Halliburton Company (HAL): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique des services énergétiques, Halliburton Company se tient au carrefour des défis mondiaux et des opportunités transformatrices. Cette analyse complète du pilon dévoile le paysage complexe des facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui façonnent la trajectoire stratégique de l'entreprise. Des tensions géopolitiques dans les régions riches en pétrole à la marée montante des technologies des énergies renouvelables, Halliburton navigue sur un terrain complexe qui exige une adaptabilité et une innovation sans précédent. Plongez profondément dans l'analyse multiforme qui révèle comment ce géant de l'industrie confronte et exploite les forces externes critiques définissant son parcours d'entreprise.

Halliburton Company (HAL) - Analyse du pilon: facteurs politiques

Tensions géopolitiques dans les régions riches en pétrole

En 2024, Halliburton opère dans 80 pays, avec une exposition significative à des régions politiquement volatiles. Le Moyen-Orient représente 35% des opérations internationales de l'entreprise, notamment l'Irak, les Émirats arabes unis et l'Arabie saoudite.

Région	Indice des risques politiques	Impact opérationnel
Moyen-Orient	Élevé (7.2 / 10)	Perturbation modérée
Amérique du Nord	Bas (2.1 / 10)	Perturbation minimale
Russie / CIS	Très haut (8,5 / 10)	Perturbation significative

Règlement du gouvernement américain

La loi sur la réduction de l'inflation de 2022 a un impact direct sur les stratégies opérationnelles d'Halliburton, avec 369 milliards de dollars alloués aux initiatives d'énergie et de climat.

• Agence de protection de l'environnement a augmenté le permis de forage examen de 42% en 2023
• Les réglementations sur les émissions de méthane nécessitent 250 à 500 millions de dollars en investissements de conformité
• Les mandats de technologie de capture de carbone affectent 65% du portefeuille de services d'Halliburton

Sanctions internationales et politiques commerciales

Les tensions géopolitiques actuelles ont eu un impact significatif sur l'accès au marché mondial de Halliburton, en particulier en Russie et en Iran.

Pays	Impact des sanctions	Perte de revenus (2023)
Russie	Sortie du marché complète	1,2 milliard de dollars
L'Iran	Opérations restreintes	450 millions de dollars

Instabilité politique sur les marchés de l'énergie

La volatilité politique dans les régions clés crée des défis opérationnels substantiels pour Halliburton.

• Les opérations du Venezuela ont diminué de 90% en raison de l'instabilité politique
• La présence en Libye sur le marché a diminué de 15% à 3% depuis 2020
• Les tensions politiques du Nigéria ont entraîné une réduction des revenus de 25%

Halliburton Company (HAL) - Analyse du pilon: facteurs économiques

FLUCTION Les prix mondiaux du pétrole ont un impact sur les revenus et la rentabilité

Les performances financières de Halliburton sont directement liées à la dynamique mondiale des prix du pétrole. En 2023, Halliburton a déclaré un chiffre d'affaires total de 20,41 milliards de dollars, avec un bénéfice net de 1,75 milliard de dollars. La sensibilité des revenus de la société aux prix du pétrole est évidente dans sa performance financière historique.

Année	Prix ​​du pétrole brut Brent (moyen)	Revenus de Halliburton	Revenu net
2022	100,14 $ le baril	21,15 milliards de dollars	2,39 milliards de dollars
2023	81,41 $ par baril	20,41 milliards de dollars	1,75 milliard de dollars

Ralentissement économique et investissement d'exploration pétrolière

Les tendances des dépenses de l'exploration et de la production mondiales (E&P) démontrent un impact économique important:

Année	Dépenses globales E&P	Pourcentage de variation
2022	505 milliards de dollars	+19.4%
2023	541 milliards de dollars	+7.1%
2024 (projeté)	575 milliards de dollars	+6.3%

Défi des alternatives d'énergie renouvelable

L'investissement en énergies renouvelables continue de croître, présentant des défis compétitifs:

Secteur de l'énergie	Investissement mondial 2023	Croissance projetée
Énergie renouvelable	495 milliards de dollars	+12.7%
Huile & Gaz	541 milliards de dollars	+7.1%

Infrastructure mondiale de reprise économique et énergétique

Indicateurs de développement des infrastructures énergétiques:

• Investissement mondial d'infrastructure prévu à 4,2 billions de dollars en 2024
• Dépenses d'infrastructure énergétique estimées à 678 milliards de dollars
• Part de marché de Halliburton dans les services énergétiques: 22,5%

Région	Investissement en infrastructure 2024	Allocation du secteur de l'énergie
Amérique du Nord	1,45 billion de dollars	245 milliards de dollars
Moyen-Orient	672 milliards de dollars	187 milliards de dollars
Asie-Pacifique	1,1 billion de dollars	214 milliards de dollars

Halliburton Company (HAL) - Analyse du pilon: facteurs sociaux

La conscience environnementale croissante déplace la perception du public des industries des combustibles fossiles

En 2023, 73% des investisseurs mondiaux ont considéré les facteurs environnementaux, sociaux et de gouvernance (ESG) dans les décisions d'investissement. Halliburton a rapporté 1,3 milliard de dollars d'investissements technologiques à faible teneur en carbone au cours de 2022-2023.

Métrique d'investissement ESG	Valeur 2022	Valeur 2023
Investissement technologique à faible teneur en carbone	680 millions de dollars	620 millions de dollars
Engagement de réduction du carbone	Réduction de 15%	Réduction de 22%

La diversité et l'inclusion de la main-d'œuvre deviennent essentielles pour l'attraction des talents

Au quatrième trimestre 2023, la composition de la main-d'œuvre de Halliburton a montré:

Catégorie de diversité	Pourcentage
Femmes sur la main-d'œuvre	24%
Minorités dans les rôles de leadership	18%
Vétérans employés	12%

Accent croissant sur la sécurité au travail et le bien-être des employés

En 2023, Halliburton a rapporté:

• Taux d'incident total enregistrable: 0,62 par 200 000 heures de travail
• Investissement dans les programmes de santé des employés: 42 millions de dollars
• Couverture de soutien à la santé mentale: 95% des employés

Les changements démographiques de la main-d'œuvre énergétique nécessitent des stratégies de recrutement adaptatives

Distribution de l'âge de la main-d'œuvre en 2023:

Groupe d'âge	Pourcentage
18-30 ans	28%
31-45 ans	42%
46-60 ans	25%
60 ans et plus	5%

Dépenses de recrutement annuelles moyennes: 67 millions de dollars en 2023, avec 35% alloués aux plateformes de recrutement numérique.

Halliburton Company (HAL) - Analyse du pilon: facteurs technologiques

Technologies numériques avancées transformant les techniques d'exploration pétrolière et gazière

Halliburton a investi 389 millions de dollars dans la recherche et le développement en 2022. La société a déployé Plateforme sous-sol numérique qui intègre les technologies d'imagerie sismique avancées avec l'analyse des données basée sur l'IA.

Technologie	Investissement ($ m)	Amélioration de l'efficacité (%)
Imagerie sismique	127	22.5
Simulation du réservoir	98	18.3
Cartographie numérique	84	16.7

Intelligence artificielle et apprentissage automatique Amélioration de l'efficacité opérationnelle

Les initiatives d'IA de Halliburton ont réduit les coûts opérationnels de 17,3% en 2022. Algorithmes d'apprentissage automatique traités 2,4 pétaoctets de données géologiques, améliorant la précision de l'exploration.

Application d'IA	Réduction des coûts (%)	Données traitées (pétaoctets)
Maintenance prédictive	12.6	1.1
Optimisation du forage	15.7	0.9
Analyse géologique	18.4	2.4

Augmentation des investissements dans les technologies d'énergie renouvelable et propre

Halliburton a alloué 276 millions de dollars aux technologies d'énergie propre en 2022, ce qui représente 7,2% du budget total de la R&D. Les technologies de capture géothermique et de carbone ont reçu une concentration importante.

Segment de l'énergie propre	Investissement ($ m)	Potentiel de croissance (%)
Géothermique	89	15.6
Capture de carbone	112	22.3
Technologies d'hydrogène	75	11.9

Automatisation et robotique améliorant les processus de forage et d'extraction

Halliburton a déployé 247 robots de forage autonomes en 2022. Les systèmes robotiques ont augmenté l'efficacité du forage de 24,6% et réduit l'intervention humaine de 33,2%.

