XML 87 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Pay vs Performance Disclosure
12 Months Ended 36 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2022
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]      

Pay Versus Performance

 

In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (PEO) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

 

Year  Summary
Compensation
Table Total for
Jeffrey A. Miller(1)
($)
  Compensation
Actually Paid
to Jeffrey A.
Miller(1,2,3)
($)
  Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(1)
($)
  Average
Compensation
Actually Paid
to Non-PEO
NEOs(1,2,3)
($)
  Value of Initial
Fixed $100
Investment
based on:(4)
  Net Income
($ Millions)
  ROCE(5)
TSR
($)
  Peer
Group
TSR
($)
 
2022  23,402,317  64,585,671   8,040,278  19,847,918  167.76  112.94  1,595  12.3%
2021  23,591,982  33,778,483  9,206,791  12,042,514  96.13  69.94  1,468  13.4%
2020  22,319,385  19,510,665  7,649,701  6,933,420  78.80  57.92  (2,942)  (13.7%)
(1) Jeffrey A. Miller was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

 

  2020 2021 2022
  Lance Loeffler Lance Loeffler Eric J. Carre
  Eric J. Carre Eric J. Carre Lance Loeffler
  Joe D. Rainey Joe D. Rainey Lawrence J. Pope
  Mark J. Richard Mark J. Richard Joe D. Rainey
      Mark J. Richard
(2) The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated using valuation methodology that is consistent with the equity awards that we accounted for under FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.

 

  Year  Summary
Compensation
Table Total for
Jeffrey A. Miller
($)
  Exclusion of Stock
Awards for
Jeffrey A. Miller
($)
  Inclusion of Equity
Values for
Jeffrey A. Miller
($)
  Compensation
Actually Paid to
Jeffrey A. Miller
($)
  2022  23,402,317  (7,239,220)  48,422,574  64,585,671
  2021  23,591,982  (6,300,070)  16,486,571  33,778,483
  2020  22,319,385  (9,687,697)  6,878,977  19,510,665
               
  Year  Average Summary
Compensation Table
Total for
Non-PEO NEOs
($)
  Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
  Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
  Average Compensation
Actually Paid to
Non-PEO NEOs
($)
  2022  8,040,278  (2,250,158)  14,057,798  19,847,918
  2021  9,206,791  (1,988,029)  4,823,752  12,042,514
  2020  7,649,701  (2,873,486)  2,157,205  6,933,420
               
  The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
               
  Year  Year-End Fair Value of
Equity Awards Granted
During Year That
Remained Unvested as
of Last Day of Year for
Jeffrey A. Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Last Day of
Year of Unvested Equity
Awards for Jeffrey A.
Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Vesting Date of
Unvested Equity Awards
that Vested During Year
for Jeffrey A. Miller
($)
  Total - Inclusion of
Equity Values for
Jeffrey A. Miller
($)
  2022  12,040,134  23,400,437  12,982,003  48,422,574
  2021  7,815,840  8,163,513  507,218  16,486,571
  2020  9,304,337  (2,074,201)  (351,159)  6,878,977
               
  Year  Average Year-End
Fair Value of Equity
Awards Granted During
Year That Remained
Unvested as of Last Day
of Year for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Vesting
Date of Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
  Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
  2022  3,742,419  7,185,132  3,130,247  14,057,798
  2021  2,466,340  2,204,090  153,322  4,823,752
  2020  2,779,260  (498,025)  (124,030)  2,157,205
(4)    The Peer Group TSR set forth in this table utilizes the Oil Service Index (OSX), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the OSX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5) We determined Return on Capital Employed (ROCE) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2022. More information on ROCE can be found in the Long-Term Incentives section of Compensation Discussion and Analysis. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
Company Selected Measure Name       ROCE
Named Executive Officers, Footnote [Text Block]      
(1) Jeffrey A. Miller was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

 

