Halliburton 2021 Annual & Sustainability Report Introduction 8 Accelerate Digital and Automation our oil and gas customers decarbonize their legacy production base, reduce water consumption, We advance digitalization and automation in all aspects produce less waste, and enhance efficiencies to of our business. In 2021, Halliburton 4.0 — our digital improve project economics. approach — accelerated the deployment and integration of digital and automation technologies within our own At the same time, we are on a parallel path to use our and our customers’ operations. As a result of increased existing technologies in renewable energy applications. digital adoption, we benefit from more intelligent, remote, This report highlights how Halliburton employs our autonomous, and environmentally friendly operations. technology in those adjacent markets. We showcase these advancements in this report. 2021 was the first full year of Halliburton Labs, our clean Increase Capital Efficiency energy accelerator. We have 12 participating companies, each of whom have access to our collaborative Halliburton focuses on driving capital efficiency across the environment in which entrepreneurs, academics, and balance sheet. This is consistent with our goal to deliver investors work together to advance cleaner and more significant free cash flow to shareholders. Research and affordable energy. Through Halliburton Labs, companies development and process changes allow us to build tools benefit from Halliburton’s more than 100 years of cheaper, lengthen their run life, and move assets to where industrial capabilities, technical expertise, and culture they make the best returns. Capital efficiency also allows of teamwork and mentorship. Through their work at for our many investments in health and safety, employees, Halliburton Labs, we — and our participating companies — diversity, equity, and inclusion, and the communities in plan to achieve results that make a significant impact on which we operate. clean energy’s future. Advance a Sustainable Into the Future Energy Future 2022 and beyond present enormous opportunity as the multi-year upcycle unfolds. We approach the future Finally, our strategy is to advance a sustainable energy with enthusiasm and resolve to execute on our value future. Our cycle of innovation includes sustainability, proposition: we collaborate and engineer solutions to and Halliburton’s global resources, leading engineering, maximize asset value for our customers. We are scientific and technical expertise, and more than a confident that our focus on technology differentiation, century of experience provide our customers with the digital adoption, and capital efficiency positions us for efficient and innovative tools and services to minimize the profitable growth internationally and maximizing value environmental impact of their oil and gas operations. This in North America. report contains many examples of technologies that help