Halliburton 2013 Annual Report Download - page 30

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14
Actions of and disputes with our joint venture partners could have a material adverse effect on the business and
results of operations of our joint ventures and, in turn, our business and consolidated results of operations.
We conduct some operations through joint ventures, where control may be shared with unaffiliated third parties. As with
any joint venture arrangement, differences in views among the joint venture participants may result in delayed decisions or in
failures to agree on major issues. We also cannot control the actions of our joint venture partners, including any nonperformance,
default, or bankruptcy of our joint venture partners. These factors could have a material adverse effect on the business and results
of operations of our joint ventures and, in turn, our business and consolidated results of operations.
Our ability to operate and our growth potential could be materially and adversely affected if we cannot employ and
retain technical personnel at a competitive cost.
Many of the services that we provide and the products that we sell are complex and 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 depends in part on our ability to increase our skilled labor force. A significant increase in the wages paid by
competing employers could result in a reduction of our skilled labor force, increases in the wage rates that we must pay, or both.
If either of these events were to occur, our cost structure could increase, our margins could decrease, and any growth potential
could be impaired.
The loss or unavailability of any of our executive officers or other key employees could have a material adverse
effect on our business.
We depend greatly on the efforts of our executive officers and other key employees to manage our operations. The loss
or unavailability of any of our executive officers or other key employees could have a material adverse effect on our business.
Item 1(b). Unresolved Staff Comments.
None.