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001-03492
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No. 75-2677995
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(Commission File Number)
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(IRS Employer Identification No.)
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3000 North Sam Houston Parkway East
Houston, Texas
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77032
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(Address of Principal Executive Offices)
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(Zip Code)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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·
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Halliburton was awarded a three-year contract by Chevron to provide integrated services for shale natural gas exploration in Poland. Under this contract, Halliburton will provide directional drilling, mud logging, cementing, coiled tubing, slickline, well testing, hydraulic fracturing, and completion equipment and services. Halliburton’s Consulting and Project Management team will support the project. Drilling is scheduled to begin in the fourth quarter of 2011.
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·
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Halliburton invests considerable time, energy, and resources in engineering solutions that set new standards for environmental safety – all while helping our customers do more by using less. The CleanSuite™ services are the latest in a long line of developments designed to reduce the environmental footprint of hydraulic fracturing operations. Recent achievements for CleanSuite™ technologies include the following:
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|
o
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Halliburton and El Paso Corporation announced that an El Paso-operated well in North Louisiana is the first natural gas producing well to be completed using all three Halliburton proprietary CleanSuite™ production enhancement technologies for both hydraulic fracturing and water treatment. More than four million gallons of CleanStim® hydraulic fracturing fluid, comprised of ingredients sourced from the food industry, were utilized to enhance the well and resulted in faster production of natural gas. Nearly 4.8 million gallons of water were treated through Halliburton’s CleanStream® process, which uses UV light instead of additives to control bacteria in water. Another one million gallons of produced water was recycled for use in the well through the CleanWave™ system, significantly reducing the need for freshwater.
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|
o
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Halliburton's CleanWave™ water treatment technology was recognized with the Spotlight on New Technology Award at the 2011 Offshore Technology Conference. The awards program is designed to showcase the latest and most advanced technologies that are leading the industry into the future. Year to date, we have treated over 47 million gallons of fracture flowback water or produced water with this technology.
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·
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Deepwater is the most challenging and expensive environment in which our customers operate. Recent technological developments by Halliburton that help improve our customers’ economics by providing more effective reservoir performance information include:
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|
o
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DynaLink® – Halliburton’s proven, two-way wireless acoustic telemetry system – now has the added capability to control downhole test tools from the surface during drillstem testing operations while transmitting real-time bottomhole pressure and temperature data. This data, along with acoustic actuation of test tools, provides operators the benefit of changing the pre-defined well testing program based on reservoir response while testing. This technology was recently deployed successfully in deepwater wells in Mexico and Brazil.
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o
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The 4 Phase Vertical Test Separator is another step change improvement in deepwater well testing. First, the system eliminates the need for traditionally bulky and costly sand-handling equipment and the inherent operational difficulties associated with it. Second, it streamlines rig operations by eliminating costly rig time associated with the removal of produced solids. The Halliburton 4 Phase Vertical Test Separator recently demonstrated noteworthy time and cost savings for an operator in Brazil.
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·
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Realm Energy International Corporation has contracted Halliburton’s Consulting and Project Management team to work with Realm Energy to significantly expand the technical evaluation and ranking of the highest-potential shale deposits found in emerging prospective basins globally. Realm Energy and Halliburton’s Consulting and Project Management team began their collaboration in 2009 with an emphasis on European basins. During this initial effort 10 discrete sedimentary basins in four European countries were targeted for evaluation. The collaboration identified key prospect trends, and Realm has now successfully acquired 650,000 gross acres and has filed government applications for 4.4 million acres of contiguous tracts over significant shale resources.
