Halliburton’s customers, especially those working in new and remote areas, need a service company that will help them reduce their risks, and they are placing increasing emphasis on environmental matters when issuing contracts. Customers also need a service company that will help them achieve their goals in the areas of the triple bottom line – financial performance, social benefit, and environmental protection. Halliburton is committed to integrating social equity concerns into its business decision-making, capturing of the value through improved stakeholder relations, and reducing the company’s overall environmental footprint. Halliburton’s continuing commitment to being the environmental partner of choice is an asset in competing for business.

And for investors, environmental performance can be a source of hidden value potential. Among other things, it measures environmental risk exposure, the ability to manage risk, and the ability to capitalize on environmentally driven business opportunities. These in turn have strong implications for stock price performance. Back-test evidence indicates that a diversified portfolio of environmentally high-performing companies can be expected to outperform its less efficient competitors. It has been estimated that environmental excellence turns out to be an extraordinarily good proxy for – and predictor of – superior corporate management, which in turn generates financial outperformance and shareholder value.

Halliburton’s outstanding environmental performance is demonstrated by:

• Genuine commitment by Board and senior management.

• A business model that integrates HSE into the core company business development activities.

• Highly regarded HSE Management System.

• Superior performance on emissions and spills.

• Taking the lead in setting emission reduction goals via energy conservation measures.

• Developing the world’s first biodegradable invert emulsion drilling fluid system.

• Engaging in R&D for CO2 sequestration and the reduction of flaring in gas processing.