Halliburton Company (HAL): Análise de Pestle [Jan-2025 Atualizada]

No mundo dinâmico dos serviços de energia, a Halliburton Company fica na encruzilhada de desafios globais e oportunidades transformadoras. Essa análise abrangente de pestles revela o intrincado cenário de fatores políticos, econômicos, sociológicos, tecnológicos, legais e ambientais que moldam a trajetória estratégica da empresa. De tensões geopolíticas em regiões ricas em petróleo à maré crescente de tecnologias de energia renovável, Halliburton navega em um terreno complexo que exige adaptabilidade e inovação sem precedentes. Mergulhe profundamente na análise multifacetada que revela como essa gigante da indústria confronta e aproveita as forças externas críticas que definem sua jornada corporativa.

Halliburton Company (HAL) - Análise de Pestle: Fatores Políticos

Tensões geopolíticas em regiões ricas em petróleo

A partir de 2024, Halliburton opera em 80 países, com exposição significativa a regiões politicamente voláteis. O Oriente Médio representa 35% das operações internacionais da empresa, incluindo Iraque, Emirados Árabes Unidos e Arábia Saudita.

Região	Índice de Risco Político	Impacto operacional
Médio Oriente	High (7.2/10)	Interrupção moderada
América do Norte	Baixo (2.1/10)	Interrupção mínima
Rússia/cis	Muito alto (8,5/10)	Interrupção significativa

Regulamentos do governo dos EUA

A Lei de Redução da Inflação de 2022 afeta diretamente as estratégias operacionais de Halliburton, com US $ 369 bilhões alocados para iniciativas de energia e clima.

• A Agência de Proteção Ambiental aumentou o escrutínio da permissão de perfuração em 42% em 2023
• Os regulamentos de emissões de metano exigem US $ 250 a US $ 500 milhões em investimentos em conformidade
• Mandatos de tecnologia de captura de carbono afetam 65% do portfólio de serviços de Halliburton

Sanções internacionais e políticas comerciais

As tensões geopolíticas atuais impactaram significativamente o acesso do mercado global de Halliburton, particularmente na Rússia e no Irã.

País	Sanções impactam	Perda de receita (2023)
Rússia	Saída completa do mercado	US $ 1,2 bilhão
Irã	Operações restritas	US $ 450 milhões

Instabilidade política nos mercados de energia

A volatilidade política nas regiões -chave cria desafios operacionais substanciais para Halliburton.

• As operações da Venezuela reduziram 90% devido à instabilidade política
• A presença do mercado da Líbia diminuiu de 15% para 3% desde 2020
• As tensões políticas da Nigéria resultaram em 25% de redução de receita

Halliburton Company (HAL) - Análise de Pestle: Fatores Econômicos

Flutuar os preços globais do petróleo impacto na receita e rentabilidade

O desempenho financeiro de Halliburton está diretamente ligado à dinâmica global de preços do petróleo. Em 2023, a Halliburton registrou receita total de US $ 20,41 bilhões, com receita líquida de US $ 1,75 bilhão. A sensibilidade da receita da empresa aos preços do petróleo é evidente em seu desempenho financeiro histórico.

Ano	Preço do petróleo de Brent (média)	Receita de Halliburton	Resultado líquido
2022	US $ 100,14 por barril	US $ 21,15 bilhões	US $ 2,39 bilhões
2023	US $ 81,41 por barril	US $ 20,41 bilhões	US $ 1,75 bilhão

Crise econômica e investimento de exploração de petróleo

As tendências de gastos com exploração e produção global (E&P) demonstram impacto econômico significativo:

Ano	Gastos globais de E&P	Variação percentual
2022	US $ 505 bilhões	+19.4%
2023	US $ 541 bilhões	+7.1%
2024 (projetado)	US $ 575 bilhões	+6.3%

Desafio de alternativas de energia renovável

O investimento em energia renovável continua a crescer, apresentando desafios competitivos:

Setor de energia	Investimento global 2023	Crescimento projetado
Energia renovável	US $ 495 bilhões	+12.7%
Óleo & Gás	US $ 541 bilhões	+7.1%

Recuperação econômica global e infraestrutura energética

Indicadores de desenvolvimento de infraestrutura energética:

• Investimento global de infraestrutura projetado em US $ 4,2 trilhões em 2024
• Gastos de infraestrutura energética estimados em US $ 678 bilhões
• Participação de mercado de Halliburton em serviços de energia: 22,5%

Região	Investimento de infraestrutura 2024	Alocação do setor energético
América do Norte	US $ 1,45 trilhão	US $ 245 bilhões
Médio Oriente	US $ 672 bilhões	US $ 187 bilhões
Ásia-Pacífico	US $ 1,1 trilhão	US $ 214 bilhões

Halliburton Company (HAL) - Análise de Pestle: Fatores sociais

A crescente consciência ambiental muda a percepção pública das indústrias de combustível fóssil

Em 2023, 73% dos investidores globais consideraram fatores ambientais, sociais e de governança (ESG) nas decisões de investimento. A Halliburton registrou US $ 1,3 bilhão em investimentos em tecnologia de baixo carbono durante 2022-2023.

Esg Métrica de Investimento	2022 Valor	2023 valor
Investimento em tecnologia de baixo carbono	US $ 680 milhões	US $ 620 milhões
Compromisso de redução de carbono	15% de redução	Redução de 22%

Diversidade e inclusão da força de trabalho se tornando crítica para a atração de talentos

A partir do quarto trimestre 2023, a composição da força de trabalho de Halliburton mostrou:

Categoria de diversidade	Percentagem
Mulheres na força de trabalho	24%
Minorias em funções de liderança	18%
Veteranos empregados	12%

Aumentando o foco na segurança do local de trabalho e no bem-estar dos funcionários

Em 2023, Halliburton informou:

• Taxa total de incidentes recordáveis: 0,62 por 200.000 horas de trabalho
• Investimento em programas de saúde dos funcionários: US $ 42 milhões
• Cobertura de apoio à saúde mental: 95% dos funcionários

Mudanças demográficas na força de trabalho energética requerem estratégias de recrutamento adaptativas

Distribuição da idade da força de trabalho em 2023:

Faixa etária	Percentagem
18-30 anos	28%
31-45 anos	42%
46-60 anos	25%
Mais de 60 anos	5%

Gastos médios anuais de recrutamento: US $ 67 milhões em 2023, com 35% alocados para plataformas de recrutamento digital.

Halliburton Company (HAL) - Análise de Pestle: Fatores tecnológicos

Tecnologias digitais avançadas transformando técnicas de exploração de petróleo e gás

Halliburton investiu US $ 389 milhões em pesquisa e desenvolvimento em 2022. A empresa implantou Plataforma de subsuperfície digital que integra tecnologias avançadas de imagem sísmica à análise de dados orientada por IA.

Tecnologia	Investimento ($ m)	Melhoria de eficiência (%)
Imagem sísmica	127	22.5
Simulação de reservatório	98	18.3
Mapeamento digital	84	16.7

Inteligência artificial e aprendizado de máquina Melhorando a eficiência operacional

As iniciativas de IA de Halliburton reduziram os custos operacionais em 17,3% em 2022. Os algoritmos de aprendizado de máquina processaram 2,4 petabytes de dados geológicos, aumentando a precisão da exploração.

Aplicação da IA	Redução de custos (%)	Dados processados ​​(petabytes)
Manutenção preditiva	12.6	1.1
Otimização de perfuração	15.7	0.9
Análise geológica	18.4	2.4

Crescente investimento em tecnologias de energia renovável e limpa

A Halliburton alocou US $ 276 milhões para as tecnologias de energia limpa em 2022, representando 7,2% do orçamento total de P&D. As tecnologias geotérmicas e de captura de carbono receberam foco significativo.

Segmento de energia limpa	Investimento ($ m)	Potencial de crescimento (%)
Geotérmica	89	15.6
Captura de carbono	112	22.3
Tecnologias de Hidrogênio	75	11.9

Automação e robótica melhorando processos de perfuração e extração

Halliburton implantou 247 robôs de perfuração autônomos em 2022. Os sistemas robóticos aumentaram a eficiência da perfuração em 24,6% e reduziram a intervenção humana em 33,2%.