  2020 2021 2022
  Lance Loeffler Lance Loeffler Eric J. Carre
  Eric J. Carre Eric J. Carre Lance Loeffler
  Joe D. Rainey Joe D. Rainey Lawrence J. Pope
  Mark J. Richard Mark J. Richard Joe D. Rainey
      Mark J. Richard
Peer Group Issuers, Footnote [Text Block]       (4)   The Peer Group TSR set forth in this table utilizes the Oil Service Index (OSX), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the OSX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
PEO Total Compensation Amount $ 23,402,317 $ 23,591,982 $ 22,319,385  
PEO Actually Paid Compensation Amount 64,585,671 33,778,483 19,510,665  
Adjustment To PEO Compensation, Footnote [Text Block]       (3)Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated using valuation methodology that is consistent with the equity awards that we accounted for under FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
  Year  Summary
Compensation
Table Total for
Jeffrey A. Miller
($)
  Exclusion of Stock
Awards for
Jeffrey A. Miller
($)
  Inclusion of Equity
Values for
Jeffrey A. Miller
($)
  Compensation
Actually Paid to
Jeffrey A. Miller
($)
  2022  23,402,317  (7,239,220)  48,422,574  64,585,671
  2021  23,591,982  (6,300,070)  16,486,571  33,778,483
  2020  22,319,385  (9,687,697)  6,878,977  19,510,665
               
  Year  Average Summary
Compensation Table
Total for
Non-PEO NEOs
($)
  Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
  Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
  Average Compensation
Actually Paid to
Non-PEO NEOs
($)
  2022  8,040,278  (2,250,158)  14,057,798  19,847,918
  2021  9,206,791  (1,988,029)  4,823,752  12,042,514
  2020  7,649,701  (2,873,486)  2,157,205  6,933,420
               
  The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
               
  Year  Year-End Fair Value of
Equity Awards Granted
During Year That
Remained Unvested as
of Last Day of Year for
Jeffrey A. Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Last Day of
Year of Unvested Equity
Awards for Jeffrey A.
Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Vesting Date of
Unvested Equity Awards
that Vested During Year
for Jeffrey A. Miller
($)
  Total - Inclusion of
Equity Values for
Jeffrey A. Miller
($)
  2022  12,040,134  23,400,437  12,982,003  48,422,574
  2021  7,815,840  8,163,513  507,218  16,486,571
  2020  9,304,337  (2,074,201)  (351,159)  6,878,977
               
  Year  Average Year-End
Fair Value of Equity
Awards Granted During
Year That Remained
Unvested as of Last Day
of Year for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Vesting
Date of Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
  Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
  2022  3,742,419  7,185,132  3,130,247  14,057,798
  2021  2,466,340  2,204,090  153,322  4,823,752
  2020  2,779,260  (498,025)  (124,030)  2,157,205
Non-PEO NEO Average Total Compensation Amount 8,040,278 9,206,791 7,649,701  
Non-PEO NEO Average Compensation Actually Paid Amount 19,847,918 12,042,514 6,933,420  
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]       (3)Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated using valuation methodology that is consistent with the equity awards that we accounted for under FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
  Year  Summary
Compensation
Table Total for
Jeffrey A. Miller
($)
  Exclusion of Stock
Awards for
Jeffrey A. Miller
($)
  Inclusion of Equity
Values for
Jeffrey A. Miller
($)
  Compensation
Actually Paid to
Jeffrey A. Miller
($)
  2022  23,402,317  (7,239,220)  48,422,574  64,585,671
  2021  23,591,982  (6,300,070)  16,486,571  33,778,483
  2020  22,319,385  (9,687,697)  6,878,977  19,510,665
               
  Year  Average Summary
Compensation Table
Total for
Non-PEO NEOs
($)
  Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
  Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
  Average Compensation
Actually Paid to
Non-PEO NEOs
($)
  2022  8,040,278  (2,250,158)  14,057,798  19,847,918
  2021  9,206,791  (1,988,029)  4,823,752  12,042,514
  2020  7,649,701  (2,873,486)  2,157,205  6,933,420
               
