Halliburton 2013 Annual Report Download

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DRIVES
WHAT
US
2013 Annual Report

Table of contents

  • Page 1
    2013 Annual Report DRIVES WHAT US

  • Page 2
    ... of our mature fields business. UNCONVENTIONALS We led in North America, with revenue growth exceeding 70%. EXECUTION CERTAINTY Frac of the Future, â„¢ coupled with our proprietary Battle Red smart phone field management tools, takes efficiency and reliability to new levels. In addition, we are...

  • Page 3
    ... address our customers' challenges. With the opening of new technology centers in Brazil and Saudi Arabia, we continue globalizing our technology footprint for greater responsiveness to customer needs. INTERNATIONAL FOOTPRINT Our new completion tools manufacturing facility in Singapore supports...

  • Page 4
    ...Successfully used for three deepwater wells in the Gulf of Mexico, Halliburton's Enhanced Single-Trip Multizoneâ„¢ completion system was named "Best Deepwater Technology" at the World Oil awards. 4 Revenue Operating Income * in billions $ $ . . $ . in billions $ . $ . Return on Average Capital...

  • Page 5
    ... Consulting & Project Management expertise. A similar project was awarded in the Humapa field of Mexico, where work is expected to begin in 2014. Saudi Arabia Halliburton opened its new Unconventional and Reservoir Productivity Technology Center in Saudi Arabia, providing state-ofthe-art solutions...

  • Page 6
    ... will benefit Halliburton, drawing on our number one position in completions, our integration capabilities and our reputation for execution Unconventionals Market Gains Velocity Over the past few years, the North American market shifted its focus from natural gas to liquids. Full-scale development...

  • Page 7
    ... Chief Operating Officer and Chief Health, Safety and Environment Officer MARK A. McCOLLUM Executive Vice President and Chief Financial Officer LAWRENCE J. POPE Executive Vice President of Administration and Chief Human Resources Officer ROBB L. VOYLES Executive Vice President and General Counsel...

  • Page 8
    ... a technology center in Brazil, the world's largest deepwater market. Growth Through Technology Adding to our broad suite of technologies to service the deepwater market, we have commercialized approximately 30 impactful products and services over the past three years. In addition to technologies...

  • Page 9
    WHAT DRIVES US // Deepwater 7

  • Page 10
    WHAT DRIVES US // Mature Fields 8 HALLIBURTON // 2013 A N N UA L R EPORT

  • Page 11
    ... for Halliburton. Well Positioned for Premium Segments Halliburton is fortunate to be one of a select number of service companies to have the technical, operational and financial capability to execute integrated asset management engagement on behalf of our customers. Over the past three...

  • Page 12
    ... further, centralizing and digitizing our internal processes across all of our product lines and operations to extend the HALvantage. â„¢" JEFFREY A. MILLER Executive Vice President, Chief Operating Officer and Chief Health, Safety and Environment Officer 10 HALLIBURTON // 2013 A N N UA L R EPORT

  • Page 13
    WHAT DRIVES US // Unconventionals 11

  • Page 14
    ..., Chief Operating Officer and Chief Health, Safety and Environment Officer MARK A. McCOLLUM Executive Vice President and Chief Financial Officer LAWRENCE J. POPE Executive Vice President of Administration and Chief Human Resources Officer ROBB L. VOYLES Executive Vice President and General Counsel...

  • Page 15
    ... East Houston, Texas 77032 (Address of principal executive offices) Telephone Number - Area code (281) 871-2699 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock par value $2.50 per share Name of each exchange on which registered New York Stock Exchange...

  • Page 16
    ...Selected Financial Data (Unaudited) Quarterly Data and Market Price Information (Unaudited) PART III Item 10. Item 11. Item 12(a). Item 12(b). Item 12(c). Item 12(d). Item 13. Item 14. PART IV Item 15. SIGNATURES Exhibits Directors, Executive Officers, and Corporate Governance Executive Compensation...

  • Page 17
    ...of Baroid, Sperry Drilling, Wireline and Perforating, Drill Bits and Services, Landmark Software and Services, Testing and Subsea, and Consulting and Project Management. See Note 2 to the consolidated financial statements for further financial information related to each of our business segments and...

  • Page 18
    ... our access to key materials at competitive prices. Research and development costs We maintain an active research and development program. The program improves products, processes, and engineering standards and practices that serve the changing needs of our customers, such as those related to high...