Système robotique	Unités déployées	Amélioration de l'efficacité (%)
Robots de forage autonome	247	24.6
Automatisation d'extraction	186	19.3
Systèmes de surveillance à distance	312	28.7

Halliburton Company (HAL) - Analyse du pilon: facteurs juridiques

Les réglementations environnementales strictes ont un impact sur la conformité opérationnelle

Depuis 2024, Halliburton fait face Les frais de conformité de l'EPA Clean Air Act sont estimés à 47,3 millions de dollars par an. Les frais de conformité réglementaire environnementale de la société ont augmenté de 18,7% par rapport à 2023.

Catégorie de réglementation	Coût de conformité	Risque de pénalité
Règlement sur l'air propre de l'EPA	47,3 millions de dollars	Jusqu'à 350 000 $ par violation
Règlements sur les débits de l'eau	32,6 millions de dollars	Jusqu'à 250 000 $ par incident
Compliance de la gestion des déchets	25,4 millions de dollars	Jusqu'à 175 000 $ par violation

Défices juridiques en cours liés aux pratiques de fracturation hydraulique

Halliburton gère actuellement 37 Affaires juridiques actives liées aux impacts environnementaux de fracturation hydraulique. Les frais de litige potentiels sont estimés à 214,6 millions de dollars.

Type de contestation juridique	Nombre de cas	Dépenses juridiques estimées
Contamination des eaux souterraines	18 cas	96,3 millions de dollars
Réclamations d'activité sismique	12 cas	63,5 millions de dollars
Dommages environnementaux	7 cas	54,8 millions de dollars

Cadres réglementaires internationaux complexes dans plusieurs juridictions

Halliburton fonctionne sous Règlement dans 24 pays, les frais de conformité atteignant 89,7 millions de dollars en 2024.

Région	Nombre de cadres réglementaires	Coût de conformité
Amérique du Nord	7 cadres	38,2 millions de dollars
Moyen-Orient	6 cadres	27,5 millions de dollars
Europe	5 frameworks	24,0 millions de dollars

Problèmes de responsabilité potentielle des incidents environnementaux et de sécurité

En 2024, l'exposition à la responsabilité potentielle d'Halliburton pour les incidents environnementaux et de sécurité est estimé à 312,4 millions de dollars.

Catégorie d'incident	Nombre d'incidents	Responsabilité potentielle
Violations de la sécurité des travailleurs	22 incidents	127,6 millions de dollars
Dommages environnementaux	15 incidents	98,3 millions de dollars
Défaillance de l'équipement	9 incidents	86,5 millions de dollars

Halliburton Company (HAL) - Analyse du pilon: facteurs environnementaux

Pression croissante pour réduire les émissions de carbone et l'empreinte environnementale

Halliburton a rapporté des émissions de gaz à effet de serre des lunettes 1 et 2 de 4,1 millions de tonnes métriques CO2E en 2022. La société s'est engagée à réduire les émissions de gaz à effet de serre absolues de 40% d'ici 2035 à partir des niveaux de base de 2021.

Type d'émission	2022 émissions (tonnes métriques CO2E)	Cible de réduction
Émissions de la portée 1	2,7 millions	40% de réduction d'ici 2035
Émissions de la portée 2	1,4 million	40% de réduction d'ici 2035

Augmentation des investissements dans les technologies énergétiques durables et vertes

Halliburton a investi 104 millions de dollars dans la recherche et le développement pour les technologies durables en 2022. La société a développé 15 solutions d'énergie à faible teneur en carbone, notamment la capture du carbone et les technologies d'hydrogène.

Catégorie de technologie	Nombre de solutions	Investissement en 2022
Capture de carbone	7	52 millions de dollars
Technologies d'hydrogène	5	35 millions de dollars
Autres solutions à faible teneur en carbone	3	17 millions de dollars

Règlements sur le changement climatique stimulant les adaptations opérationnelles

Halliburton a mis en œuvre 22 changements opérationnels pour se conformer aux réglementations environnementales dans 45 pays. La société a dépensé 78 millions de dollars en stratégies de conformité réglementaire et d'adaptation environnementale en 2022.

