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Cover and table of contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2025
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number 001-03492
HALLIBURTON COMPANY
(Exact name of registrant as specified in its charter)
| Delaware | 75-2677995 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 3000 North Sam Houston Parkway East, | Houston, | Texas | 77032 |
| (Address of principal executive offices) | (Zip Code) |
(281) 871-2699
(Registrant's telephone number, including area code)
| Securities registered pursuant to Section 12(b) of the Act: | ||
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, par value $2.50 per share | HAL | New York Stock Exchange |
| NYSE Texas | ||
| Securities registered pursuant to Section 12(g) of the Act: None |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
☒ Yes ☐No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
☐ Yes ☒No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
☒ Yes ☐No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to
Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was
required to submit such files).
☒ Yes ☐No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”
and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ | |
| Non-accelerated Filer | ☐ | Smaller Reporting Company | ☐ | |
| Emerging Growth Company | ☐ |
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its
internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public
accounting firm that prepared or issued its audit report. ☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒No
The aggregate market value of Halliburton Company Common Stock held by non-affiliates on June 30, 2025, determined using the per share
closing price on the New York Stock Exchange Composite tape of $20.38 on that date, was approximately $15.2 billion.
As of January 30, 2026, there were 837,548,345 shares of Halliburton Company Common Stock, $2.50 par value per share, outstanding.
Portions of the Halliburton Company Proxy Statement for our 2026 Annual Meeting of Shareholders (File No. 001-03492) are incorporated
by reference into Part III of this report.
i
HALLIBURTON COMPANY
Index to Form 10-K
For the Year Ended December 31, 2025
HAL 2025 FORM 10-K | 1
| Table of Contents | Item 1 | Business |
PART I
Item 1. Business.
Description of business and strategy
Halliburton Company (Halliburton) is one of the world's largest providers of products and services to the energy
industry. Its predecessor was established in 1919 and incorporated under the laws of the State of Delaware in 1924. Inspired by
the past and leading into the future, what started with a single product from a single location is now a global enterprise. Our
value proposition is to collaborate and engineer solutions to maximize asset value for our customers. We strive to achieve
strong cash flows and returns for our shareholders by delivering technology and services that improve efficiency, increase
recovery, and maximize production for our customers. Halliburton has fostered a culture of unparalleled service to the world's
major, national, and independent oil and natural gas producers. With over 46,000 employees, representing 146 nationalities in
more than 70 countries, we help our customers maximize asset value 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 throughout the life of the asset.
2025 Highlights
- Financial: Our total revenue decreased 3% in 2025 as compared to 2024. Our International revenue decreased 2%
and our North America revenue decreased 6% in 2025 compared to 2024. Overall, our Completion and Production
and Drilling and Evaluation operating segments finished the year with 17% and 15% operating margins,
respectively. We generated $2.9 billion of cash flows from operations and retired $382 million of our 3.8% notes
due November 2025.
- Capital efficiency: We developed technologies and made strategic choices that kept our capital expenditures at
approximately 6% of revenue, which matched our target.
- Shareholder returns: We returned $1.6 billion of capital to shareholders through dividends and share repurchases,
which is consistent with our capital returns framework.
- Sustainability: We continued progress toward a sustainable energy future by maintaining Halliburton Labs’ 38
participant and alumni organizations, and achieving the milestone of 50% of our North American fracturing fleet
transitioned to Zeus electric pumps.
2026 Focus
- International: Consistently increase international growth in directional drilling, unconventionals, well intervention,
and artificial lift businesses. Develop our strategic collaboration with VoltaGrid around behind-the-meter power
generation.
- North America: Maximize value by, among other things, utilizing our Zeus IQ electric fracturing platform, our
iCruise rotary steerable systems and LOGIX automation.
- Digital: Continue to drive differentiation and efficiencies through the deployment of digital and automation
technologies, both internally and for our customers.
- Capital efficiency: Maintain our capital expenditures at about $1.1 billion, while leveraging technology and
targeted process improvements to enhance utilization of existing capital.
