Halliburton 2021 Annual & Sustainability Report Governance 24 Local Content • Create a supply chain culture based on our continuous commitment to improvement. Strong, established relationships with local suppliers • Deliver supplier workshops, meetings, and visits. provide Halliburton with strategic and competitive advantages for our operations while expanding the Partnerships capacity and competency of national and local suppliers, • Develop long-term relationships with suppliers to create stimulating local economies, and promoting positive labor positive environments for local supplier development. practices. We work with governments and customers around the world in a legal and ethical manner to meet • Increase value for both suppliers and Halliburton local content targets, and we have achieved a high rate in terms of relationships, communication, cost, of spend with suppliers based in the regions in which our and SQ. operational activities take place. Additionally, Halliburton works with IPIECA and our Commitment to Local Communities in 2021: industry counterparts to standardize the measurement and reporting of local content globally for the oil and gas industry. An example of our activities is Australia, where we are a member of Supply Nation, an organization that helps companies allocate spend to the underused indigenous business sector through their database of indigenous 86% suppliers. Supply Nation also offers training to help companies develop their procurement policies on this Percentage of Spend with Local Suppliers initiative. Our 2021 activities with Supply Nation include: • Attending a training called First Step, which provides an overview on the relevance of allocating indigenous spend and discusses ways in which procurement organizations can increase indigenous spend. • Reporting our annual indigenous spend, which provides Supply Nation with insights to pursue ongoing advancements in the indigenous business sector. We also attended an event in the Australian Northern Territory (NT) held by the Energy Club NT to meet local The three elements of our local content strategy are: vendors, including indigenous vendors, and to explore processes, practices, and partnerships. opportunities for localizing spend. One of our customers, INPEX, sponsors this event, which enjoys participation Processes by various companies in the industry. • Provide opportunities, contracts, and feedback to local suppliers. Conflict Minerals • Implement a functional mailbox that is always accessible to enable new suppliers to contact As a member of the Responsible Minerals Initiative and and present their capabilities to the local in compliance with the U.S. Dodd-Frank Act, Halliburton procurement team. seeks to ensure that our suppliers source minerals in an ethical manner. In 2021, we identified 3,557 suppliers • Visit vendor facilities every month to meet new as subject to the Dodd-Frank Act and contacted them suppliers and develop relationships with as part of our Conflict Minerals campaign. We terminate existing suppliers. relationships with any suppliers who do not cooperate with Dodd-Frank compliance requirements. Practices • Clearly define Halliburton expectations and requirements for HSE and SQ.