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|
Three Months Ended
|
||||||||||||
|
June 30
|
March 31
|
|||||||||||
|
2011
|
2010
|
2011
|
||||||||||
|
Revenue:
Completion and Production
|
$ | 3,618 | $ | 2,393 | $ | 3,172 | ||||||
|
Drilling and Evaluation
|
2,317 | 1,994 | 2,110 | |||||||||
|
Total revenue
|
$ | 5,935 | $ | 4,387 | $ | 5,282 | ||||||
|
Operating income:
|
||||||||||||
|
Completion and Production
|
$ | 918 | $ | 497 | $ | 660 | ||||||
|
Drilling and Evaluation
|
324 | 318 | 230 | |||||||||
|
Corporate and other
|
(81 | ) | (53 | ) | (76 | ) | ||||||
|
Total operating income
|
1,161 | 762 | 814 | |||||||||
|
Interest expense, net of interest income of $2, $3, and $1
|
(63 | ) | (76 | ) | (69 | ) | ||||||
|
Other, net
|
(5 | ) | (9 | ) | (4 | ) | ||||||
|
Income from continuing operations before income taxes
|
1,093 | 677 | 741 | |||||||||
|
Provision for income taxes
|
(352 | ) | (200 | ) | (229 | ) | ||||||
|
Income from continuing operations
|
741 | 477 | 512 | |||||||||
|
Income (loss) from discontinued operations, net
|
– | 6 | (1 | ) | ||||||||
|
Net income
|
$ | 741 | $ | 483 | $ | 511 | ||||||
|
Noncontrolling interest in net income of subsidiaries
|
(2 | ) | (3 | ) | – | |||||||
|
Net income attributable to company
|
$ | 739 | $ | 480 | $ | 511 | ||||||
|
Amounts attributable to company shareholders:
|
||||||||||||
|
Income from continuing operations
|
$ | 739 | $ | 474 | $ | 512 | ||||||
|
Income (loss) from discontinued operations, net
|
– | 6 | (1 | ) | ||||||||
|
Net income attributable to company
|
$ | 739 | $ | 480 | $ | 511 | ||||||
|
Basic income per share attributable to company
|
||||||||||||
|
shareholders:
|
||||||||||||
|
Income from continuing operations
|
$ | 0.81 | $ | 0.52 | $ | 0.56 | ||||||
|
Income (loss) from discontinued operations, net
|
– | 0.01 | – | |||||||||
|
Net income per share
|
$ | 0.81 | $ | 0.53 | $ | 0.56 | ||||||
|
Diluted income per share attributable to company
|
||||||||||||
|
shareholders:
|
||||||||||||
|
Income from continuing operations
|
$ | 0.80 | $ | 0.52 | $ | 0.56 | ||||||
|
Income (loss) from discontinued operations, net
|
– | 0.01 | – | |||||||||
|
Net income per share
|
$ | 0.80 | $ | 0.53 | $ | 0.56 | ||||||
|
Basic weighted average common shares outstanding
|
916 | 906 | 914 | |||||||||
|
Diluted weighted average common shares outstanding
|
921 | 909 | 919 | |||||||||
|
Six Months Ended June 30
|
||||||||
|
2011
|
2010
|
|||||||
|
Revenue:
|
||||||||
|
Completion and Production
|
$ | 6,790 | $ | 4,357 | ||||
|
Drilling and Evaluation
|
4,427 | 3,791 | ||||||
|
Total revenue
|
$ | 11,217 | $ | 8,148 | ||||
|
Operating income:
|
||||||||
|
Completion and Production
|
$ | 1,578 | $ | 735 | ||||
|
Drilling and Evaluation
|
554 | 588 | ||||||
|
Corporate and other
|
(157 | ) | (112 | ) | ||||
|
Total operating income
|
1,975 | 1,211 | ||||||
|
Interest expense, net of interest income of $3 and $6
|
(132 | ) | (152 | ) | ||||
|
Other, net
|
(9 | ) | (49 | )(a) | ||||
|
Income from continuing operations before income taxes
|
1,834 | 1,010 | ||||||
|
Provision for income taxes
|
(581 | ) | (321 | )(b) | ||||
|
Income from continuing operations
|
1,253 | 689 | ||||||
|
Income (loss) from discontinued operations, net
|
(1 | ) | 1 | |||||
|
Net income
|
$ | 1,252 | $ | 690 | ||||
|
Noncontrolling interest in net income of subsidiaries
|
(2 | ) | (4 | ) | ||||
|
Net income attributable to company
|
$ | 1,250 | $ | 686 | ||||
|
Amounts attributable to company shareholders:
|
||||||||
|
Income from continuing operations
|
$ | 1,251 | $ | 685 | ||||
|
Income (loss) from discontinued operations, net
|
(1 | ) | 1 | |||||
|
Net income attributable to company
|
$ | 1,250 | $ | 686 | ||||
|
Basic income per share attributable to company
|
||||||||
|
shareholders:
|
||||||||
|
Income from continuing operations
|
$ | 1.37 | $ | 0.76 | ||||
|
Income (loss) from discontinued operations, net
|
– | – | ||||||
|
Net income per share
|
$ | 1.37 | $ | 0.76 | ||||
|
Diluted income per share attributable to company
|
||||||||
|
shareholders:
|
||||||||
|
Income from continuing operations
|
$ | 1.36 | $ | 0.75 | ||||
|
Income (loss) from discontinued operations, net
|
– | 0.01 | ||||||
|
Net income per share
|
$ | 1.36 | $ | 0.76 | ||||
|
Basic weighted average common shares outstanding
|
915 | 906 | ||||||
|
Diluted weighted average common shares outstanding
|
920 | 908 | ||||||
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(a)
|
Includes, among other items, a $31 million non-tax deductible, foreign currency loss associated with the devaluation of the Venezuelan Bolívar Fuerte.
