HALLIBURTON CO

Halliburton Company (NYSE: HAL) operates as one of the world's largest providers of products and services to the energy industry, with roots tracing back to 1919. The company maintains its corporate presence at www.halliburton.com and employs over 46,000 people representing 146 nationalities across more than 70 countries.

The company operates through two primary divisions that form its reportable segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. This division encompasses artificial lift solutions, cementing services, completion tools, specialty chemicals through Multi-Chem, pipeline and process services, production enhancement including hydraulic fracturing and sand control, and production solutions for well intervention. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation services, and precise wellbore placement solutions. Its product lines include Baroid drilling fluid systems, drill bits and services, Halliburton Project Management, Landmark Software and Services, Sperry Drilling directional systems, testing and subsea solutions, and wireline and perforating services.

Halliburton serves oil and natural gas producers globally, with no single customer representing more than ten percent of consolidated revenue. The company maintains geographic operations organized around four primary regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. In 2025, approximately 39 percent of consolidated revenue derived from United States operations.

The company's competitive positioning rests on its comprehensive service portfolio spanning the entire reservoir lifecycle, from hydrocarbon location through production optimization. Halliburton maintains significant intellectual property through numerous patents and proprietary technologies in drilling systems, completion tools, and digital solutions. The company has developed environment-friendly hydraulic fracturing technologies and continues investing in digital and automation capabilities to enhance operational efficiency for both internal operations and customer applications. The workforce composition reflects substantial localization, with approximately 91 percent of employees and 85 percent of management operating on local terms in their respective countries.