The company is focusing on increasing international growth in directional drilling, unconventionals, well intervention, and artificial lift businesses, indicating a strategic shift towards expanding its global presence.

Halliburton is continuing to drive differentiation and efficiencies through the deployment of digital and automation technologies, both internally and for customers, suggesting a focus on innovation and technological advancement.

Halliburton continues to develop technologies and solutions to help lower emissions intensity, participate in carbon capture, utilization, and storage, and geothermal projects globally, demonstrating a focus on ESG initiatives and adapting to the energy transition.

The company kept capital expenditures at 6% of revenue, matching its target, indicating effective capital management and efficient resource allocation.

The total project investment for the SAP S4 migration is expected to increase between $20 million and $30 million above the initial $250 million forecast, indicating potential cost overruns or scope changes in this key project.

The company experienced relatively low voluntary turnover of 8% despite a tight labor market, suggesting effective employee retention strategies and a positive work environment.

The company experienced a material cybersecurity incident that caused disruptions and required significant costs and management attention, highlighting the vulnerability of digital technologies and services.

Trends in oil and natural gas prices affect the level of exploration, development, and production activity of customers, which could have a material adverse effect on the business.

Operations outside the United States require compliance with a number of United States and international regulations, violations of which could have a material adverse effect on the business.

The market for services and products is characterized by continual technological developments. If the company is not able to design, develop, and produce commercially competitive products and to implement commercially competitive services in a timely manner, its competitive position may be reduced.

The company relies on a variety of intellectual property rights that it uses in its services and products. The company may not be able to successfully preserve these intellectual property rights in the future, and these rights could be invalidated, circumvented, or challenged.

Liabilities arising out of the company's products and services could have a material adverse effect on its business, including events at sites where its products and equipment are produced, stored, transported, or installed.

Constraints in the supply of, prices for, and availability of transportation of raw materials and electric power could have a material adverse effect on the company's business and consolidated results of operations.

The company sometimes provides integrated project management services in the form of long-term, fixed price contracts that may require it to assume additional risks associated with cost over-runs, operating cost inflation, labor availability and productivity, supplier and contractor pricing and performance, and potential claims for liquidated damages.

The company expects the new SAP S4 system to provide important efficiency benefits, cost savings, enhanced visibility to its operations, and advanced analytics that will benefit it and its customers.

The company incorporated next-generation digital and automation technologies in certain of its processes to maximize value and improve efficiency.

The company is increasing the roll-out of its Zeus electric fracturing systems, which might face challenges to source sufficient electric power or there might not be adequate infrastructure to support the operation of its systems.

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.

The company's Board approved a capital return framework with a goal of returning at least 50% of its annual free cash flow to shareholders through dividends and share repurchases.

During 2024, the company's quarterly dividend rate was $0.17 per common share, or approximately $150 million in the aggregate.

The company repurchased 30.5 million shares of its common stock during the year ended December 31, 2024. Approximately $3.0 billion remained authorized for repurchases under the program as of December 31, 2024.

In 2021, the company announced its target to achieve a 40% reduction in its Scope 1 and 2 emissions by 2035 from the 2018 baseline.

The company continues to develop technologies and solutions to help lower its customers' and its emissions intensity, participate in carbon capture, utilization, and storage, and geothermal projects globally.

The company will continue to focus on accelerating the success of clean tech start-ups via Halliburton Labs, which also allows it to participate in the energy mix transition at relatively low risk by investing its expertise, resources, and team without a significant outlay of capital while it learns where it can strategically engage new markets. As of December 31, 2024, Halliburton Labs had 38 participants and alumni organizations.

The volatility continued in 2024 as markets were impacted by macroeconomic uncertainty, non-OPEC supply growth, lack of demand recovery in China, geopolitical unrest in the Middle East and the Russia-Ukraine conflict.

In the U.S., oil and natural gas production in 2024 remained elevated, despite a generally declining rig count, as a result of the industry's focus on efficiencies and higher service intensity.

The international rig count was relatively flat in 2024, as gains in Africa and the Middle East were offset by reductions in Latin America.