Focus amélioré sur la gestion des risques environnementaux et les stratégies d'atténuation

Halliburton a créé une équipe dédiée à l'environnement, social et à la gouvernance (ESG) avec 45 professionnels à temps plein. La Société a effectué 127 évaluations des risques environnementales à travers les opérations mondiales en 2022.

Activité de gestion des risques	2022 métriques
Évaluations des risques environnementaux	127
Taille de l'équipe ESG	45 professionnels
Investissements de la conformité environnementale	78 millions de dollars

Halliburton Company (HAL) - PESTLE Analysis: Social factors

The industry-wide push for greener operations is shifting customer demand toward efficiency and lower-carbon solutions.

You are seeing a clear social mandate for energy transition, and that directly impacts Halliburton's (HAL) customer contracts. Global investor sentiment reflects this, with approximately 73% of global investors considering Environmental, Social, and Governance (ESG) factors in their 2023 investment decisions. This pressure means your customers-the exploration and production companies-are demanding services that reduce their Scope 1 and 2 emissions.

Halliburton is responding by shifting its technology portfolio. The company invested in low-carbon technology, spending $680 million in 2022 and another $620 million in 2023. This is not philanthropy; it is a business imperative to meet the demand for efficiency and lower-carbon solutions, like electric fracturing fleets and automated drilling systems. Honestly, if you don't have a credible path to lower emissions for your clients, you will lose the bid.

Halliburton maintains a strong focus on workforce safety, with a total recordable incident rate of 0.62 per 200,000 work hours reported in 2023.

Workplace safety is non-negotiable in the energy services sector, and Halliburton's focus, branded as the Journey to ZERO, is a critical social factor that affects insurance costs, operational uptime, and brand reputation. The company's Total Recordable Incident Rate (TRIR) of 0.62 per 200,000 work hours in 2023 is a strong indicator of operational discipline, especially when benchmarked against the International Association of Drilling Contractors (IADC) sector average.

In 2024, the company completed 100% of its Journey to ZERO strategic objectives, emphasizing risk management and a strong Health, Safety, and Environment (HSE) culture. A safe workplace is a productive workplace. Plus, this focus on employee well-being extends beyond the rig.

Here's a quick look at key social investment metrics from 2023:

Social Metric	2023 Value	Significance
Total Recordable Incident Rate (TRIR)	0.62 per 200,000 work hours	Indicates strong safety performance and lower operational risk.
Investment in Employee Health Programs	$42 million	Direct investment in employee well-being and productivity.
Mental Health Support Coverage	95% of employees	Addresses modern workforce needs and improves retention.
Employees in 31-45 Age Group	42% of the workforce	Shows a strong core of mid-career, high-skill talent.

The company emphasizes a localized workforce, with 91% of its employees hired locally to meet regional needs and regulations.

Local workforce development is a key differentiator in securing international contracts and managing geopolitical risk. Halliburton's commitment to local hiring is substantial: as of 2024, 91% of the total workforce and 84% of managers are local to the countries where they work. This not only builds community trust but also ensures compliance with diverse regional labor laws and cultural norms.

This strategy also creates a more resilient operational model. By hiring local talent, the company reduces the cost and logistical complexity of expatriate assignments, which is a big win for the bottom line.

Talent attraction and retention are material risks, given the cyclical and high-skill nature of the energy services sector.

The cyclical nature of oil and gas creates a boom-and-bust hiring cycle that makes talent retention difficult. After years of increasing headcount, the company is facing a near-term challenge: reports from September 2025 indicate workforce reductions in response to a softer oilfield services market, with some divisions reportedly shedding between 20% and 40% of employees. This kind of volatility damages long-term talent pipelines.

To combat this, Halliburton focuses on career development and a strong culture to maintain its base of approximately 48,000 employees (2024/2025 estimate). The company uses a comprehensive online learning system, Learning Central, and offers structured development programs to retain its high-skill workforce.

• Invest in STEM education to build a future pipeline.
• Offer competitive compensation and health benefits.
• Use Employee Resource Groups (ERGs) to foster inclusion.
• Track employee engagement via biannual Pulse Surveys.

What this estimate hides is the emotional toll of layoffs, which can increase the churn risk among the remaining, highly valuable employees. Finance: monitor voluntary turnover rates in Q4 2025 to gauge the impact of recent workforce cuts.