- Shareholder returns: Return over 50% of annual free cash flow to shareholders through dividends and share
repurchases.
- Advance a Sustainable Energy Future: Continue to develop technologies and solutions to help lower our
customers’ and our emissions intensity, grow our low carbon energy business, and support Halliburton Labs early-
stage company participants.
For further discussion on our business strategies, see Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations – Business Environment and Results of Operations - Business Outlook.
Operating segments
We operate under two divisions, which form the basis for the two operating segments we report, the Completion and
Production segment and the Drilling and Evaluation segment.
Completion and Production delivers cementing, stimulation, specialty chemicals, intervention, pressure control,
artificial lift, completion products and services. The segment consists of the following product service lines:
-Artificial Lift: provides services to maximize reservoir and wellbore recovery by applying lifting technology,
intelligent field management solutions, and related services throughout the life of the well, including electrical
submersible pumps.
-Cementing: involves bonding the well and well casing while isolating fluid zones and maximizing wellbore stability.
Our cementing product service line also provides casing equipment.
HAL 2025 FORM 10-K | 2
| Table of Contents | Item 1 | Business |
-Completion Tools: provides downhole solutions and services to our customers to complete their wells, including
well completion products and services, intelligent well completions, liner hanger systems, sand control systems,
multilateral systems, and service tools.
-Multi-Chem: provides customized specialty chemicals and services for completion, production, midstream, and
downstream to optimize flow assurance and integrity. We have made a strategic decision to market for sale a portion
of our chemical business. We expect the sale to be completed in the first half of 2026.
-Pipeline & Process Services: provides a complete range of pre-commissioning, commissioning, maintenance, and
decommissioning services to the onshore and offshore pipeline and process plant construction commissioning and
maintenance industries.
-Production Enhancement: includes stimulation services and sand control services. Stimulation services optimize
reservoir production through a variety of pressure pumping services and chemical processes, commonly known as
hydraulic fracturing and acidizing. Sand control services include fluids and chemicals for the prevention of sand
production of unconsolidated reservoirs.
-Production Solutions: provides customized well intervention solutions to increase well performance, which includes
coiled tubing, hydraulic workover units, downhole tools, pumping services, and nitrogen services.
Drilling and Evaluation provides field and reservoir modeling, drilling, fluids, evaluation and precise wellbore
placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. The segment
consists of the following product service lines:
-Baroid: provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing
equipment, and waste management services for drilling wells, completion, and workover operations.
-Drill Bits and Services: provides roller cone bits, fixed cutter bits, hole enlargement and related downhole tools and
services used in drilling wells. In addition, coring equipment and services are provided to extract formation cores for
rock properties evaluation.
-Halliburton Project Management: provides integrated solutions by leveraging the full line of our well construction,
well completion, and well intervention services to solve customer challenges throughout the entire well lifecycle,
including project management and integrated asset management.
-Landmark Software and Services: provides cloud based digital services and artificial intelligence solutions on an
open architecture for subsurface insights, integrated well construction, and reservoir and production management.
-Sperry Drilling: provides drilling systems and services that offer directional control for precise wellbore placement
while providing important measurements about the characteristics of the drill string and geological formations while
drilling wells. These services include directional and horizontal drilling, measurement-while-drilling, logging-while-
drilling, surface data logging, and rig site information systems.
-Testing and Subsea: provides acquisition and analysis of dynamic reservoir information and reservoir optimization
solutions through a broad portfolio of well testing tools, data acquisition services, fluid sampling, surface well
testing, subsea safety systems via modular and scalable systems that simplify complex subsea operations and a range
of managed pressure drilling solutions like underbalanced drilling, rotating control devices and continuous
circulating systems.
-Wireline and Perforating: provides open-hole logging services that supply information on formation evaluation and
reservoir fluid analysis, including formation lithology, rock properties, and reservoir fluid properties. Also offered
are cased-hole and slickline services, including perforating, pipe recovery services, through-casing formation
evaluation and reservoir monitoring, casing and cement integrity measurements, and well intervention services.
