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Halliburton Announces Third Quarter Income from Continuing Operations of $0.83 Per Diluted Share, Excluding Restructuring

  Halliburton Announces Third Quarter Income from Continuing Operations of
  $0.83 Per Diluted Share, Excluding Restructuring Charges

    Reported income from continuing operations of $0.79 per diluted share

Business Wire

HOUSTON -- October 21, 2013

Halliburton (NYSE:HAL) announced today that income from continuing operations
for the third quarter of 2013 was $745 million, or $0.83 per diluted share,
excluding restructuring charges of $38 million, after-tax, or $0.04 per
diluted share. This compares to income from continuing operations for the
second quarter of 2013 of $677 million, or $0.73 per diluted share, excluding
a $35 million charge, after-tax, or $0.04 per diluted share, related to a
charitable contribution to the National Fish and Wildlife Foundation. Reported
income from continuing operations for the third quarter of 2013 was $707
million, or $0.79 per diluted share. Reported income from continuing
operations for the second quarter of 2013 was $642 million, or $0.69 per
diluted share.

Halliburton's total revenue in the third quarter of 2013 was $7.5 billion,
compared to $7.3 billion in the second quarter of 2013. Operating income was
$1.1 billion in the third quarter of 2013, compared to operating income of
$1.0 billion in the second quarter of 2013. The Latin America and
Europe/Africa/CIS regions were the primary drivers of this sequential
improvement.

As previously announced, during the third quarter Halliburton made adjustments
to headcount and other assets based on the progress of strategic Battle Red
and Frac of the Future initiatives. These adjustments resulted in severance
charges and asset write-offs of approximately $38 million, after-tax, or $0.04
per diluted share.

Also during the third quarter, Halliburton repurchased approximately 68
million shares of its common stock at an aggregate cost of $3.3 billion
pursuant to a modified Dutch auction cash tender offer.

“I am pleased with our third quarter results; total company revenue of $7.5
billion was a record quarter for Halliburton,” commented Dave Lesar, chairman,
president and chief executive officer.

“Both our Drilling & Evaluation and Completion & Production divisions set
quarterly revenue records, with our Baroid, Completion Tools, Drill Bits and
Testing product lines setting quarterly operating income records.

“Our international business continues to deliver strong growth. On a
year-to-date basis, our Eastern Hemisphere growth continues to lead our peer
group. Compared to the third quarter of 2012, Eastern Hemisphere revenue and
adjusted operating income grew 17% and 30%, respectively.

“Eastern Hemisphere growth was led by record quarterly revenue in our
Europe/Africa/CIS region, where adjusted operating income improved 29%
sequentially, due to improved performance in our Russia, North Sea and Angola
operations.

“In the Middle East / Asia region, reduced activity in Australia and Malaysia,
as well as lower profitability in Iraq, was partially offset by higher
activity in Saudi Arabia.

“Consistent with prior years, we expect the fourth quarter in the Eastern
Hemisphere to be our strongest quarter of the year, due to seasonal year-end
software and equipment sales, with margins in the high teens.

“In Latin America, revenues increased 6% sequentially and adjusted operating
income increased by 57%, as a result of higher consulting and software
revenues in Mexico, along with higher utilization of our stimulation vessels
relative to the first half of the year. We anticipate that fourth quarter
revenues and margins for Latin America will be impacted by curtailed activity
in Mexico. However, we maintain our positive outlook for the region, and we
expect Mexico will be a strong contributor to increasing revenue and
profitability going forward.

“Despite severe revenue and operational disruptions from the Colorado floods,
our North America business delivered 2% sequential revenue growth, and
adjusted operating income grew 4%, following the seasonal recovery in Canada
and increased activity in the Gulf of Mexico deepwater market.

“During the quarter, we saw improvement in activity levels across the United
States land market as drilling and completion efficiencies continue to drive
an improved well count. The United States land rig count, however, remains
sluggish. Additionally, oversupply of service capacity in North America
continues to put pressure on pricing in a number of areas.

