Halliburton 2013 Annual Report Download - page 7

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5
We have made significant investments to ensure that we have
thecorrect tools and capabilities to deliver better producing wells,
built faster, at lower cost and with reduced risk. With the industry’s
most advanced delivery platform, we address both sides of the
value equation, oering cost savings through superior eciency
plus advanced technologies and software that reduce uncertainty
and improve production. We plan to extend our leadership
positionin North America and leverage our expertise to capture
opportunities in emerging international unconventional markets.
Delivering on Our Commitments
We are pleased with our operational performance in these key
markets. However, the ultimate measure of success for our
shareholders is how well we deliver on our financial commitments
to produce superior growth, margins and returns. During 2013, we
grew our revenue to a new record of $29.4 billion. We maintained
market leadership in North America and outgrew our primary
competitors in international markets, which now represent
48percent of company revenue. International infrastructure
investments have supported our significant growth in these
markets and provide us aplatform for future revenue and
margingrowth.
During 2013, we demonstrated our strong commitment to
delivering superior shareholder returns and reiterated our continued
confidence in the strength of our business outlook. In addition to
raising our dividend twice, for a total payout increase of 67 percent
over our 2012 quarterly dividend rate, we repurchased approximately
$4.4 billion, or 10 percent, of our outstanding common shares.
Wehave been, and will continue to be, relentlessly focused on
delivering best-in-class returns.
Revenue
$29.4 Billion
Cash Dividends
Per Share
$0.525
Operating Income
$3.1 Billion
Capital
Expenditures
$2.9 Billion
Net Income
$2.1 Billion
Return on Average
Capital Employed
11 percent
Extending the Momentum
Through consistent execution of a proven strategy, we have built
asolid foundation on which to generate future growth and the
momentum to drive it forward. The established market leader in
North America, we continue to expand our global footprint to
address emerging growth opportunities in international markets.
We recognize the vital role our stakeholders play in our success.
We greatly appreciate the confidence our shareholders and
customers continue to show in Halliburton and the exceptional
contributions of our board of directors, employees and suppliers.
After reading this report and discovering what drives us, we are
confident that you will share our optimism and enthusiasm about
the road ahead for Halliburton.
DAVID J. LESAR
Chairman of the Board,
President and
Chief Executive Officer
MARK A. McCOLLUM
Executive Vice President
and Chief Financial Officer
ROBB L. VOYLES
Executive Vice President
and General Counsel
JEFFREY A. MILLER
Executive Vice President,
Chief Operating Officer and
Chief Health, Safety and
Environment Officer
LAWRENCE J. POPE
Executive Vice President
of Administration and Chief
Human Resources Officer
TIMOTHY J. PROBERT
Strategic Advisor to the
Chief Executive Officer