  • Page 19
    ... our reports, proxy and information statements, and our other SEC filings. The address of that web site is www.sec.gov. We have posted on our web site our Code of Business Conduct, which applies to all of our employees and Directors and serves as a code of ethics for our principal executive officer...

  • Page 20
    ...Age 50) Executive Vice President and Chief Operating Officer of Halliburton Company, since September 2012 Senior Vice President, Global Business Development and Marketing of Halliburton Company, January 2011 to August 2012 Senior Vice President, Gulf of Mexico Region of Halliburton Company, January...

  • Page 21
    ... of square miles of the Gulf of Mexico and reached the United States Gulf Coast. We performed a variety of services for BP Exploration, including cementing, mud logging, directional drilling, measurement-while-drilling, and rig data acquisition services. We are named along with other unaffiliated...

  • Page 22
    ..., that arise from pollution or contamination that did not originate from our property or equipment located above the surface of the land or water, even if we are found to be grossly negligent. The court also held that BP does not owe us indemnity for punitive damages or for civil penalties under the...

  • Page 23
    ...; and - stated that it, together with the Bureau of Ocean Energy Management, is drafting new standards governing drilling in the Arctic. In addition, the BSEE contends that it has the legal authority to extend its regulatory reach to include contractors, like us, in addition to operators, as...

  • Page 24
    ...limited to: the Middle East, North Africa, Angola, Argentina, Azerbaijan, Colombia, Indonesia, Kazakhstan, Mexico, Nigeria, Russia, and Venezuela. In addition, any possible reprisals as a consequence of military or other action, such as acts of terrorism in the United States or elsewhere, could have...

  • Page 25
    ... on our business and consolidated results of operations. The adoption of any future federal, state, or local laws or implementing regulations imposing reporting obligations on, or limiting or banning, the hydraulic fracturing process could make it more difficult to complete natural gas and oil wells...

  • Page 26
    ... of operations, and consolidated financial condition. Trends in oil and natural gas prices affect the level of exploration, development, and production activity of our customers and the demand for our services and products, which could have a material adverse effect on our business, consolidated...

  • Page 27
    ... levels of exploration, development, and production activity which could have a material adverse effect on our business, consolidated results of operations, and consolidated financial condition. Even the perception of longer -term lower oil and natural gas prices by oil and natural gas companies...

  • Page 28
    ...our competitive position. If we are not able to design, develop, and produce commercially competitive products and to implement commercially competitive services in a timely manner in response to changes in the market, customer requirements, competitive pressures, and technology trends, our business...

  • Page 29
    ...discrete business to act as project managers as well as service providers, and may require us to assume additional risks associated with cost over -runs. These customers may provide us with inaccurate information in relation to their reserves, which is a subjective process that involves location and...

  • Page 30
    ... highly engineered and often must perform or be performed in harsh conditions. We believe that our success depends upon our ability to employ and retain technical personnel with the ability to design, utilize, and enhance these services and products. In addition, our ability to expand our operations...

  • Page 31
    ...de Janeiro, Brazil San Antonio, Texas In addition, we have 179 international and 124 United States field camps from which we deliver our services and products. We also have numerous small facilities that include sales, project, and support offices and bulk storage facilities throughout the world. We...

  • Page 32
    Item 3. Legal Proceedings. Information related to Item 3. Legal Proceedings is included in Note 8 to the consolidated financial statements on page 55 of this annual report. Item 4. Mine Safety Disclosures. Our barite and bentonite mining operations, in support of our fluid services business, are ...

  • Page 33
    ...Issuer Purchases of Equity Securities. Halliburton Company's common stock is traded on the New York Stock Exchange. Information related to the high and low market prices of our common stock and quarterly dividend payments is included under the caption "Quarterly Data and Market Price Information" on...

  • Page 34
    ...settlement of income tax and related benefit withholding obligations arising from vesting in restricted stock grants. These shares were not part of a publicly announced program to purchase common stock. (b) Our Board of Directors has authorized a plan to repurchase our common stock from time to time...

  • Page 35
    ... by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of December 31, 2013 to provide reasonable assurance that information required to be disclosed in our reports filed or submitted...

  • Page 36
    ... is representative of our ongoing strategy to grow our international business and balance our geographic mix. Our increase in international activity and revenue was partially offset by lower activity levels and pricing pressure in the United States land market, primarily for production enhancement...