“However, we expect to see margin improvement during 2014 as Gulf of Mexico
activity expands, we deploy our Battle Red and Frac of the Future initiatives,
and we continue to see revenue gains as unconventional service intensity
improves.

“Globally, we will continue to expand our portfolio in deepwater, mature
fields, and unconventionals. We believe the underlying fundamentals for our
industry are strong, and I am optimistic about Halliburton’s relative
performance as we move into 2014,” concluded Lesar.

2013 Third Quarter Results

Completion and Production

Completion and Production (C&P) revenue in the third quarter of 2013 was $4.5
billion, an increase of $138 million, or 3%, from the second quarter of 2013.
The increase was primarily driven by improved international results, and the
recovery from spring break-up in Canada.

C&P operating income in the third quarter of 2013 was $763 million, an
increase of $31 million, or 4%, from the second quarter of 2013. Excluding the
restructuring charges, C&P operating income increased $71 million, or 10%,
compared to the second quarter of 2013. North America C&P operating income,
adjusted for the restructuring charges, was effectively flat compared to the
second quarter of 2013, as recovery from spring break-up in Canada was offset
by weather-related activity disruptions and continued pricing pressure in the
United States land market. Latin America C&P adjusted operating income
improved by $17 million, or 35%, compared to the second quarter of 2013,
primarily due to higher stimulation vessel activity in Mexico.
Europe/Africa/CIS C&P adjusted operating income increased $49 million, or 66%,
sequentially, driven by higher completion tools sales in Norway, Angola, and
Nigeria, cementing activity in Norway and Russia, and Boots & Coots activity
in Azerbaijan. Middle East/Asia C&P adjusted operating income was essentially
flat compared to the second quarter, as improved profitability in Saudi Arabia
was partially offset by a decline in stimulation activity in Australia and
Malaysia.

Drilling and Evaluation

Drilling and Evaluation (D&E) revenue in the third quarter of 2013 was $3.0
billion, an increase of $17 million, or 1%, from the second quarter of 2013,
as higher drilling activity in North America and Latin America more than
offset the lower activity levels in the Middle East/Asia region.

D&E operating income in the third quarter of 2013 was $450 million, an
increase of $35 million, or 8%, from the second quarter of 2013. Adjusted for
the restructuring charges, D&E operating income increased $46 million, or 11%,
sequentially. North America D&E operating income, excluding the restructuring
charges, increased $23 million, or 15%, sequentially, due to increased
drilling activity in the United States land market. Latin America D&E adjusted
operating income improved by $41 million, or 77%, from the second quarter of
2013, as a result of improved profitability in Mexico and Argentina, which
more than offset a decline in drilling services in Brazil. Europe/Africa/CIS
D&E adjusted operating income was effectively flat, sequentially, as increased
drilling activity in Angola and Norway was partially offset by a decline in
logging services in Nigeria. Middle East/Asia D&E adjusted operating income
declined by $15 million, or 12%, sequentially. Second quarter Middle East/Asia
D&E results benefitted from the conclusion of the Majnoon project in Iraq.

Corporate and Other

During the third quarter of 2013, Halliburton invested an additional $27
million, pre-tax, in strategic projects aimed at strengthening Halliburton's
North America service delivery model and repositioning technology, supply
chain, and manufacturing infrastructure to support projected international
growth. Halliburton expects to continue funding this effort for the remainder
of the year.

Also during the third quarter, Halliburton issued $3.0 billion aggregate
principal amount of senior notes to fund the previously mentioned repurchase
of 68 million shares of its common stock at an aggregate cost of $3.3 billion.
Since the inception of Halliburton’s stock repurchase program in February
2006, Halliburton has purchased 188 million shares at a total cost of
approximately $7.6 billion.