HAL 2025 FORM 10-K | 3
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The following charts depict our revenue split between our two operating segments for the years ended December 31,
2025 and 2024.
2025 Revenue By S****egment
2024 Revenue By Segment
See Notes to Consolidated Financial Statements, Note 3 for further financial information related to each of our
business segments.
Markets and competition
We are one of the world’s largest diversified energy services companies. Our services and products are sold in highly
competitive markets throughout the world. Competitive factors impacting sales of our services and products include: price;
service delivery; health, safety, and environmental (HSE) standards and practices; service quality; global talent retention;
understanding the geological characteristics of the reservoir; product quality; and technical proficiency.
We conduct business worldwide in more than 70 countries. The business operations of our divisions are organized
around four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. In 2025,
2024, and 2023, based on the location of services provided and products sold 39%, 40%, and 44%, respectively, of our
consolidated revenue was from the United States (U.S.). No other country accounted for more than 10% of our consolidated
revenue during these periods. See Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations for additional information about our geographic operations. Because the markets for our services and products are
vast and cross numerous geographic lines, it is not practicable to provide a meaningful estimate of the total number of our
competitors. The industries we serve are highly competitive, and we have many substantial competitors. Most of our services
and products are marketed through our service and sales organizations.
The following charts depict our revenue split between our four primary geographic regions for the years ended
December 31, 2025 and 2024.
2025 Revenue By Region
2024 Revenue By Region
HAL 2025 FORM 10-K | 4
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Our operations in some countries and regions may be adversely affected by unsettled political conditions, acts of
terrorism, civil unrest, force majeure, war or other armed conflict, health or similar issues, sanctions, trade barriers and tariffs,
expropriation or other governmental actions, inflation, changes in foreign currency exchange rates, foreign currency exchange
restrictions and highly inflationary currencies, as well as other geopolitical factors. We believe the geographic diversification of
our business activities reduces the risk that an interruption of operations in any single country, other than the United States,
would be materially adverse to our business, consolidated results of operations, or consolidated financial condition.
Information regarding our exposure to foreign currency fluctuations, risk concentration, and financial instruments used
to minimize risk is included in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations – Financial Instrument Market Risk and Notes to Consolidated Financial Statements, Note 16.
Customers
Our revenue during the past three years was derived from the sale of services and products to the energy industry. No
single customer represented more than 10% of our consolidated revenue in any period presented.
Raw materials
Raw materials essential to our business are normally readily available. However, market conditions can trigger
constraints in the supply of certain raw materials, such as proppants (primarily sand), chemicals, metals, gels, and electronic
components (circuit boards). We are always striving to ensure the availability of resources and manage raw material costs. Our
procurement department uses our relationships and buying power to enhance our access to key materials at competitive prices.
Patents
We own a large number of patents and have pending a substantial number of patent applications covering various
products and processes. We are also licensed to utilize technology covered by patents owned by others, and we license others to
utilize technology covered by our patents. We do not consider any particular patent to be material to our business operations.
Seasonality
Weather and natural phenomena can temporarily affect the performance of our services, but the widespread
geographical locations of our operations mitigate those effects. Examples of how weather can impact our business include:
-the severity and duration of the winter in North America can have a significant impact on drilling activity and on
natural gas storage levels;
-the timing and duration of the spring thaw in Canada directly affects activity levels due to road restrictions;
-typhoons and hurricanes can disrupt coastal and offshore operations; and
-severe weather during the winter normally results in reduced activity levels in the North Sea.
Additionally, customer spending patterns for completion tools typically result in higher activity in the fourth quarter of
the year. We recognize revenue on customer software contract sales predominantly in the first and fourth quarters of the year.
Our workforce
Our workforce is our top asset in enabling us to accomplish innovative, high-quality work for our customers and to
address the world’s energy challenges. To attract and retain talent, we promote a safe and inclusive work environment along
with competitive benefits. As of December 31, 2025, we employed over 46,000 people worldwide representing 146
nationalities and operated in more than 70 countries, with approximately 22% of our employees subject to collective bargaining
agreements. Based upon the geographic diversification of our employees, we do not believe any risk of loss from employee
strikes or other collective actions are material to the continuation of our operations as a whole.