Sistema robótico	Unidades implantadas	Melhoria de eficiência (%)
Robôs de perfuração autônomos	247	24.6
Automação de extração	186	19.3
Sistemas de monitoramento remoto	312	28.7

Halliburton Company (HAL) - Análise de Pestle: Fatores Legais

Regulamentos ambientais rigorosos afetam a conformidade operacional

A partir de 2024, Halliburton enfrenta Custos de conformidade da Lei do Ar Limpo da EPA estimados em US $ 47,3 milhões anualmente. As despesas de conformidade regulatória ambiental da Companhia aumentaram 18,7% em comparação com 2023.

Categoria de regulamentação	Custo de conformidade	Risco de penalidade
Regulamentos de ar limpo da EPA	US $ 47,3 milhões	Até US $ 350.000 por violação
Regulamentos de descarga de água	US $ 32,6 milhões	Até US $ 250.000 por incidente
Conformidade com gerenciamento de resíduos	US $ 25,4 milhões	Até US $ 175.000 por violação

Desafios legais contínuos relacionados às práticas de fraturamento hidráulico

Halliburton atualmente gerencia 37 Casos legais ativos relacionados a impactos ambientais de fraturamento hidráulico. Os possíveis custos de litígio são estimados em US $ 214,6 milhões.

Tipo de desafio legal	Número de casos	Despesas legais estimadas
Contaminação das águas subterrâneas	18 casos	US $ 96,3 milhões
Reivindicações de atividade sísmica	12 casos	US $ 63,5 milhões
Danos ambientais	7 casos	US $ 54,8 milhões

Estruturas regulatórias internacionais complexas em várias jurisdições

Halliburton opera sob Regulamentos em 24 países, com custos de conformidade atingindo US $ 89,7 milhões em 2024.

Região	Número de estruturas regulatórias	Custo de conformidade
América do Norte	7 estruturas	US $ 38,2 milhões
Médio Oriente	6 estruturas	US $ 27,5 milhões
Europa	5 estruturas	US $ 24,0 milhões

Questões potenciais de responsabilidade de incidentes ambientais e de segurança

Em 2024, a exposição potencial de responsabilidade de Halliburton para incidentes ambientais e de segurança é estimado em US $ 312,4 milhões.

Categoria de incidente	Número de incidentes	Responsabilidade potencial
Violações de segurança do trabalhador	22 incidentes	US $ 127,6 milhões
Danos ambientais	15 incidentes	US $ 98,3 milhões
Falha do equipamento	9 incidentes	US $ 86,5 milhões

Halliburton Company (HAL) - Análise de Pestle: Fatores Ambientais

Pressão crescente para reduzir as emissões de carbono e a pegada ambiental

Halliburton relatou o escopo 1 e 2 emissões de gases de efeito estufa de 4,1 milhões de toneladas métricas CO2E em 2022. A empresa se comprometeu a reduzir as emissões absolutas de gases de efeito estufa em 40% em 2035 a partir de 2021 níveis de linha de base.

Tipo de emissão	2022 emissões (toneladas métricas)	Alvo de redução
Escopo 1 emissões	2,7 milhões	Redução de 40% até 2035
Escopo 2 emissões	1,4 milhão	Redução de 40% até 2035

Crescendo investimentos em tecnologias de energia sustentável e verde

A Halliburton investiu US $ 104 milhões em pesquisa e desenvolvimento para tecnologias sustentáveis ​​em 2022. A Companhia desenvolveu 15 soluções de energia de baixo carbono, incluindo captura de carbono e tecnologias de hidrogênio.

Categoria de tecnologia	Número de soluções	Investimento em 2022
Captura de carbono	7	US $ 52 milhões
Tecnologias de Hidrogênio	5	US $ 35 milhões
Outras soluções de baixo carbono	3	US $ 17 milhões

Regulamentos de mudança climática que impulsionam adaptações operacionais

A Halliburton implementou 22 mudanças operacionais para cumprir os regulamentos ambientais em 45 países. A empresa gastou US $ 78 milhões em estratégias de conformidade regulatória e adaptação ambiental em 2022.

Foco aprimorado no gerenciamento de riscos ambientais e estratégias de mitigação

A Halliburton estabeleceu uma equipe dedicada ambiental, social e de governança (ESG) com 45 profissionais em período integral. A empresa realizou 127 avaliações de risco ambiental nas operações globais em 2022.

Atividade de gerenciamento de riscos	2022 Métricas
Avaliações de risco ambiental	127
Esg tamanho da equipe	45 profissionais
Investimentos de conformidade ambiental	US $ 78 milhões

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.