Significant Recent Events and Achievements

  *Halliburton introduced its CYPHER^SM service, which is a collaborative
    platform that effectively integrates geoscience, reservoir, drilling and
    completion engineering to allow operators to better predict and produce
    unconventional reserves. The service is supported by a breakthrough
    technology suite using an iterative process that identifies the best well
    placement and stimulation designs, which are critical parameters in
    delivering the best total well cost and improving ultimate production.
  *Halliburton introduced its Integrated Computational Element (ICE Core^SM)
    fluid analysis service. ICE Core fluid analysis technology, which is a
    component of Halliburton’s proven Reservoir Description Tool, is a new and
    more accurate way to analyze fluids downhole. It can be utilized to
    determine which fluids components are present in a sample and in what
    proportions.
  *Halliburton announced it had entered into an agreement of cooperation with
    Gazprom Neft for the introduction of new technologies to improve
    operational efficiency in Gazprom Neft fields. Representatives of the two
    companies will collaborate on technological solutions for hard-to-recover
    reserves, unconventional resources, deepwater and other projects.
  *Halliburton officially opened the expansion of its Malaysia Manufacturing
    and Technology Center in Senai, Malaysia. The additional capability will
    allow the company to expand its delivery of high-quality products to meet
    the growing needs of customers in the Eastern Hemisphere and globally. The
    completed expansion will manufacture an extensive range of products from
    Halliburton's Completion Tools product line, as well as several products
    from its Cementing product line.
  *Halliburton announced the commercialization of UniStim^TM, its latest
    advancement to the H20 Forward^SM service and suite of products aimed at
    reducing fresh water usage in completions. UniStim^TM fracture fluid can
    enable operators to use 100 percent produced or flowback water. The
    cross-linked gelled water system has the ability to tolerate salt
    concentrations in excess of 300,000 PPM, as well as other contaminants,
    and allows customers to utilize waste water to significantly reduce fresh
    water used in completions with economic and environmental benefits.

Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 75,000 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, 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: results of
litigation, settlements, and investigations; actions by third parties,
including governmental agencies; whether a settlement relating to the Macondo
multi-district litigation will be reached at the amounts contemplated by our
reserve or at all; settlement discussions relating to the Macondo incident do
not cover all possible parties and claims, and there are additional reasonably
possible losses relating to the Macondo incident that we cannot reasonably
estimate at this time; with respect to repurchases of Halliburton common
stock, the continuation or suspension of the repurchase program, the amount,
the timing and the trading prices of Halliburton common stock and the
availability and alternative uses of cash; 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, 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, Form
10-Q for the quarter ended June 30, 2013, 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.

                                           
HALLIBURTON COMPANY

Condensed Consolidated Statements of Operations

(Millions of dollars and shares except per share data)

(Unaudited)
                                             
                                             Three Months Ended
                                             September 30           June 30
                                           2013       2012       2013
Revenue:                                                          
Completion and Production                    $ 4,501     $ 4,293     $ 4,363
Drilling and Evaluation                     2,971     2,818     2,954   
Total revenue                               $ 7,472   $ 7,111   $ 7,317 
Operating income:
Completion and Production                    $ 763       $ 591       $ 732
Drilling and Evaluation                      450         430         415
Corporate and other (a)                     (105    )  (67     )  (163    )
Total operating income                      1,108     954       984     
Interest expense, net                        (91     )   (71     )   (71     )
Other, net                                  (12     )  (6      )  (11     )
Income from continuing operations before     1,005       877         902
income taxes
Provision for income taxes                  (296    )  (267    )  (256    )
Income from continuing operations            709         610         646
Income (loss) from discontinued             (1      )  (6      )  2       
operations, net
Net income                                  $ 708     $ 604     $ 648   
Noncontrolling interest in net income of    (2      )  (2      )  (4      )
subsidiaries
Net income attributable to company          $ 706     $ 602     $ 644   
Amounts attributable to company
shareholders:
Income from continuing operations            $ 707       $ 608       $ 642
Income (loss) from discontinued             (1      )  (6      )  2       
operations, net
Net income attributable to company          $ 706     $ 602     $ 644   
Basic income per share attributable to
company shareholders:
Income from continuing operations            $ 0.79      $ 0.66      $ 0.69
Income (loss) from discontinued             -         (0.01   )  0.01    
operations, net
Net income per share                        $ 0.79    $ 0.65    $ 0.70  
Diluted income per share attributable to
company shareholders:
Income from continuing operations            $ 0.79      $ 0.65      $ 0.69
Income from discontinued operations, net    -         -         -       
Net income per share                        $ 0.79    $ 0.65    $ 0.69  
Basic weighted average common shares         890         928         925
outstanding
Diluted weighted average common shares      894       930       928     
outstanding