With our large employee base and global breadth, our workforce is diverse. Halliburton invests in local workforce
development with the aim of having a positive impact on communities where we work. In 2025, 91% of our workforce and
85% of management were on local terms in the countries where they work.
Recruiting and Turnover
Given the size and geographic scope of our workforce, we have a robust global talent management organization, which
includes personnel focused on recruiting and progressing talent across all levels of the new organization, with an emphasis on
retention and development. In 2025, we hired about 6,400 new employees and experienced modest voluntary turnover of 9%.
HAL 2025 FORM 10-K | 5
| Table of Contents | Item 1 | Business |
Leadership
The ongoing identification and development of leadership talent ensures business continuity and strengthens our
competitive advantage, both of which are critical for our short-term and long-term success. Our executive education programs
are one of our most significant investments in developing future leaders.
As part of our commitment to employee engagement, we invite employees to share anonymous feedback about
different topics including their performance, development, and work environment. Notably, according to a survey we conducted
in August 2025, 93% of responding employees would recommend Halliburton as a great place to work. This is especially
meaningful since 84% of our employees responded to the survey.
Benefits and well-being
Halliburton is committed to providing competitive benefit programs. Our benefit packages include comprehensive
medical coverage, life insurance, retirement plans, paid time off, emergency childcare, and third-party discounts. Our Global
Employee Assistance Program provides mental health and wellness related training and education for employees. In 2025, our
monthly Lessons for Life web series covered topics such as stress management and the importance of healthy sleeping habits.
We also conducted mental health awareness campaigns tailored to address employee needs in different geographies.
Safe**ty
Safety is a Halliburton core value. Our long-term safety programs and processes, including our Journey to ZERO
initiative, are tried, tested, and well-established, to maintain our strong performance and improve proactive identification and
management of safety risks. In 2025, the operational discipline of our Halliburton Management System and our focus on
execution enabled us to outperform our industry group HSE indicators. For the years ended December 31, 2025 and 2024, our
total recordable incident rates were 0.24 and 0.24 (incidents per 200,000 hours worked), lost-time incident rates were 0.07 and
0.06 (incidents per 200,000 hours worked), and preventable recordable vehicle incident rates were 0.07 and 0.06 (incidents per
million miles traveled), respectively.
Government regulation
We are subject to numerous environmental, legal, and regulatory requirements related to our operations worldwide.
For further information related to environmental matters and regulation, see Notes to Consolidated Financial Statements, Note
11 and Item 1(a). Risk Factors.
Hydraulic fracturing
Hydraulic fracturing is a process that creates fractures extending from the well bore into the rock formation to enable
natural gas or oil to move more easily from the rock pores to a production conduit. A significant portion of our Completion and
Production segment provides hydraulic fracturing services to customers developing shale natural gas and shale oil. From time to
time, questions arise about the scope of our operations in the shale natural gas and shale oil sectors, and the extent to which
these operations may affect human health and the environment.
At the direction of our customer, we design and generally implement a hydraulic fracturing operation to stimulate the
well’s production after the well has been drilled, cased, and cemented. Our customer is generally responsible for providing the
base fluid, usually water, used in the hydraulic fracturing of a well. We frequently supply the proppant (primarily sand) and at
least a portion of the additives used in the overall fracturing fluid mixture. In addition, we mix the additives and proppant with
the base fluid and pump the mixture down the wellbore to create the desired fractures in the target formation. The customer is
responsible for disposing or recycling for further use of any materials that are subsequently produced or pumped out of the well,
including flowback fluids and produced water.
As part of the process of constructing the well, the customer will take a number of steps designed to protect aquifers.
In particular, the casing and cementing of the well are designed to provide 'zonal isolation' so that the fluids pumped down the
wellbore and the oil and natural gas and other materials that are subsequently pumped out of the well will not come into contact
with shallow aquifers or other shallow formations through which those materials could potentially migrate to freshwater
aquifers or the surface.