  • Page 37
    ... other things, additional investments in our systems and significant improvements to our current order -to-cash and purchase-to-pay processes; - growing our international revenues and margins by continuing to invest capital and resources in these markets; - improving our North America margins by...

  • Page 38
    ... plan for 2014 is primarily directed towards our Production Enhancement, Sperry Drilling, Cementing, Boots & Coots, and Wireline and Perforating product service lines, with an increasing amount dedicated to our international operations. Subject to Board of Directors approval, our intention is to pay...

  • Page 39
    ... (b) Amount in 2014 primarily represents certain purchase orders for goods and services utilized in the ordinary course of our business. (c) Includes capital lease obligations and pension funding obligations. Amounts for pension funding obligations, which include international plans and are based on...

  • Page 40
    ... the life of the field. Our two business segments are the Completion and Production segment and the Drilling and Evaluation segment. The industry we serve is highly competitive with many substantial competitors in each segment. In 2013, 2012, and 2011, based on the location of services provided...

  • Page 41
    ... gas Total Canada: Oil Natural gas Total International (excluding Canada): Oil Natural gas Total Worldwide total Oil total Natural gas total Drilling Type United States (incl. Gulf of Mexico): Horizontal Vertical Directional Total 1,102 435 224 1,761 1,151 552 216 1,919 1,074 571 230 1,875 2013...

  • Page 42
    ... 2013, the average natural gas-directed rig count in North America fell by 157 rigs, or 24%, from 2012 levels. The curtailment of natural gas drilling activity along with an influx of stimulation equipment into the industry has resulted in overcapacity and pricing pressure for hydraulic fracturing...

  • Page 43
    ... as of December 31, 2012, $143 million has been classified as long-term and included within "Other assets" on our consolidated balance sheets. In February 2013, the Venezuelan government devalued the Bolívar, from the preexisting exchange rate of 4.3 Bolívares per United States dollar to 6.3 Bol...

  • Page 44
    ... OPERATIONS IN 2013 COMPARED TO 2012 REVENUE: Millions of dollars Completion and Production Drilling and Evaluation Total revenue By geographic region: Completion and Production: North America Latin America Europe/Africa/CIS Middle East/Asia Total Drilling and Evaluation: North America Latin America...

  • Page 45
    ... due to pricing pressures in the United States hydraulic fracturing market and lower activity in Canada. Latin America revenue was up 12% due to increased completion tools sales in Brazil and higher activity in most product service lines in Mexico and Argentina. Europe/Africa/CIS revenue grew 14...

  • Page 46
    ...due to the North America region, where operating income fell 15% due to pricing pressures in the United States hydraulic fracturing market and lower activity in Canada. Latin America operating income was up 2% as a result of higher demand for cementing services in Mexico and Venezuela and production...

  • Page 47
    ... OPERATIONS IN 2012 COMPARED TO 2011 REVENUE: Millions of dollars Completion and Production Drilling and Evaluation Total revenue By geographic region: Completion and Production: North America Latin America Europe/Africa/CIS Middle East/Asia Total Drilling and Evaluation: North America Latin America...

  • Page 48
    ... for hydraulic fracturing in the United States. Latin America revenue increased 27% due to improved activity in most product service lines in Mexico, Brazil, and Venezuela. Europe/Africa/CIS revenue increased 20%, driven by strong demand for completion tools across the region and increased cementing...

  • Page 49
    ... Latin America. North America operating income increased 6% from increased demand for drilling fluids and wireline and perforating, which offset higher consulting and project management costs. Latin America operating income grew 29% as a result of activity increases in Mexico, Venezuela, and Brazil...

  • Page 50
    ...valuations of long-lived assets, including intangible assets and goodwill; - purchase price allocation for acquired businesses; - pensions; - allowance for bad debts; and - percentage-of-completion accounting for long-term, integrated project management contracts. We base our estimates on historical...

  • Page 51
    ... in our legal department monitor and manage all claims filed against us and review all pending investigations. Generally, the estimate of probable costs related to these matters is developed in consultation with internal and outside legal counsel representing us. Our estimates are based upon an...

  • Page 52
    ... to $87 million in 2012. Our net actuarial loss, net of tax, related to international pension plans was $222 million at December 31, 2013 and $208 million at December 31, 2012. In our international plans where employees earn additional benefits for continued service, actuarial gains and losses...

  • Page 53
    ... December 31, 2013, we had no material off balance sheet arrangements, except for operating leases. For information on our contractual obligations related to operating leases, see "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources...