      Includes a $55 million, pre-tax, charge in the three months ended June
(a)  30, 2013, related to a charitable contribution to the National Fish and
      Wildlife Foundation.
See Footnote Table 1 for certain items included in operating income.
See Footnote Table 3 for operating income adjusted for certain items.
See Footnote Table 4 for a reconciliation of as-reported income from
continuing operations to adjusted income from continuing operations.

                                            
HALLIBURTON COMPANY

Condensed Consolidated Statements of Operations

(Millions of dollars and shares except per share data)

(Unaudited)
                                                
                                                Nine Months Ended September 30
                                              2013            2012
Revenue:                                                      
Completion and Production                       $  12,964        $  13,043
Drilling and Evaluation                        8,799          8,170      
Total revenue                                  $  21,763      $  21,213  
Operating income:
Completion and Production                       $  2,110         $  2,541
Drilling and Evaluation                         1,272            1,191
Corporate and other (a)                        (1,388     )    (554       )
Total operating income                         1,994          3,178      
Interest expense, net                           (233       )     (225       )
Other, net                                     (37        )    (30        )
Income from continuing operations before        1,724            2,923
income taxes
Provision for income taxes (b)                 (380       )    (928       )
Income from continuing operations               1,344            1,995
Loss from discontinued operations, net         (4         )    (22        )
Net income                                     $  1,340       $  1,973   
Noncontrolling interest in net income of       (8         )    (7         )
subsidiaries
Net income attributable to company             $  1,332       $  1,966   
Amounts attributable to company shareholders:
Income from continuing operations               $  1,336         $  1,988
Loss from discontinued operations, net         (4         )    (22        )
Net income attributable to company             $  1,332       $  1,966   
Basic income per share attributable to
company shareholders:
Income from continuing operations               $  1.46          $  2.15
Loss from discontinued operations, net         -              (0.02      )
Net income per share                           $  1.46        $  2.13    
Diluted income per share attributable to
company shareholders:
Income from continuing operations               $  1.45          $  2.14
Loss from discontinued operations, net         -              (0.02      )
Net income per share                           $  1.45        $  2.12    
Basic weighted average common shares            915              925
outstanding
Diluted weighted average common shares         919            927        
outstanding

      Includes a $1.0 billion, pre-tax, charge related to the Macondo well
      incident and a $55 million, pre-tax, charge related to a charitable
(a)  contribution to the National Fish and Wildlife Foundation in the nine
      months ended September 30, 2013, and a $300 million, pre-tax, charge
      related to the Macondo well incident in the nine months ended September
      30, 2012.
(b)   Includes $50 million in federal tax benefits in the nine months ended
      September 30, 2013.
See Footnote Table 2 for certain items included in operating income.

                                                                
HALLIBURTON COMPANY

Condensed Consolidated Balance Sheets

(Millions of dollars)
                                                                   
                                                    (Unaudited)
                                                    September 30  December 31
                                                  2013          2012
Assets
Current assets:
Cash and equivalents                                $   1,491      $   2,484
Receivables, net                                    6,626          5,787
Inventories                                         3,399          3,186
Other current assets (a)                           1,374        1,629
Total current assets                                12,890         13,086
                                                                   
Property, plant, and equipment, net                 10,949         10,257
Goodwill                                            2,125          2,135
Other assets (b)                                   1,984        1,932
Total assets                                       $   27,948   $   27,410
                                                                   