Halliburton Company (HAL) - PESTLE Analysis: Technological factors

Automation is key: the Octiv Auto Frac system enables fully automated hydraulic fracturing operations.

You are seeing a fundamental shift from manual decision-making to autonomous control on the wellpad, and Halliburton Company is defintely leading this charge with its Octiv Auto Frac service. This system, part of the broader ZEUS intelligent fracturing platform, automates thousands of decisions during pumping, removing human variability and boosting consistency.

For example, in a North American deployment with Coterra Energy, the initial rollout in early 2025 delivered a 17% increase in stage efficiency. This kind of gain is huge because it cuts non-productive time (NPT) and gets you to first oil faster. The technology achieved an 88% decrease in wellhead rate setpoints per stage, dropping from an average of 31 in manual operations to just four with the automated system. This is simply better, more precise execution.

Here's the quick math on what that efficiency means for a continuous operation, based on a March 2025 performance analysis:

• Average hydraulic efficiency improved by 4.6% over manual.
• This translates to a 4.7-minute reduction in pumping time per stage.
• The result is a potential 151,500-barrel increase in monthly throughput for a high-intensity fracturing program.

The ZEUS electric fracturing pumping unit delivers up to 5,000 hydraulic horsepower, driving the shift to electric fleets.

The industry's move to electric fracturing (e-frac) is an economic and environmental imperative, and the ZEUS electric fracturing pumping unit is Halliburton's core technology here. Each unit consistently delivers 5,000 hydraulic horsepower (HHP), which is a powerful, sustained output that allows operators to use fewer pieces of equipment on site.

This shift to electric power eliminates the high maintenance and fuel costs of traditional diesel engines. For a simul-frac operation, the ZEUS platform can save an estimated $4 million in diesel cost per month, plus it reduces emissions by about 30% when paired with reciprocating engines. Plus, the physical footprint is smaller, which is a real operational benefit on a crowded pad.

The technology's performance metrics are compelling:

Metric	Value	Impact
Sustained Hydraulic Horsepower (HHP)	5,000 HHP per unit	Maximizes pump rate with fewer units.
Footprint Reduction	34% Reduced	Frees up valuable space on the wellpad.
Stage Transition Speed	30% Faster	Reduces non-productive time (NPT).
HHP Hours Pumped	11% More per month	Increases equipment utilization and revenue potential.

Digitalization is accelerating with the StreamStar wired drill pipe interface system for faster, real-time data flow downhole.

The future of drilling is real-time data, and the StreamStar wired drill pipe interface system, launched in late 2025, is a major step forward. It transforms the drill string into an intelligent network that delivers continuous, high-speed data and electrical power downhole, regardless of whether the pumps are running.

This instant, two-way communication allows for orchestrated closed-loop automation, which means the drilling system can execute commands and adjust the well path in real-time. This level of precision is critical for maximizing reservoir contact and reducing well construction time. The system also simplifies the bottomhole assembly (BHA) by minimizing the need for downhole generators and lithium batteries, improving overall reliability.

The system is engineered for demanding environments:

• Tool sizes range from 4.75-inch to 9.5-inch diameters.
• Maximum operating pressure is up to 25,000 psi.
• Maximum operating temperature reaches 302°F.

Halliburton Labs is actively incubating clean energy ventures, including a new commercial contract for direct lithium extraction (DLE) well design.

Halliburton is not just optimizing oil and gas; they are strategically positioning themselves in the energy transition space through Halliburton Labs. This is where they incubate and scale up clean energy ventures, using their deep subsurface and drilling expertise in new markets.

A concrete example from 2025 is the commercial contract secured with GeoFrame Energy for a geothermal and direct lithium extraction (DLE) project. Halliburton is planning and designing the first demonstration phase wells in the Smackover Formation in East Texas, with work slated to begin in late 2025. This move is a clear signal: the company is leveraging its core competencies-drilling and subsurface engineering-to capture value in the burgeoning critical minerals market, diversifying its revenue stream beyond hydrocarbons.

Halliburton Company (HAL) - PESTLE Analysis: Legal factors

The legal landscape for Halliburton is a complex, high-stakes patchwork of tightening environmental rules in the U.S. and intricate, evolving international sanctions. You need to understand that compliance isn't just a cost center; it's a necessary operational risk hedge, especially with the new methane fees coming into effect in 2025.