|
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(b)
|
Includes $10 million of additional tax expense for local Venezuelan income tax purposes as a result of a taxable gain created by the devaluation of the Bolívar Fuerte on Halliburton’s net United States dollar-denominated monetary assets and liabilities in Venezuela.
|
|
(Unaudited)
|
||||||||
|
June 30
|
December 31
|
|||||||
|
2011
|
2010
|
|||||||
|
Assets
|
||||||||
|
Current assets:
|
||||||||
|
Cash and equivalents
|
$ | 1,438 | $ | 1,398 | ||||
|
Receivables, net
|
4,448 | 3,924 | ||||||
|
Inventories, net
|
2,235 | 1,940 | ||||||
|
Investments in marketable securities
|
451 | 653 | ||||||
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Other current assets
|
968 | 971 | ||||||
|
Total current assets
|
9,540 | 8,886 | ||||||
|
Property, plant, and equipment, net
|
7,626 | 6,842 | ||||||
|
Goodwill
|
1,369 | 1,315 | ||||||
|
Other assets
|
1,421 | 1,254 | ||||||
|
Total assets
|
$ | 19,956 | $ | 18,297 | ||||
|
Liabilities and Shareholders’ Equity
|
||||||||
|
Current liabilities:
|
||||||||
|
Accounts payable
|
$ | 1,554 | $ | 1,139 | ||||
|
Accrued employee compensation and benefits
|
706 | 716 | ||||||
|
Other current liabilities
|
906 | 902 | ||||||
|
Total current liabilities
|
3,166 | 2,757 | ||||||
|
Long-term debt
|
3,824 | 3,824 | ||||||
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Other liabilities
|
1,308 | 1,329 | ||||||
|
Total liabilities
|
8,298 | 7,910 | ||||||
|
Company’s shareholders’ equity
|
11,642 | 10,373 | ||||||
|
Noncontrolling interest in consolidated subsidiaries
|
16 | 14 | ||||||
|
Total shareholders’ equity
|
11,658 | 10,387 | ||||||
|
Total liabilities and shareholders’ equity
|
$ | 19,956 | $ | 18,297 | ||||
|
Six Months Ended
|
||||||||
|
June 30
|
||||||||
|
2011
|
2010
|
|||||||
|
Cash flows from operating activities:
|
||||||||
|
Net income
|
$ | 1,252 | $ | 690 | ||||
|
Adjustments to reconcile net income to net cash flows from operating activities:
|
||||||||
|
Depreciation, depletion, and amortization
|
651 | 533 | ||||||
|
Payments related to KBR TSKJ matters
|
(6 | ) | (94 | ) | ||||
|
Other, primarily working capital
|
(509 | ) | (321 | ) | ||||
|
Total cash flows from operating activities
|
1,388 | 808 | ||||||
|
Cash flows from investing activities:
|
||||||||
|
Capital expenditures
|
(1,423 | ) | (855 | ) | ||||
|
Sales of marketable securities
|
701 | 550 | ||||||
|
Purchases of marketable securities
|
(501 | ) | (1,182 | ) | ||||
|
Other
|
(20 | ) | (108 | ) | ||||
|
Total cash flows from investing activities
|
(1,243 | ) | (1,595 | ) | ||||
|
Cash flows from financing activities:
|
||||||||
|
Payments of dividends to shareholders
|
(165 | ) | (163 | ) | ||||
|
Other
|
80 | 45 | ||||||
|
Total cash flows from financing activities
|
(85 | ) | (118 | ) | ||||
|
Effect of exchange rate changes on cash
|
(20 | ) | (17 | ) | ||||
|
Increase (decrease) in cash and equivalents
|
40 | (922 | ) | |||||
|
Cash and equivalents at beginning of period
|
1,398 | 2,082 | ||||||
|
Cash and equivalents at end of period
|
$ | 1,438 | $ | 1,160 | ||||
|
Three Months Ended
|
||||||||||||
|
June 30
|
March 31
|
|||||||||||
|
Revenue by geographic region:
|
2011
|
2010
|
2011