HAL 2025 FORM 10-K | 6
| Table of Contents | Item 1 | Business |
The potential environmental impacts of hydraulic fracturing have been studied by numerous government entities and
others. In 2004, the United States Environmental Protection Agency (EPA) conducted an extensive study of hydraulic
fracturing practices, focusing on coalbed methane wells, and their potential effect on underground sources of drinking water.
The EPA’s study concluded that hydraulic fracturing of coalbed methane wells poses little or no threat to underground sources
of drinking water. In December 2016, the EPA released a final report, “Hydraulic Fracturing for Oil and Gas: Impacts from the
Hydraulic Fracturing Water Cycle on Drinking Water Resources in the United States” representing the culmination of a six-
year study requested by Congress. While the EPA report noted a potential for some impact to drinking water sources caused by
hydraulic fracturing, the agency confirmed the overall incidence of impacts is low. Moreover, a number of the areas of potential
impact identified in the report involve activities for which we are not generally responsible, such as potential impacts associated
with withdrawals of surface water for use as a base fluid and management of wastewater.
We have proactively developed processes to provide our customers with the chemical constituents of our hydraulic
fracturing fluids to enable our customers to comply with state laws as well as voluntary standards established by the Chemical
Disclosure Registry, www.fracfocus.org. We have invested considerable resources in developing hydraulic fracturing
technologies, in both the equipment and chemistry portions of our business, which offer our customers a variety of
environment-friendly options related to the use of hydraulic fracturing fluid additives and other aspects of our hydraulic
fracturing operations. We created a hydraulic fracturing fluid system comprised of materials sourced entirely from the food
industry. We are committed to the continued development of innovative chemical and mechanical technologies that allow for
more economical and environment-friendly development of the world’s oil and natural gas reserves, and that reduce noise while
complying with Tier 4 lower emission legislation.
In evaluating any environmental risks that may be associated with our hydraulic fracturing services, it is helpful to
understand the role that we play in the development of shale natural gas and shale oil. Our principal task generally is to manage
the process of injecting fracturing fluids into the borehole to stimulate the well. Thus, based on the provisions in our contracts
and applicable law, the primary environmental risks we face are potential pre-injection spills or releases of stored fracturing
fluids and potential spills or releases of fuel or other fluids associated with pumps, blenders, conveyors, or other above-ground
equipment used in the hydraulic fracturing process.
Although possible concerns have been raised about hydraulic fracturing, the circumstances described above have
helped to mitigate those concerns. To date, we have not been obligated to compensate any indemnified party for any
environmental liability arising directly from hydraulic fracturing, although there can be no assurance that such obligations or
liabilities will not arise in the future. For further information on risks related to hydraulic fracturing, see Item 1(a). Risk Factors.
Working capital
We fund our business operations through a combination of available cash and equivalents, short-term investments, and
cash flow generated from operations. In addition, our revolving credit facility is available for additional working capital needs.
Web site access - www.halliburton.com
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to
those reports filed or furnished to the Securities and Exchange Commission (SEC) pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 are available at www.halliburton.com soon thereafter. The SEC website www.sec.gov
contains our reports, proxy and information statements and our other SEC filings. Our Code of Business Conduct, which
applies to all our employees and Directors and serves as a code of ethics for our principal executive officer, principal financial
officer, principal accounting officer, and other persons performing similar functions, can be found at www.halliburton.com.
Any amendments to our Code of Business Conduct or any waivers from provisions of our Code of Business Conduct granted to
the specified officers above are also disclosed on our web site within four business days after the date of any amendment or
waiver pertaining to these officers. There have been no waivers from provisions of our Code of Business Conduct for the years
2025, 2024, or 2023. Except to the extent expressly stated otherwise, information contained on or accessible from our web site
or any other web site is not incorporated by reference into this annual report on Form 10-K and should not be considered part of
this report.
