About Halliburton Founded in 1919, Halliburton is one of the worlds largest providers of products and services to the energy industry. With more than 80,000 employees, representing 140 nationalities in over 80 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.Our BusinessHalliburton comprises 13 product service lines (PSLs). The PSLs operate in two divisions: Drilling and Evaluation, and Completion and Production. Our Consulting and Project Management PSL works across both divisions and is the spearhead of our integrated-services strategy. Its financial results are included in the Drilling and Evaluation Division. PSLs are primarily responsible and accountable for strategy, technology development, process development, people development and capital allocation.Drilling and Evaluation Division

BaroidSperry Drilling

Drill Bits and ServicesTesting and Subsea

Landmark Software and ServicesWireline and Perforating

Completion and Production Division

Artificial LiftMulti-Chem

CementingProduction Enhancement

Completion ToolsProduction Solutions

Supporting Both Divisions

Consulting and Project Management

Production Solutions The same legendary service, now with enhanced focus on providingcomplete well intervention, pressure control and pipeline solutions.Halliburton Production Solutions, formerly known as Boots & Coots, is a new product service linewith industry leading solutions.Operators today face many challenges. They need to improve returns from their assets; mitigate the decline of major fields; maximize well productivity; and operate efficiently, among others.Achieving these goals requiresunderstanding the reservoir and deploying customized technologies to improve production rates and completion efficiency. Customers are looking to partner with companies that can provide this breadth of technology and experience while being able to execute safely and efficiently in the field.As the name Production Solutions implies, our value proposition istoincrease ourfocusindeliveringcustomized intervention solutions to maximize production efficiency andultimate recovery.Halliburton Production Solutions will include the following sub-PSL's: Pressure Control, Pipeline and Process Services and Boots & Coots Well Control and Prevention Services.We are excited about our new name as it more clearly represents our unique breadth of capabilities to the market.

History

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the oil and gas industry. It employs more than 80,000 employees, representing 140 nationalities in over 80 countries.Halliburton's fascinating and proud history reveals a continuous focus on innovation and expansion that began with the company's founder, Erle P. Halliburton. After borrowing a wagon, a team of mules and a pump, he built a wooden mixing box and started an oil well cementing business in Duncan, Oklahoma.In the 1930s, Halliburton established its first research laboratories where the company tested cement mixes, began offering acidizing services to break down the resistance of limestone formations and increase the production of oil and gas, and performed its first offshore cementing job using a barge-mounted cementing unit at a rig in the Creole Field in the Gulf of Mexico. This was the beginning of what was to become the world's most extensive offshore service.Halliburton took the initial steps toward becoming a worldwide company in 1926. We sold five cementing units to an English company in Burma, the start of our Eastern Hemisphere operations, and Erle P. Halliburton sent his brothers to open our business in Alberta, Canada. We opened in Venezuela in 1940. By 1946, the company using its innovative technology had expanded into Colombia, Ecuador, Peru and the Middle East and began performing services for the Arabian-American Oil Company, the forerunner of Saudi Aramco.In 1951, Halliburton made its first appearance in Europe as Halliburton ItalianaSpA., a wholly owned subsidiary in Italy. In the next seven years, Halliburton launched Halliburton Company Germany GmbH, set up operations in Argentina and established a subsidiary in England.In 1984, Halliburton provided all of the well completion equipment for the first multiwell platform offshore China. Two years later, Halliburton became the first American company to perform an oilfield service job on the China mainlandThe final decade of the 20th century brought more changes and growth to Halliburton. The company opened a branch office in Moscow in 1991.The company realigned its work into Eastern and Western Hemisphere operations in 2006, and in 2007, divided its service offerings into two divisions: Completion and Production, and Drilling and Evaluation.

Vision and Mission Vision it defines who we are as a company and what we aspire to be and gives us an image of what success will look like. Halliburtons vision is: To be the preferred upstream service company for the development of global oil and gas assets.A preferred upstream service company: Builds a reputation for distinctive health, safety, environment and service quality performance through our emphasis on process assurance and process execution consistently wherever we work around the globe Maintains long-term sustainable customer relationships that meet the individual differences of a global client base Understands that the reservoir is the source of all value, and it has the resources and expertise to provide the right solutions to increasing access to hydrocarbons and striving to improve recovery Is a credible, reliable service provider that matches actions to words Is an effective innovator, applying technology that delivers results Is balanced geographically and in its portfolioto serve and support its customers cost effectively Epitomizes excellence in integration, using technology to link its global network to maximize results.Mission - it identifies what an organization does, why it does it and for whom.Halliburton's mission is:To create sustainable value for our stakeholders by safely delivering outstanding products, services and solutions that help our customers meet their technical and economic objectives in the exploitation of their energy resources.

Guiding Principles for Sustainable Business Deliver superior value for our shareholders by delivering superior growth, margins and returns, while strengthening our position for future growth. Conduct operations that are safe and have minimum impact on the environment Lead the industry in innovation, technology development, and conscientious stewardship of global resources Enhance the economic and social well-being of our employees and the communities in which we operate Be transparent in reporting and validating our progress Engage our stakeholders to help achieve results that are compatible with our stated principles

Strategy A strategy is a long-term plan of action, driven by what we are trying to achieve and our Companys purpose.Every year, Halliburton begins the strategic-planning process which is critical to the Companys long-term growth and sustainability. During the annual strategic-planning process, the Company maps out the three-year strategy focusing on developing the strategic plan, building a supporting financial plan, and developing a talent-management and succession plan.To remain successful, every Halliburton employee must fully commit understand the strategy and take ownership of its execution to meet the Companys strategic objectives.Halliburtons strategy is:To secure our leadership as an energy service company by leveraging our existing strengths; balancing our global platform of products, services, technology and markets; and establishing a distinctive competitive position that provides sustainable growth over time.Key Areas of Strategic FocusSafety and IntegrityBuild a reputation for distinctive health, safety, environment and service quality performance through our emphasis on process assurance and process execution consistently wherever we work around the globe.Key Solution ThemesDeliver on our key solution themes, which are the foundation of our superior growth. Unconventional Resources Mature Assets Deep WaterTechnology and InnovationInnovate at a faster rate and build a robust technology portfolio collaboratively with customers and suppliers to help our customers meet their technical objectives.Employee InvestmentInvest in our employees competency and development to drive superior performance.IntegrationIntegrate our activities, building cross-functional workflows to efficient delivery of integrated processes and projects that create value for our stakeholders.

Planning Process Halliburton Strategicand Financial Planning ProcessOur planning process typically commences in late September. We establish our strategic and financial plans concurrently with an end date culminating in an ExCom review in mid-November.The plan process commences with a market overview to provide key market informative drivers and expectations, and is accomplished by spending data for key accounts.An ExCom strategy assessment is also established to provide a quantitative assessment of progress towards Region and PSL strategic objectives.Following development of the plan during the month of October, a Hemisphere / Division alignment process is undertaken to ensure we have good alignment between needs, objectives, strategies and deliverables of the component parts of our business.The process culminates in a final ExCom strategic, financial and succession planning review. This is also accompanied by a global talent and succession review.Strategic Planning ToolsHalliburton has adopted a series of standard planning tools to aid in strategy development. This tools help in assessing external forces acting on our business, competitive analysis and prioritizing strategic activities.External Market AnalysisHalliburton subscribes to several sources of external market analysis which can be helpful in establishing assumptions for the planning process.