|
|||||||||
|
Completion and Production:
|
||||||||||||
|
North America
|
$ | 2,588 | $ | 1,434 | $ | 2,221 | ||||||
|
Latin America
|
268 | 212 | 240 | |||||||||
|
Europe/Africa/CIS
|
415 | 459 | 401 | |||||||||
|
Middle East/Asia
|
347 | 288 | 310 | |||||||||
|
Total
|
3,618 | 2,393 | 3,172 | |||||||||
|
Drilling and Evaluation:
|
||||||||||||
|
North America
|
857 | 677 | 761 | |||||||||
|
Latin America
|
419 | 355 | 372 | |||||||||
|
Europe/Africa/CIS
|
554 | 522 | 510 | |||||||||
|
Middle East/Asia
|
487 | 440 | 467 | |||||||||
|
Total
|
2,317 | 1,994 | 2,110 | |||||||||
|
Total revenue by region:
|
||||||||||||
|
North America
|
3,445 | 2,111 | 2,982 | |||||||||
|
Latin America
|
687 | 567 | 612 | |||||||||
|
Europe/Africa/CIS
|
969 | 981 | 911 | |||||||||
|
Middle East/Asia
|
834 | 728 | 777 | |||||||||
|
Operating income (loss) by geographic region
|
||||||||||||
|
(excluding Corporate and other):
|
||||||||||||
|
Completion and Production:
|
||||||||||||
|
North America
|
$ | 827 | $ | 310 | $ | 614 | ||||||
|
Latin America
|
29 | 34 | 36 | |||||||||
|
Europe/Africa/CIS
|
15 | 95 | (26 | ) | ||||||||
|
Middle East/Asia
|
47 | 58 | 36 | |||||||||
|
Total
|
918 | 497 | 660 | |||||||||
|
Drilling and Evaluation:
|
||||||||||||
|
North America
|
170 | 131 | 118 | |||||||||
|
Latin America
|
52 | 55 | 40 | |||||||||
|
Europe/Africa/CIS
|
53 | 53 | 22 | |||||||||
|
Middle East/Asia
|
49 | 79 | 50 | |||||||||
|
Total
|
324 | 318 | 230 | |||||||||
|
Total operating income (loss) by region:
|
||||||||||||
|
North America
|
997 | 441 | 732 | |||||||||
|
Latin America
|
81 | 89 | 76 | |||||||||
|
Europe/Africa/CIS
|
68 | 148 | (4 | ) | ||||||||
|
Middle East/Asia
|
96 | 137 | 86 | |||||||||
|
|
HALLIBURTON COMPANY
|
|
|
Revenue and Operating Income Comparison
|
|
|
By Segment and Geographic Region
|
|
|
(Millions of dollars)
|
|
|
(Unaudited)
|
|
Six Months Ended June 30
|
||||||||
|
Revenue by geographic region:
|
2011
|
2010
|
||||||
|
Completion and Production:
|
||||||||
|
North America
|
$ | 4,809 | $ | 2,559 | ||||
|
Latin America
|
508 | 414 | ||||||
|
Europe/Africa/CIS
|
816 | 844 | ||||||
|
Middle East/Asia
|
657 | 540 | ||||||
|
Total
|
6,790 | 4,357 | ||||||
|
Drilling and Evaluation:
|
||||||||
|
North America
|
1,618 | 1,256 | ||||||
|
Latin America
|
791 | 648 | ||||||
|
Europe/Africa/CIS
|
1,064 | 1,057 | ||||||
|
Middle East/Asia
|
954 | 830 | ||||||
|
Total
|
4,427 | 3,791 | ||||||
|
Total by revenue by region:
|
||||||||
|
North America
|
6,427 | 3,815 | ||||||
|
Latin America
|
1,299 | 1,062 | ||||||
|
Europe/Africa/CIS
|
1,880 | 1,901 | ||||||
|
Middle East/Asia
|
1,611 | 1,370 | ||||||
|
Operating income (loss) by geographic region
|
||||||||
|
(excluding Corporate and other):
|
||||||||
|
Completion and Production:
|
||||||||
|
North America
|
$ | 1,441 | $ | 447 | ||||
|
Latin America
|
65 | 63 | ||||||
|
Europe/Africa/CIS
|
(11 | ) | 134 | |||||
|
Middle East/Asia
|
83 | 91 | ||||||
|
Total
|
1,578 | 735 | ||||||
|
Drilling and Evaluation:
|
||||||||
|
North America
|
288 | 224 | ||||||
|
Latin America
|
92 | 72 | ||||||
|
Europe/Africa/CIS
|
75 | 144 | ||||||
|
Middle East/Asia
|
99 | 148 | ||||||
|
Total
|
554 | 588 | ||||||
|
Total operating income by region:
|
||||||||
|
North America
|
1,729 | 671 | ||||||
|
Latin America
|
157 | 135 | ||||||
|
Europe/Africa/CIS
|
64 | 278 | ||||||
|
Middle East/Asia
|
182 | 239 | ||||||
|
|
-more-
|
|
|
FOOTNOTE TABLE 1
|
|
|
HALLIBURTON COMPANY
|
|
|
Items Included in Operating Income
|
|
|
(Millions of dollars except per share data)
|
|
|
(Unaudited)
|
|
Three Months Ended
|
Three Months Ended
|
Three Months Ended
|
||||||||||||||||||||||
|
June 30, 2011
|
June 30, 2010
|
March 31, 2011
|
||||||||||||||||||||||
|
Operating
|
After Tax
|
Operating
|
After Tax
|
Operating
|
After Tax
|
|||||||||||||||||||
|
Income
|
per Share
|
Income
|
per Share
|
Income
|
per Share
|
|||||||||||||||||||
|
Completion and Production:
|
||||||||||||||||||||||||
|
Europe/Africa/CIS
|
||||||||||||||||||||||||
|
Employee separation costs
|
$ | (5 | ) | $ | (0.01 | ) | $ | – | $ | – | $ | – | $ | – | ||||||||||
|
Libya reserve
|
– | – | – | – | (36 | ) | (0.03 | ) | ||||||||||||||||
|
Middle East/Asia
|
||||||||||||||||||||||||
|
Employee separation costs
|
(1 | ) | – | – | – | – | – | |||||||||||||||||
|
Drilling and Evaluation:
|
||||||||||||||||||||||||
|
Europe/Africa/CIS
|
||||||||||||||||||||||||
|
Employee separation costs
|
(4 | ) | – | – | – | – | – | |||||||||||||||||
|
Libya reserve
|
– | – | – | – | (23 | ) | (0.02 | ) | ||||||||||||||||
|
Middle East/Asia
|
||||||||||||||||||||||||
|
Employee separation costs
|
(1 | ) | – | – | – | – | – | |||||||||||||||||
|
|
FOOTNOTE TABLE 2
|
|
|
HALLIBURTON COMPANY
|
|
|
Items Included in Operating Income
|
|
|
(Millions of dollars except per share data)
|
|
|
(Unaudited)
|
|
Six Months Ended
|
Six Months Ended
|
|||||||||||||||
|
June 30, 2011
|
June 30, 2010
|
|||||||||||||||
|
Operating
|
After Tax
|
Operating
|
After Tax
|
|||||||||||||
|
Income
|
per Share
|
Income
|
per Share
|
|||||||||||||
|
Completion and Production:
|
||||||||||||||||
|
Europe/Africa/CIS
|
||||||||||||||||
|
Employee separation costs
|
$ | (5 | ) | $ | (0.01 | ) | $ | – | $ | – | ||||||
|
Libya reserve
|
(36 | ) | (0.03 | ) | – | – | ||||||||||
|
Middle East/Asia
|
||||||||||||||||
|
Employee separation costs
|
(1 | ) | – | – | – | |||||||||||
|
Drilling and Evaluation:
|
||||||||||||||||
|
Europe/Africa/CIS
|
||||||||||||||||
|
Employee separation costs
|
(4 | ) | – | – | – | |||||||||||
|
Libya reserve
|
(23 | ) | (0.02 | ) | – | – | ||||||||||
|
Middle East/Asia
|
||||||||||||||||
|
Employee separation costs
|
(1 | ) | – | – | – | |||||||||||
|
|
-more-
|
|
|
By Segment and Geographic Region
|
|
|
(Millions of dollars)
|
|
|
(Unaudited)
|
|
Three Months Ended
|
||||||||||||
|
June 30
|
March 31
|
|||||||||||
|
Adjusted operating income by geographic region: (a) (b)
|
2011
|
2010
|
2011
|
|||||||||
|
Completion and Production:
|
||||||||||||
|
North America
|
$ | 827 | $ | 310 | $ | 614 | ||||||
|
Latin America
|
29 | 34 | 36 | |||||||||
|
Europe/Africa/CIS
|
20 | 95 | 10 | |||||||||
|
Middle East/Asia
|
48 | 58 | 36 | |||||||||
|
Total
|
924 | 497 | 696 | |||||||||
|
Drilling and Evaluation:
|
||||||||||||
|
North America
|
170 | 131 | 118 | |||||||||
|
Latin America
|
52 | 55 | 40 | |||||||||
|
Europe/Africa/CIS
|
57 | 53 | 45 | |||||||||
|
Middle East/Asia
|
50 | 79 | 50 | |||||||||
