Halliburton Company (HAL) Proxy filing summary

Executive summary

• Achieved $22.2 billion in revenue for 2025, with a 3% decrease from 2024; international revenue down 2%, North America down 6%. Returned $1.6 billion to shareholders, representing 85% of free cash flow, and maintained capital expenditures at 6% of revenue.

• Strategic priorities included international growth, maximizing North America value, digital and automation deployment, capital efficiency, shareholder returns, and advancing sustainable energy initiatives.

• Board and management engaged with shareholders representing 61% of shares, including major proxy advisors, to gather feedback on governance, compensation, and sustainability.

Voting matters and shareholder proposals

• Shareholders to vote on: election of 12 directors, ratification of KPMG LLP as auditor, advisory approval of executive compensation, amendment of Halliburton Energy Services, Inc. charter, amendment and restatement of Stock and Incentive Plan, and Employee Stock Purchase Plan.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of 12 nominees with diverse expertise in energy, finance, technology, and sustainability; 83% independence and average tenure of 7.3 years.

• Annual director elections, majority voting, proxy access, and mandatory retirement at age 75.

• Board committees: Audit, Compensation, Health, Safety & Environment, and Nominating & Corporate Governance—all comprised of independent directors.

• Lead Independent Director role established; regular board and committee evaluations and refreshment process in place.