  • Page 54
    ...of our forward -looking statements regardless of whether factors change as a result of new information, future events, or for any other reason. You should review any additional disclosures we make in our press releases and Forms 10-K, 10-Q, and 8-K filed with or furnished to the SEC. We also suggest...

  • Page 55
    ... over time. Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation to assess the effectiveness of our internal control over financial reporting as of December 31, 2013 based upon criteria set...

  • Page 56
    ... of Halliburton Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require...

  • Page 57
    ... responsibility is to express an opinion on Halliburton Company's internal control over financial reporting based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform...

  • Page 58
    HALLIBURTON COMPANY Consolidated Statements of Operations Year Ended December 31 Millions of dollars and shares except per share data Revenue: Services Product sales Total revenue Operating costs and expenses: Cost of services Cost of sales Loss contingency for Macondo well incident General and ...

  • Page 59
    HALLIBURTON COMPANY Consolidated Statements of Comprehensive Income Year Ended December 31 Millions of dollars Net income Other comprehensive income, net of income taxes: Defined benefit and other postretirement plans adjustments Other Other comprehensive income (loss), net of income taxes ...

  • Page 60
    ...and benefits Deferred revenue Loss contingency for Macondo well incident Other current liabilities Total current liabilities Long-term debt Loss contingency for Macondo well incident Employee compensation and benefits Other liabilities Total liabilities Shareholders' equity: Common shares, par value...

  • Page 61
    ... Purchases of investment securities Sales of property, plant, and equipment Acquisitions of business assets, net of cash acquired Other investing activities Total cash flows from investing activities Cash flows from financing activities: Payments to reacquire common stock Proceeds from long-term...

  • Page 62
    ...36 per share) Stock plans Other Balance at December 31, 2012 Comprehensive income: Net income Other comprehensive income Common shares repurchased Stock plans Cash dividends ($0.525 per share) Other Balance at December 31, 2013 See notes to consolidated financial statements. $ $ $ $ Common Shares...

  • Page 63
    ... two business segments are the Completion and Production segment and the Drilling and Evaluation segment. We provide a comprehensive range of services and products for the exploration, development, and production of oil and natural gas around the world. Use of estimates Our financial statements are...

  • Page 64
    ...negative conditions such as significant current or projected operating losses exist. In 2012 and 2011, we elected to perform a qualitative assessment for our annual goodwill impairment test. If a qualitative assessment indicates that it is more likely than not that the fair value of a reporting unit...

  • Page 65
    ...sales and revenue, and expenses associated with nonmonetary balance sheet accounts, which are translated at historical rates. Gains or losses from changes in exchange rates are recognized in our consolidated statements of operations in "Other, net" in the year of occurrence. Stock-based compensation...

  • Page 66
    .... Stimulation services optimize oil and natural gas reservoir production through a variety of pressure pumping services, nitrogen services, and chemical processes, commonly known as hydraulic fracturing and acidizing. Sand control services include fluid and chemical systems and pumping services for...

  • Page 67
    ... following tables present information on our business segments. Operations by business segment Millions of dollars Revenue: Completion and Production Drilling and Evaluation Total revenue Operating income: Completion and Production Drilling and Evaluation Total operations Corporate and other Total...

  • Page 68
    ... by country is determined based on the location of services provided and products sold. Operations by geographic area Millions of dollars Revenue: United States Other countries Total Year Ended December 31 2013 2012 2011 $ $ 14,311 $ 15,091 29,402 $ 15,057 $ 13,446 28,503 $ 13,548 11,281 24,829...

  • Page 69
    ... Net property, plant, and equipment December 31 2013 2012 213 $ 145 2,685 1,861 17,904 16,307 20,802 18,313 9,480 8,056 11,322 $ 10,257 $ $ Classes of assets, excluding oil and natural gas investments, are depreciated over the following useful lives: Buildings and Property Improvements...

  • Page 70
    ... obligation under a guarantee related to the Barracuda-Caratinga matter, a legacy KBR project. Accordingly, there were no amounts accrued for indemnities provided to KBR at December 31, 2013. Tax sharing agreement The TSA provides for the calculation and allocation of United States and certain other...

  • Page 71
    ... variety of services for BP Exploration, including cementing, mud logging, directional drilling, measurement -while-drilling, and rig data acquisition services. Crude oil flowing from the well site spread across thousands of square miles of the Gulf of Mexico and reached the United States Gulf Coast...