  The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
               
  Year  Year-End Fair Value of
Equity Awards Granted
During Year That
Remained Unvested as
of Last Day of Year for
Jeffrey A. Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Last Day of
Year of Unvested Equity
Awards for Jeffrey A.
Miller
($)
  Change in Fair Value
from Last Day of Prior
Year to Vesting Date of
Unvested Equity Awards
that Vested During Year
for Jeffrey A. Miller
($)
  Total - Inclusion of
Equity Values for
Jeffrey A. Miller
($)
  2022  12,040,134  23,400,437  12,982,003  48,422,574
  2021  7,815,840  8,163,513  507,218  16,486,571
  2020  9,304,337  (2,074,201)  (351,159)  6,878,977
               
  Year  Average Year-End
Fair Value of Equity
Awards Granted During
Year That Remained
Unvested as of Last Day
of Year for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for
Non-PEO NEOs
($)
  Average Change in Fair
Value from Last Day of
Prior Year to Vesting
Date of Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
  Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
  2022  3,742,419  7,185,132  3,130,247  14,057,798
  2021  2,466,340  2,204,090  153,322  4,823,752
  2020  2,779,260  (498,025)  (124,030)  2,157,205
Compensation Actually Paid vs. Total Shareholder Return [Text Block]      

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (TSR)

 

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus TSR

 

Compensation Actually Paid vs. Net Income [Text Block]      

Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Net Income

 

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Net Income during the three most recently completed fiscal years.

 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Net Income

 

Compensation Actually Paid vs. Company Selected Measure [Text Block]      

Description of Relationship Between PEO and Other NEO Compensation Actually Paid and ROCE

 

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other Non-PEO NEOs, and our ROCE during the three most recently completed fiscal years.

 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus ROCE

 

Total Shareholder Return Vs Peer Group [Text Block]      

Description of Relationship Between Company TSR and Peer Group TSR

 

The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Oil Service Index (OSX) over the same period.

 

Comparison of Cumulative TSR of Halliburton Company and
Oil Service Index (OSX)

 

Tabular List [Table Text Block]      

Tabular List of Most Important Financial Performance Measures

 

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2022 to Company performance. The measures in this table are not ranked.

 

Most Important Financial Performance Measures
Return on Capital Employed
Net Operating Profit After Taxes
Asset Turns
Relative Total Shareholder Return
Total Shareholder Return Amount 167.76 96.13 78.8  
Peer Group Total Shareholder Return Amount 112.94 69.94 57.92  
Net Income (Loss) $ 1,595 $ 1,468 $ (2,942)  
Company Selected Measure Amount 12.3 13.4 13.7  
PEO Name       Jeffrey A. Miller
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name       Return on Capital Employed
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name       Net Operating Profit After Taxes
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name       Asset Turns
Measure [Axis]: 4        
Pay vs Performance Disclosure [Table]        
Measure Name       Relative Total Shareholder Return
PEO [Member] | Adjustment Type 1 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ (7,239,220) $ (6,300,070) $ (9,687,697)  
PEO [Member] | Adjustment Type 2 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 48,422,574 16,486,571 6,878,977  
PEO [Member] | Adjustment Type 3 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 12,040,134 7,815,840 9,304,337  
PEO [Member] | Adjustment Type 4 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 23,400,437 8,163,513 (2,074,201)  
PEO [Member] | Adjustment Type 5 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 12,982,003 507,218 (351,159)  
PEO [Member] | Adjustment Type 6 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 48,422,574 16,486,571 6,878,977  
Non-PEO NEO [Member] | Adjustment Type 1 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (2,250,158) (1,988,029) (2,873,486)  
Non-PEO NEO [Member] | Adjustment Type 2 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 14,057,798 4,823,752 2,157,205  
Non-PEO NEO [Member] | Adjustment Type 3 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 3,742,419 2,466,340 2,779,260  
Non-PEO NEO [Member] | Adjustment Type 4 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 7,185,132 2,204,090 (498,025)  
Non-PEO NEO [Member] | Adjustment Type 5 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 3,130,247 153,322 (124,030)  
Non-PEO NEO [Member] | Adjustment Type 6 [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 14,057,798 $ 4,823,752 $ 2,157,205