Halliburton Company, a leading player in the crude petroleum industry, is headquartered in the United States and operates extensively across major oil-producing regions worldwide. Founded in 1919, Halliburton has established itself as a key provider of services related to crude oil extraction, excluding surveying, and has achieved significant milestones throughout its history.
The company offers a diverse range of core products and services, including drilling, evaluation, completion, and production solutions, which are designed to enhance efficiency and safety in oil extraction processes. Halliburton's innovative technologies and commitment to sustainability set it apart in a competitive market.
With a strong market position, Halliburton is recognised for its contributions to the energy sector, consistently delivering value to clients while adapting to the evolving demands of the industry.
+6 vs industry average
Halliburton’s score of 22 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Halliburton's reported carbon emissions
Halliburton, a US-based company in the crude petroleum and services sector, reported a total of approximately 3.8 billion kg CO2e in Scope 1 and Scope 2 emissions for 2024. This figure comprises about 3.0 billion kg CO2e for Scope 1 and approximately 1.3 billion kg CO2e for Scope 2 (market-based).
For 2023, Halliburton's emissions totalled approximately 3.8 billion kg CO2e, with Scope 1 emissions at about 3.4 billion kg CO2e and Scope 2 emissions at approximately 843.4 million kg CO2e (market-based).
In 2022, the company's emissions were around 3.7 billion kg CO2e, including approximately 3.3 billion kg CO2e for Scope 1 and about 405.1 million kg CO2e for Scope 2 (market-based).
Halliburton has set a long-term climate commitment to reach net zero Scope 1 and Scope 2 greenhouse gas emissions by 2040. The company's Scope 1 and 2 emissions intensity was approximately 0.19 MTCO2e per $M revenue in 2024.
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Halliburton’s Climate Goals (2030 & 2050)
2 goals2040
Reach net zero Scope 1 and Scope 2 GHG emissions by 2040
Reach net zero Scope 1 and Scope 2 GHG emissions by 2040.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Halliburton
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