  • Page 72
    ... standards, we believe that had BP and Transocean properly interpreted a negative -pressure test, this test would have revealed any problems with the cement. In addition, had BP designed the Macondo well to allow a full cement bond log test or if BP had conducted even a partial cement bond log test...

  • Page 73
    ... -year terms, one relating to process safety and risk management procedures concerning deepwater drilling in the Gulf of Mexico and one relating to the improvement, implementation, and enforcement of BP's code of conduct. In January 2013, Transocean announced that it reached an agreement with the...

  • Page 74
    ... certain aspects of law applicable to the lawsuits pending in his court. The court ruled that: (1) general maritime law will apply, and therefore all claims brought under state law causes of action were dismissed; (2) general maritime law claims may be brought directly against defendants who...

  • Page 75
    ... December 2013 and January 2014. According to a stipulation and post-trial filings, BP contends that 2.45 million barrels of oil were released into the Gulf of Mexico and the DOJ contends that a total of 4.2 million barrels were released. The MDL court has not issued a ruling on the questions that...

  • Page 76
    ... BP Exploration in Harris County, Texas to enforce BP Exploration's contractual indemnity and alleging BP Exploration breached certain terms of the contractual indemnity provision. BP Exploration removed that lawsuit to federal court in the Southern District of Texas, Houston Division. We filed...

  • Page 77
    ...Halliburton Company, et al. AMSF has changed its name to Erica P. John Fund, Inc. (the Fund). We settled with the SEC in the second quarter of 2004. In June 2003, the lead plaintiffs filed a motion for leave to file a second amended consolidated complaint, which was granted by the court. In addition...

  • Page 78
    ... legal, and regulatory requirements related to our operations worldwide. In the United States, these laws and regulations include, among others: the Comprehensive Environmental Response, Compensation, and Liability Act; the Resource Conservation and Recovery Act; the Clean Air Act; the Federal Water...

  • Page 79
    ... Latin America in the fourth quarter. Additionally, our effective tax rate was positively impacted by lower tax rates in certain foreign jurisdictions, as we continue to reposition our technology, supply chain, and manufacturing infrastructure to more effectively serve our customers internationally...

  • Page 80
    ... course of business by tax authorities. Currently, our United States federal tax filings for the tax year 2012 is open for review, 2003 through 2009 are under appeal for tax items not agreed, and 2010 through 2011 are under examination by the Internal Revenue Service. During 2013, the Congressional...

  • Page 81
    ... purchase Halliburton common stock under our stock repurchase program by $4.3 billion, to a new total repurchase capacity of $5.0 billion. In August 2013, we repurchased approximately 68 million shares of our common stock for an aggregate cost of $3.3 billion at a purchase price of $48.50 per share...

  • Page 82
    ... Stock Purchase Plan (ESPP). Each of the active stock-based compensation arrangements is discussed below. Stock options The majority of our options are generally issued during the second quarter of the year. All stock options under the Stock Plan are granted at the fair market value of our common...

  • Page 83
    ...-Employee Directors (Directors Plan) allows for each non-employee director to receive an annual award of 800 restricted shares of common stock or, beginning in 2012, an annual award of 800 restricted stock units representing the right to receive shares of common stock as a part of their compensation...

  • Page 84
    ... shares of common stock that were outstanding in 2011. These options were outstanding during these years but were excluded because they were antidilutive, as the option exercise price was greater than the average market price of the common shares. Note 13. Financial Instruments and Risk Management...

  • Page 85
    ...losses based on current market conditions, future operating activities, and the associated cost in relation to the perceived risk of loss. The purpose of our foreign currency risk management activities is to minimize the risk that our cash flows from the sale and purchase of services and products in...

  • Page 86
    ... Consolidated Balance Sheets Accrued employee compensation and benefits Employee compensation and benefits Pension plans in which projected benefit obligation exceeded plan assets Projected benefit obligation 2013 $ 17 $ 251 $ 1,123 $ 854 1,046 $ 854 2012 10 266 1,004 727 935 726 Fair value of plan...

  • Page 87
    ...table sets forth by level within the fair value hierarchy the fair value of assets held by our international pension plans. Millions of dollars Common/collective trust funds (a) Equity funds Bond funds Balanced funds Non-United States equity securities United States equity securities Corporate bonds...

  • Page 88
    ...compensation increases vary by plan according to local economic conditions. Discount rates were determined based on the prevailing market rates of a portfolio of high -quality debt instruments with maturities matching the expected timing of the payment of the benefit obligations. Expected long -term...

