Halliburton Co

Common Name
Halliburton
Country
United States
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
48,000
Ticker
HAL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Halliburton Co. is a prominent American multinational corporation that provides products and services to the energy industry, with a particular focus on oil and gas exploration, development, and produ...

Halliburton's GHG Emissions Data Preview

In 2023, Halliburton completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Halliburton has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Halliburton’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Halliburton’s data sources below and access millions more through our Disclosure Search.

a. Halliburton's Annual Report 2023
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b. Halliburton's Annual Report 2020
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Insights into Halliburton's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Halliburton amounted to 4,288,562 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Halliburton increased by 15.07%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Halliburton's Scope 1 Emissions Over Time

20182019202020212022202301.5 M3 M4.5 M6 MtCO2e-1%-40%+33%-5%+4%
  • Total Scope 1
  • Year-over-Year Change

What are Halliburton's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Halliburton were 3,443,174 metric tons of CO₂ equivalent (tCO₂e). a

Has Halliburton reduced its Scope 1 emissions over time?

Since 2018, Halliburton's Scope 1 emissions have decreased by 21.84%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Halliburton's Scope 1 emissions increased by 3.7%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Halliburton's Scope 2 emissions?

In 2023, Halliburton reported Scope 2 greenhouse gas (GHG) emissions of 843,376 tCO₂e using the market-based method and 845,388 tCO₂e using the location-based method. a

Has Halliburton reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Halliburton's Scope 2 emissions (Location-Based) rose by 107.87% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Halliburton use for Scope 2 reporting?

In 2023, Halliburton reported its Scope 2 emissions using the market-based method and using the location-based method. a

Halliburton's Scope 2 Emissions Over Time

2018201920202021202220230250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Halliburton's Value Chain Emissions

In 2023, Halliburton reported 203,023 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Halliburton includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Halliburton's Scope 3 Emissions Over Time

201820192020202120222023060 k120 k180 k240 ktCO2e+217%-46%+24%+14%+14%
  • Total Scope 3
  • Year-over-Year Change

What are Halliburton's Scope 3 emissions?

In 2023, Halliburton reported total Scope 3 emissions of 203,023 metric tons of CO₂ equivalent (tCO₂e). a

Has Halliburton reduced its Scope 3 emissions over time?

Since 2018, Halliburton's Scope 3 emissions have increased by 176.64%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2022), Halliburton's Scope 3 emissions increased by 14.48%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Halliburton’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Halliburton reported Scope 1 greenhouse gas (GHG) emissions of 3,443,174 tCO₂e and total revenues of USD 23,018 millions. This translates into an emissions intensity of 149.59 tCO₂e per millions USD. a

Halliburton's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,0005,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)TidewaterYear: 2023Scope 1: 1,074,336 tCO2eRevenue: $M 1,010Scope 1 Intensity: 1,063.71 tCO2e/$MDevon EnergyYear: 2023Scope 1: 4,370,000 tCO2eRevenue: $M 15,258Scope 1 Intensity: 286.41 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MBaker HughesYear: 2023Scope 1: 383,096 tCO2eRevenue: $M 25,506Scope 1 Intensity: 15.02 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MDelek US HoldingsYear: 2023Scope 1: 2,700,000 tCO2eRevenue: $M 16,917Scope 1 Intensity: 159.60 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MOvintivYear: 2023Scope 1: 3,307,430 tCO2eRevenue: $M 10,883Scope 1 Intensity: 303.91 tCO2e/$MNovYear: 2023Scope 1: 135,671 tCO2eRevenue: $M 8,583Scope 1 Intensity: 15.81 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MSchlumbergerYear: 2023Scope 1: 1,469,000 tCO2eRevenue: $M 33,135Scope 1 Intensity: 44.33 tCO2e/$MTarga ResourcesYear: 2022Scope 1: 8,406,000 tCO2eRevenue: $M 20,930Scope 1 Intensity: 401.63 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MOceaneering InternationalYear: 2023Scope 1: 44,690 tCO2eRevenue: $M 2,425Scope 1 Intensity: 18.43 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MHalliburtonYear: 2023Scope 1: 3,443,174 tCO2eRevenue: $M 23,018Scope 1 Intensity: 149.59 tCO2e/$M

How does Halliburton's GHG emissions intensity compare to its peers?

In 2023, Halliburton reported a Scope 1 emissions intensity of 149.59 tCO₂e per millions USD. Compared to the peer group median of 227.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Halliburton rank on GHG emissions intensity within its industry?

In 2023, Halliburton ranked 9 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Halliburton is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Halliburton's Total Carbon Footprint

In 2023, Halliburton reported a total carbon footprint of 4,491,585 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.04% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Halliburton's total carbon footprint was Scope 1 emissions, accounting for 76.66% of the company's total carbon footprint, followed by Scope 2 emissions at 18.82%. a

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