Stakeholder Engagement

Stakeholder Engagement

Halliburton maintains an ongoing outreach effort with a wide range of stakeholders to ensure that our Board of Directors and management receive valuable input and feedback about our business, sustainability priorities and programs. 

Our key stakeholders are our shareholders, customers, employees, suppliers, regulators, industry associations, local communities and non-governmental organizations (NGOs). 

Shareholders

Halliburton maintains regular and open communication with our shareholders to exchange information and gather feedback on the Company’s strategy and performance, corporate governance, compensation and sustainability topics. We provide information on key ESG issues through our annual reporting, shareholder meetings and quarterly earnings conference calls, as well as through one-on-one meetings. Our senior management and Investor Relations team also hold regular meetings and conference calls with analysts, institutional investors, ESG rating firms and others. A high level of engagement from shareholders and a shift to virtual formats due to the COVID-19 pandemic have enabled more shareholder interaction in 2020. Last year, Halliburton participated in 20 sell-side conferences and three roadshows, and held over 380 investor meetings. During proxy season engagement, we contacted shareholders who collectively hold almost 50 percent of our outstanding common stock. We also met with many of those shareholders who collectively represented 28 percent of our outstanding shares. 

Customers

Our business development teams and product service lines (PSLs) engage with our customers on a continuous basis to understand their needs and concerns, including sustainability issues. This input is critical to the investments we make in research and development for new products and services, and to continually improve existing solutions. Our customer engagement helps us to develop long-term relationships for the efficient and sustainable production of oil and gas. Customer engagement also allows us to meet the challenge of transitioning to a lower-carbon future.

Trade Associations and Committees

In 2020, Halliburton memberships and committee participation included:

  • American Petroleum Institute – Members of numerous committees, including the Climate Change Working Group and CEO member of the Executive Committee of the Board of Directors 

  • Greater Houston Partnership – Board member
  • National Ocean Industries Association
  • Society of Petroleum Engineers (SPE) – Technical committees and HSE-SR committees, including memberships in the environmental and social responsibility
    sub-committees

  • International Petroleum Industry Environmental Conservation Association (IPIECA) – Reporting, Carbon Capture and Storage, Fuel, Human Rights, Supply Chain and Sustainable Development Goal (SDG) working groups
  • National Petroleum Council – Supporting member and sponsor of the Carbon Capture, Use and Storage (CCUS) Feasibility Report

  • Petroleum Equipment and Services Association – Board member, Chair of the Government Affairs Committee, and an ESG Committee member

  • World Affairs Council of Houston

  • International Association of Drilling Contractors

  • Independent Petroleum Association of America

  • National Association of Manufacturers

  • World Petroleum Council

Employees

Our employees are the Company’s most important asset, and we work to increase employee engagement through a broad range of initiatives. We gather input through personal check-ins, workshops, performance feedback, Employee Resource Groups (ERGs), our semi-annual Talent Identification Survey and Employee Pulse Surveys. In the second half of 2020, we achieved our highest response rate to our Employee Pulse Survey, which provides important data and direct feedback for management that are used to enhance our workplace. Leaders are responsible for reviewing aggregated survey results and communicating with direct reports as part of ongoing coaching and development. In addition, our Human Resources team collaborates with managers to help interpret and advise on these results and to create positive change. 

Suppliers

As a global provider of oil and gas services, we engage with a multitude of global suppliers to cultivate and maintain beneficial long-term relationships. We interact with our suppliers on a continuous basis to obtain feedback and ensure collaboration on key issues, including worker health and safety procedures, human rights compliance, and reduction of environmental impact. We engage, on an ongoing basis, with our suppliers through regular communication, meetings, workshops and training sessions. 

Regulators

We engage with governmental agencies and regulators that are responsible for developing regulatory standards to protect the environmental, social and economic fabric of the countries in which we live and work. Halliburton Government Affairs works with government officials and policy makers to provide in-depth information on our business, educate them on our technologies and products, and collaborate on issues that are important to our customers, employees and other stakeholders.  

Industry Associations

Halliburton is an active member of industry trade associations and organizations that focus on developing industry best practices, providing education, and improving understanding of what the oil and gas industry is doing to reduce sustainability impacts. We engage by participating in committees and forums to collaborate on ESG issues that address common challenges and create industry-wide standards with our customers and our peers. 

Local Communities and NGOs

We engage on a continuous basis with the local communities in which we live and work, including regular meetings with community groups and NGOs in countries across the globe to better understand their needs and concerns. We work directly with NGOs and non-profit organizations, and volunteer for programs on environmental cleanup and awareness, education, disease research and social services. We also support community organizations through corporate donations and from our charitable foundation. By engaging with these stakeholders, we enhance the economic and social well-being of our communities.