HAL 2025 FORM 10-K | 7
| Table of Contents | Item 1 | Business |
Executive Officers of the Registrant
The following table indicates the names and ages of the executive officers of Halliburton, as of February 6, 2026,
including all offices and positions held by each at Halliburton during the last five years:
| Name and Age | Offices Held and Term of Office | |
| Van H. Beckwith (Age 60) | Executive Vice President, Secretary, and Chief Legal Officer, since December 2020 | |
| Eric J. Carre (Age 59) | Executive Vice President and Chief Financial Officer, since May 2022 | |
| Executive Vice President, Global Business Lines, May 2016 to April 2022 | ||
| Stephanie S. Holzhauser (Age 46) | Senior Vice President and Chief Accounting Officer, since July 2025 | |
| Vice President, Finance, September 2021 to July 2025 | ||
| Senior Director, Global Business Lines, October 2014 to August 2021 | ||
| Timothy M. McKeon (Age 53) | Senior Vice President and Treasurer, since January 2022 | |
| Vice President and Treasurer, January 2014 to December 2021 | ||
| Jeffrey A. Miller (Age 62) | Chairman of the Board, President, and Chief Executive Officer, since January 2019 | |
| Lawrence J. Pope (Age 57) | Executive Vice President and Chief Administrative Officer, since January 2026 | |
| Executive Vice President of Administration and Chief Human Resources Officer, January 2008 to December 2025 | ||
| M. Casey Maxwell (Age 44) | President, Western Hemisphere, since February 2026 | |
| Senior Vice President, North America Land, July 2024 to January 2026 | ||
| Vice President, Argentina, July 2023 to June 2024 | ||
| Vice President, Permian Basin, January 2019 to June 2023 | ||
| Jill D. Sharp (Age 55) | Senior Vice President, Internal Assurance Services, since January 2022 | |
| Vice President, Internal Assurance Services, September 2021 to December 2021 | ||
| Vice President, Finance - Western Hemisphere, October 2016 to August 2021 | ||
| J. Shannon Slocum (Age 53) | Director, Executive Vice President and Chief Operating Officer, since January 2026 | |
| President, Eastern Hemisphere, March 2023 to December 2025 | ||
| Senior Vice President, Global Business Development and Marketing, January 2020 to February 2023 | ||
| Rami M. Yassine (Age 46) | President, Eastern Hemisphere, since January 2026 | |
| Senior Vice President, Middle East and North Africa, May 2024 to December 2025 | ||
| Senior Vice President, Drilling and Evaluation, January 2022 to April 2024 | ||
| Vice President, Sperry Drilling, January 2021 to December 2021 |
There are no family relationships between the executive officers of the registrant or between any director and any
executive officer of the registrant.
HAL 2025 FORM 10-K | 8
| Table of Contents | Item 1 | Business |
Directors of the Registrant
| Name | Title and company | |
| Abdulaziz F. Al Khayyal | Former Director and Senior Vice President of Industrial Relations, Saudi Aramco | |
| William E. Albrecht | President and CEO, Moncrief Energy, LLC | |
| M. Katherine Banks | Former President, Texas A&M University | |
| Alan M. Bennett | Former President and Chief Executive Officer, H&R Block, Inc. | |
| Earl M. Cummings | Managing Partner, MCM Houston Properties, LLC | |
| Murry S. Gerber | Former Executive Chairman of the Board, EQT Corporation | |
| Timothy A. Leach | Former Advisor to the Chief Executive Officer, ConocoPhillips | |
| Robert A. Malone | Executive Chairman, President and Chief Executive Officer, First Sonora Bancshares, and The First National Bank of Sonora, Texas (dba, Sonora Bank). | |
| Jefferey A. Miller | Chairman of the Board, President and Chief Executive Officer, Halliburton Company | |
| J. Shannon Slocum | Director, Executive Vice President and Chief Operating Officer, Halliburton Company | |
| Maurice S. Smith | Chairman, President & Chief Executive Officer, Health Care Service Corporation | |
| Janet L. Weiss | Former President, BP Alaska | |
| Tobi M. Edwards Young | General Counsel, Saronic Technologies | |
HAL 2025 FORM 10-K | 9
| Table of Contents | Item 1(a) | Risk Factors |
Next: Item 1. (a). Risk Factors.