Compliance with the EPA's Clean Air Act is a significant cost, estimated at $47.3 million annually as of 2024.

The U.S. Environmental Protection Agency (EPA) is tightening its grip, particularly on methane emissions, which directly impacts Halliburton's North American operations. The Inflation Reduction Act (IRA) amended the Clean Air Act (CAA) to introduce a new Waste Emissions Charge on methane, which is a direct financial hit. For 2025, this charge increases to $1,200 per metric ton of methane emissions exceeding the 25,000 metric tons of CO2e threshold, up from $900 in 2024. This regulatory change is the primary driver behind the estimated annual compliance cost of $47.3 million for the company's air-related regulatory activities, a figure that is defintely under pressure to rise further in 2026 to $1,500 per metric ton.

Environmental regulatory compliance expenses increased by 18.7% in 2024 over 2023, reflecting a tightening regulatory environment.

Honestally, the 18.7% jump in environmental regulatory compliance expenses in 2024 over 2023 shows the clear trend. This increase reflects not just the new EPA fees, but also the rising costs of monitoring, reporting, and verification (MRV) systems needed to meet increasingly stringent federal and state-level mandates. For example, the EPA's 2024 methane rules (Quad Ob and Oc) imposed new requirements for monitoring flares and equipment leak repairs, even though some compliance deadlines were extended into 2025. This expense growth is a structural change, not a one-off event, and it directly pressures operating margins, especially in the Completion and Production segment.

Operations are exposed to complex international sanctions and trade controls across over 70 countries.

Halliburton is a global player, operating in more than 70 countries and employing people from 130 nationalities. This massive international footprint exposes the company to a constant, high-level risk from geopolitical shifts and trade controls. For instance, the company suspended all future business in Russia in March 2022 to comply with U.S. and international sanctions. In 2025, the risk is heightened with continued, aggressive use of trade controls against key energy-producing regions like Russia, Iran, Syria, and Venezuela. Plus, the statute of limitations for U.S. sanctions violations has been extended from five to ten years, which significantly increases the exposure and enforcement risk for historical conduct.

Here's a quick map of the key international legal risks:

• Russia: Complete business suspension to maintain sanctions compliance.
• Iran/Venezuela: High risk of new or expanded U.S. sanctions targeting petroleum exports and financial transactions.
• China: Growing U.S. trade controls on advanced technologies, impacting dual-use goods and components.
• Enforcement Risk: Increased statute of limitations to ten years for US sanctions violations.

The company must defintely navigate diverse state-level laws regarding hydraulic fracturing fluid disclosure and chemical stewardship.

In the U.S., the legal environment for hydraulic fracturing (fracking) is a state-by-state puzzle. While the industry benefits from the so-called 'Halliburton Loophole' (an exemption from the Safe Drinking Water Act), at least 28 states have enacted their own mandatory fluid disclosure laws. This means a one-size-fits-all compliance approach won't work.

The biggest challenge is the lack of consistency and the tightening of trade secret exemptions. For example, in Colorado, a 2022 state law (HB 22-1348) required full disclosure of chemicals. A June 2025 report estimated that operators injected 30 million pounds of unknown chemicals in the state due to non-compliance, highlighting a major regulatory gap and legal liability risk. Furthermore, in late 2025, Colorado's Energy & Carbon Management Commission (ECMC) issued notices of alleged violation to 10 companies for using prohibited toxic chemicals like 1,4-Dioxane in fracking fluid. This state-level scrutiny creates a significant legal and reputational risk for service providers like Halliburton.

Legal/Regulatory Area	2025 Impact/Risk	Key Financial/Operational Metric
EPA Clean Air Act (Methane Fee)	Increased compliance cost due to Waste Emissions Charge (WEC).	WEC rate rises to $1,200 per metric ton of methane in 2025.
International Sanctions (OFAC/EU)	Heightened enforcement risk and operational restrictions in 70+ countries.	Statute of limitations for U.S. sanctions violations extended to 10 years.
State-Level Fracking Disclosure	Navigating varying laws in at least 28 states, risking penalties for non-disclosure.	Colorado report estimated 30 million pounds of undisclosed chemicals injected due to non-compliance.

Finance: Draft a detailed risk matrix by Q1 2026, mapping the WEC liability against projected North American methane emissions.