  • Page 89
    ... outstanding Diluted weighted average common shares outstanding Other financial data: Capital expenditures Long-term borrowings (repayments), net Depreciation, depletion, and amortization Payroll and employee benefits Number of employees 2013 Year ended December 31 2012 2011 2010 2009 $ 29,402...

  • Page 90
    HALLIBURTON COMPANY Quarterly Data and Market Price Information (Unaudited) Quarter Millions of dollars except per share data 2013 Revenue Operating income (loss) Net income (loss) Amounts attributable to company shareholders: Income (loss) from continuing operations Income (loss) from discontinued ...

  • Page 91
    ... to the Halliburton Company Proxy Statement for our 2014 Annual Meeting of Stockholders (File No. 001-03492) under the captions "Compensation Discussion and Analysis," "Compensation Committee Report," "Summary Compensation Table," "Grants of Plan -Based Awards in Fiscal 2013," "Outstanding Equity...

  • Page 92
    ... Company, now known as Halliburton Energy Services, Inc. (the Predecessor), dated as of February 20, 1991, File No. 001-03492). Senior Indenture dated as of January 2, 1991 between the Predecessor and The Bank of New York Trust Company, N.A. (as successor to Texas Commerce Bank National Association...

  • Page 93
    ... to Exhibit 4.4 to Halliburton's Form 10-Q for the quarter ended March 31, 1997, File No. 001-03492). Form of Indenture dated as of April 18, 1996 between Dresser and The Bank of New York Trust Company, N.A. (as successor to Texas Commerce Bank National Association), as Trustee (incorporated...

  • Page 94
    ... 2043 (included as part of Exhibit 4.26). Halliburton Company Restricted Stock Plan for Non-Employee Directors (incorporated by reference to Appendix B of the Predecessor's proxy statement dated March 23, 1993, File No. 001-03492). Dresser Industries, Inc. Deferred Compensation Plan, as amended and...

  • Page 95
    ...31, 2007, File No. 001 -03492). Executive Agreement (Lawrence J. Pope) (incorporated by reference to Exhibit 10.1 to Halliburton's Form 8-K filed December 12, 2008, File No. 001-03492). Halliburton Company Stock and Incentive Plan, as amended and restated effective February 20, 2013 (incorporated by...

  • Page 96
    ...among Halliburton Company, as Borrower, the Banks party thereto, and Citibank, N.A., as Agent (incorporated by reference to Exhibit 10.1 to Halliburton's Form 8-K filed February 23, 2011, File No. 001-03492). First Amendment dated February 10, 2011 to Halliburton Company Employee Stock Purchase Plan...

  • Page 97
    ... effective February 22, 2011 (incorporated by reference to Exhibit 10.4 to Halliburton's Form 10 -Q for the quarter ended March 31, 2013, File No. 001-03492). Underwriting Agreement, dated July 29, 2013, among Halliburton Company and Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC...

  • Page 98
    ... for the following directors signed in January 2014: Alan M. Bennett James R. Boyd Milton Carroll Nance K. Dicciani Murry S. Gerber José C. Grubisich Abdallah S. Jum'ah Robert A. Malone J. Landis Martin Debra L. Reed * * 31.1 31.2 Certification of Chief Executive Officer pursuant to Section...

  • Page 99
    ..., the registrant has authorized this report to be signed on its behalf by the undersigned authorized individuals on this 7th day of February, 2014. HALLIBURTON COMPANY By /s/ David J. Lesar David J. Lesar Chairman of the Board, President, and Chief Executive Officer As required by the Securities...

  • Page 100
    ... A. Malone Robert A. Malone J. Landis Martin J. Landis Martin Debra L. Reed Debra L. Reed Title Director * Director * Director * Director * Director * Director * Director * Director * Director * Director /s/ Christina M. Ibrahim *By Christina M. Ibrahim, Attorney-in-fact 84

  • Page 101
    ... INFORMATION // Shares Listed New York Stock Exchange Symbol: HAL Transfer Agent and Registrar Computershare P.O. Box 30170 College Station, Texas 77842-3170 Telephone: 800.279.1227 www.computershare.com/investor To contact Halliburton Investor Relations, shareholders may call the Company...

  • Page 102
    281.871.2699 www.halliburton.com © 2014 Halliburton. All Rights Reserved. Printed in the USA H010964