Halliburton 2021 Annual & Sustainability Report Environmental 46 Halliburton Labs Halliburton Labs gives early-stage, clean-tech companies access to our world-class facilities, technical and scientific experience, and business network. Halliburton Labs is a collaborative environment in which entrepreneurs, academics, investors, and industrial labs come together to advance cleaner, affordable energy. Halliburton Labs also is a clean-tech accelerator. Participating companies take part in a 12-month program in which they can benefit from our vast, global resources that include knowledgeable and experienced personnel who cross a range of disciplines as well as an established infrastructure. Halliburton Labs helps these companies with a variety of services, such as: • Introductions to investors and potential customers • Development of supplier networks, using our broad For Halliburton, other benefits of Halliburton Labs include: supply base • Design of manufacturing processes, with a key focus • Strategic value in working closely with people, on HSE companies, and new technologies with the potential for • Cost reductions for manufactured products high growth as the energy industry changes While some offer a corporate venture capital model, • Ability to understand the development of new value Halliburton is unique for our founder-friendly environment chains associated with the energy transition and for granting companies regular access to our • Opportunity to evaluate how we can best use our core corporate campus, industrial facilities, executives, and competencies to accelerate cleaner, affordable energy subject matter experts. These elements are essential solutions and earn returns in new markets to reduce friction points, enhance collaboration, and increase the probability of each company’s success. Halliburton Labs is a low-risk, low-capital endeavor for us, and yet this initiative is critical for delivering the support Halliburton Labs is a unique that participants require to progress beyond their initial front door to engage with the years and to make a positive, lasting impact on the world around us. innovative companies and people who are ready to scale solutions for clean, affordable energy. To learn more about this endeavor, please visit the Halliburton Labs website.