Halliburton 2015 Annual Report Download - page 7

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In 2015, we continued to work diligently toward the closing of the pending acquisition of
Baker Hughes, including the pending regulatory reviews, the divestiture proposals, and
planning for integration activities.
We have tremendous appreciation for the contributions of Halliburton’s employees and
our Board of Directors, the confidence placed in us by our customers to help them find the
most efficient, cost-effective and safest means to achieve their goals, and the understanding
of our investors who have persevered with us during this challenging business cycle.
Turning the page to 2016, market visibility remains limited. Activity recovery will depend on
commodity prices, which will impact our customers’ ability to invest. We will continue to
strategically focus on offering services and solutions that improve our customers’ cost per
produced barrel.
The long-term fundamentals and outlook for the industry remain strong. We expect global
demand for oil will continue to grow, and supply levels will contract as output from aging
reservoirs decline and lower investment levels result in lower production. These fundamental
trends are likely to restore the balance between supply and demand and bring a recovery in
oilfield activity.
We are focused on maintaining a strong customer portfolio, investing in more efficient
technology and delivering reliable, best-in-class service quality for our customers, and we
are preparing the business for growth when the industry recovery begins.
David J. Lesar
Chairman of the Board and
Chief Executive Officer
5
David J. Lesar Jeffrey A. Miller Mark A. McCollum
Chairman of the Board and President and Chief Health, Executive Vice President and
Chief Executive Officer Safety and Environment Officer Chief Integration Officer
Lawrence J. Pope Robb L. Voyles James S. Brown
Executive Vice President of Executive Vice President, President, Western Hemisphere
Administration and Secretary and General Counsel
Chief Human Resources Officer
Joe D. Rainey Christian A. Garcia
President, Eastern Hemisphere Senior Vice President, Finance,
and Acting Chief Financial Officer