Halliburton Company (HAL) Proxy Filing summary

Executive summary

• Achieved $22.9 billion in 2024 revenue; international business grew 6% while North America declined 8% but outperformed rig count and completion activity.

• Returned $1.6 billion to shareholders via dividends and buybacks; reduced gross debt by $100 million.

• Strategic priorities for 2025 include profitable international growth, capital efficiency, digital/automation deployment, and advancing cleaner energy.

• Board recommends voting for all director nominees, KPMG as auditor, and advisory approval of executive compensation.

Voting matters and shareholder proposals

• Shareholders to vote on election of 11 directors, ratification of KPMG as auditor, and advisory say-on-pay for executive compensation.

• Board recommends voting FOR all proposals.

• Shareholder proposals and nominations must follow advance notice and proxy access procedures.

Board of directors and corporate governance

• Board consists of 11 members, 91% independent, with an average tenure of 8.3 years and diverse expertise in energy, finance, technology, and sustainability.

• Annual director elections, majority voting, mandatory retirement at 75, and no poison pill.

• Lead Independent Director role ensures objectivity; all committees are fully independent.

• Board refreshment ongoing, with recent additions to enhance skills and diversity.

• Rigorous annual board and director evaluation process; all directors attended at least 94% of meetings.