|
Total
|
329 | 318 | 253 | |||||||||
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Adjusted operating income by region:
|
||||||||||||
|
North America
|
997 | 441 | 732 | |||||||||
|
Latin America
|
81 | 89 | 76 | |||||||||
|
Europe/Africa/CIS
|
77 | 148 | 55 | |||||||||
|
Middle East/Asia
|
98 | 137 | 86 | |||||||||
|
(a)
|
Management believes that operating income adjusted for employee separation costs in the Eastern Hemisphere and a charge to recognize doubtful accounts receivable with the Libyan national oil companies and inventory that we believe has been compromised in the unrest is useful to investors to assess and understand operating performance, especially when comparing current results with previous periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the Company’s normal operating results. Management analyzes operating income without the impact of the employee separation costs in the Eastern Hemisphere and Libya reserve as an indicator of ongoing operating performance, to identify underlying trends in the business, and to establish segment and region operational goals. The adjustment removes the effect of these expenses.
|
|
(b)
|
Adjusted operating income for each segment and region is calculated as: “Operating income” less “Items Included in Operating Income.”
|
|
|
-more-
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|
FOOTNOTE TABLE 4
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|
Three Months Ended
|
||||
|
June 30, 2011
|
||||
|
As reported net income attributable to company
|
$ | 739 | ||
|
Employee separation costs, net of tax (a)
|
8 | |||
|
Adjusted net income attributable to company (a)
|
$ | 747 | ||
|
As reported diluted weighted average common shares outstanding
|
921 | |||
|
As reported net income per diluted share (b)
|
$ | 0.80 | ||
|
Adjusted net income per diluted share (b)
|
$ | 0.81 | ||
|
(a)
|
Management believes that net income adjusted for employee separation costs in the Eastern Hemisphere is useful to investors to assess and understand operating performance, especially when comparing current results with previous periods or forecasting performance for future periods, primarily because management views the excluded item to be outside of the Company’s normal operating results. Management analyzes net income without the impact of the employee separation costs in the Eastern Hemisphere as an indicator of performance, to identify underlying trends in the business, and to establish operational goals. The adjustment removes the effect of the expense. Adjusted net income is calculated as: “As reported net income attributable to company” plus “Employee separation costs, net of tax.”
|
|
(b)
|
As reported net income per diluted share is calculated as: “As reported net income attributable to company” divided by “As reported diluted weighted average common shares outstanding.” Adjusted net income per diluted share is calculated as: “Adjusted net income attributable to company” divided by “As reported diluted weighted average common shares outstanding.”
|
|
|
-more-
|
|
|
###
|
|
|
SIGNATURES
|
|
HALLIBURTON COMPANY
|
||
|
Date: July 19, 2011
|
By:
|
/s/ Bruce A. Metzinger |
|
Bruce A. Metzinger
|
||
|
Assistant Secretary
|