Halliburton Company (HAL) - PESTLE Analysis: Environmental factors

GHG Emissions Reduction and Climate Goals

You need to see a clear path to lower carbon intensity, and Halliburton Company is signaling that shift with concrete, long-term targets. The company has committed to achieving a 40% reduction of its Scope 1 (direct) and Scope 2 (indirect from purchased energy) greenhouse gas (GHG) emissions by 2035, measured against a 2018 baseline. This isn't just a distant goal; the operational changes are already having an effect.

Here's the quick math: As of early 2025, Halliburton reported that its absolute Scope 1 and 2 emissions had dropped 29.3% compared to its 2019 base year, reaching 564,728 metric tons of CO2e. Still, the overall emissions intensity per operating hour has decreased by 16% since 2018, primarily due to investments in electric fracturing fleets. This is defintely a key metric to watch, as hydraulic fracturing accounts for roughly 80% of the company's carbon footprint. They are also partnering with Tier 1 suppliers to track and reduce Scope 3 emissions (value chain emissions), which is the next, harder step.

Active Involvement in Carbon Capture and Storage (CCS)

Halliburton is aggressively leveraging its subsurface expertise to secure major commercial contracts in new, low-carbon business lines, especially Carbon Capture and Storage (CCS). This is a pivot from merely decarbonizing their core services to building new energy frontiers. The company is positioning itself to capture a 15-20% market share in the carbon management market through its digital solutions, which is a significant commercial ambition.

The company is actively involved in Carbon Capture and Storage (CCS) projects, such as assessing potential offshore Australia. In March 2025, Halliburton was awarded the full technical assessment scope for the G-15-AP CCS Declaration of Storage Project offshore Western Australia. This project, a collaboration with InCapture, SK earthon Australia, and Carbon CQ, covers a permit area of over 6,500 km2 and aims for a commercial-scale launch by the end of the decade. Also, in August 2025, the company secured a contract for the UK's first major offshore CCS project with the Northern Endurance Partnership (a consortium including bp, Equinor, and TotalEnergies), demonstrating a global expansion of this service line.

Deployment of Electric Simul-Frac Fleets

Deployment of electric simul-frac fleets is reducing the carbon intensity of hydraulic fracturing operations for customers, which is critical since this activity dominates their carbon footprint. The shift to electric fracturing (e-frac) is a major technological and commercial move, offering customers a lower-carbon solution powered by distributed generation.

A landmark agreement, announced in late 2024 and deploying into 2025, saw Halliburton, Diamondback Energy, and VoltaGrid LLC partner to deploy four advanced electric simul-frac fleets across the Permian Basin. This is a large-scale commercial application of distributed power to decarbonize well completions. The key specifications of this deployment are:

• Integrates Halliburton's ZEUS™ 6,000-horsepower (HHP) all-electric fracturing technology.
• VoltaGrid delivers approximately 200 megawatts (MW) of electric power.
• The power generation systems are supported by a microgrid and expanded compressed natural gas (CNG) infrastructure.

Water Stewardship and Chemical Management

Water stewardship and chemical management are central to environmental risk mitigation in all drilling and completions activities. This focus reflects the high-risk nature of their operations and the increasing scrutiny from regulators and communities on resource use and chemical composition.

Halliburton manages these risks through specific programs and internal metrics. They utilize a Chemistry Scoring Index (CSI) to assess and compare the environmental risks associated with using their chemical products in oil and gas operations. All hydraulic fracturing fluid constituents comply with state laws and voluntary standards, and they use automated regulatory tracking alerts globally for chemical import and export transactions.

For water, the company has developed a water-use reduction toolkit, which was implemented in 2023 by their top water-consuming facilities in potentially water-stressed areas. This proactive approach helps manage a key operational and reputational risk. The overall environmental performance remains strong, as evidenced by the low Recordable Environmental Incident Rate:

Environmental Metric (2024 Data)	Value	Unit
Recordable Environmental Incident Rate	0.01	per 200k hours worked
Energy Use Reduction at Facilities	More than 42 million	kWh year over year
Generated Electricity from On-Site Solar	Over 12 million	kWh

What this estimate hides is the local impact; a single, major water-related incident could still cause significant reputational damage, even with a low overall incident rate.