Halliburton Declares a 39% Dividend Increase

  Halliburton Declares a 39% Dividend Increase

  *Intends future annual cash dividends to represent at least 15%-20% of net
    income
  *Commences systematic program for share repurchases under existing $1.7
    billion of board buyback authorization
  *Announces annual shareholders meeting

Business Wire

HOUSTON -- February 20, 2013

Halliburton (NYSE: HAL) announced that its board of directors has approved a
39 percent increase in its quarterly dividend. The 2013 first quarter dividend
of twelve and one-half cents ($0.125) a share on the company’s common stock is
payable on March 27, 2013, to shareholders of record at the close of business
on March 6, 2013.

“This dividend increase is a reflection of our confidence in our business
outlook and the strength of our global franchise,” said Dave Lesar, chairman,
president and chief executive officer. “Going forward, our intention is to
distribute total annual dividends representing at least 15-20 percent of our
net income, subject to review and approval by our Board of Directors. In
addition, we intend to commence systematic share repurchases under our
existing buyback authorization. Together with the dividend increase, these
repurchases demonstrate our ongoing commitment to maximize value to our
shareholders.”

The company’s annual meeting of shareholders will take place on May 15, 2013
in Houston, Texas. The record date for determination of shareholders entitled
to vote at such meeting is March 18, 2013.

Founded in 1919, Halliburton is one of the world’s largest providers of
products and services to the energy industry. With more than 72,000 employees,
representing 140 nationalities in approximately 80 countries, the company
serves the upstream oil and gas industry throughout the lifecycle of the
reservoir – from locating hydrocarbons and managing geological data, to
drilling and formation evaluation, well construction and completion, and
optimizing production through the life of the field. Visit the company’s
website at www.halliburton.com.

NOTE: The statements in this press release that are not historical statements,
including statements regarding future financial performance and strength,
business outlook, and the amount and timing of dividends or share repurchases,
are forward-looking statements within the meaning of the federal securities
laws. These statements are subject to numerous risks and uncertainties, many
of which are beyond the company’s control, which could cause actual results to
differ materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the trading
prices of Halliburton’s common stock; availability and alternative uses of
cash; results of litigation, settlements, and investigations; actions by third
parties, including governmental agencies; changes in the demand for or price
of oil and/or natural gas can be significantly impacted by weakness in the
worldwide economy; consequences of audits and investigations by domestic and
foreign government agencies and legislative bodies and related publicity and
potential adverse proceedings by such agencies; indemnification and insurance
matters; protection of intellectual property rights and against cyber attacks;
compliance with environmental laws; changes in government regulations and
regulatory requirements, particularly those related to offshore oil and
natural gas exploration, radioactive sources, explosives, chemicals, hydraulic
fracturing services and climate-related initiatives; compliance with laws
related to income taxes and assumptions regarding the generation of future
taxable income; risks of international operations, including risks relating to
unsettled political conditions, war, the effects of terrorism, and foreign
exchange rates and controls, international trade and regulatory controls, and
doing business with national oil companies; weather-related issues, including
the effects of hurricanes and tropical storms; changes in capital spending by
customers; delays or failures by customers to make payments owed to us;
execution of long-term, fixed-price contracts; impairment of oil and natural
gas properties; structural changes in the oil and natural gas industry;
maintaining a highly skilled workforce; availability and cost of raw
materials; and integration of acquired businesses and operations of joint
ventures. Halliburton’s Form 10-K for the year ended December 31, 2012, recent
Current Reports on Form 8-K, and other Securities and Exchange Commission
filings discuss some of the important risk factors identified that may affect
Halliburton’s business, results of operations, and financial condition.
Halliburton undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.

There can be no assurance as to the amount, timing or prices of share
repurchases. The specific timing and amount of repurchases will vary based on
market conditions and other factors. The share repurchase program may be
suspended at any time.

Contact:

Halliburton, Investor Relations
Kelly Youngblood, 281/871-2688
investors@halliburton.com
or
Halliburton, Corporate Affairs
Beverly Blohm Stafford, 281/871-2601
PR@halliburton.com
 
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