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable                                    $   2,278      $   2,041
Accrued employee compensation and benefits          928            930
Other current liabilities (c)                      1,556        1,781
Total current liabilities                           4,762          4,752
                                                                   
Long-term debt                                      7,816          4,820
Loss contingency for Macondo well incident          1,022          300
Other liabilities                                  1,530        1,748
Total liabilities                                   15,130         11,620
                                                                   
Company shareholders’ equity                        12,788         15,765
Noncontrolling interest in consolidated            30           25
subsidiaries
Total shareholders’ equity                         12,818       15,790
Total liabilities and shareholders’ equity         $   27,948   $   27,410

      Includes $140 million of investments in fixed income securities at
(a)  September 30, 2013, and $270 million of investments in fixed income
      securities at December 31, 2012.
      Includes $133 million of investments in fixed income securities at
(b)   September 30, 2013, and $128 million of investments in fixed income
      securities at December 31, 2012.
(c)   Includes a $278 million loss contingency related to the Macondo well
      incident at September 30, 2013.

                                                       
HALLIBURTON COMPANY

Condensed Consolidated Statements of Cash Flows

(Millions of dollars)

(Unaudited)
                                                         
                                                         Nine Months Ended
                                                         September 30
                                                       2013       2012
Cash flows from operating activities:                              
Net income                                               $ 1,340     $ 1,973
Adjustments to reconcile net income to net cash flows
from operating activities:
Depreciation, depletion, and amortization                1,403       1,197
Loss contingency for Macondo well incident               1,000       300
Payment of Barracuda-Caratinga obligation                (219    )   -
Other, primarily working capital                        (975    )  (1,557  )
Total cash flows from operating activities              2,549     1,913   
                                                                     
Cash flows from investing activities:
Capital expenditures                                     (2,075  )   (2,519  )
Sales of investment securities                           294         250
Purchases of investment securities                       (168    )   (171    )
Other                                                   82        (18     )
Total cash flows from investing activities              (1,867  )  (2,458  )
                                                                     
Cash flows from financing activities:
Payments to reacquire common stock                       (4,356  )   -
Proceeds from long-term borrowings, net of offering      2,968       -
costs
Dividends to shareholders                                (337    )   (250    )
Other                                                   58        132     
Total cash flows from financing activities              (1,667  )  (118    )
                                                                     
Effect of exchange rate changes on cash                 (8      )  (3      )
Decrease in cash and equivalents                         (993    )   (666    )
Cash and equivalents at beginning of period             2,484     2,698   
Cash and equivalents at end of period                   $ 1,491   $ 2,032 

                               
HALLIBURTON COMPANY

Revenue and Operating Income Comparison

By Segment and Geographic Region

(Millions of dollars)

(Unaudited)
                                  
                                  Three Months Ended
                                September 30                   June 30
Revenue by geographic region:    2013           2012           2013
Completion and Production:                                    
North America                     $  2,925        $  2,978        $  2,876
Latin America                     412             373             391
Europe/Africa/CIS                 636             523             576
Middle East/Asia                 528           419           520       
Total                            4,501         4,293         4,363     
Drilling and Evaluation:
North America                     956             965             926
Latin America                     590             579             553
Europe/Africa/CIS                 704             605             723
Middle East/Asia                 721           669           752       
Total                            2,971         2,818         2,954     
Total revenue by region:
North America                     3,881           3,943           3,802
Latin America                     1,002           952             944
Europe/Africa/CIS                 1,340           1,128           1,299
Middle East/Asia                 1,249         1,088         1,272     
Total revenue                    $  7,472      $  7,111      $  7,317  
                                                                  
Operating income by geographic                               
region:
Completion and Production:
North America                     $  489          $  383          $  517
Latin America                     63              40              48
Europe/Africa/CIS                 119             88              74
Middle East/Asia                 92            80            93        
Total                            763           591           732       
Drilling and Evaluation:
North America                     168             174             149
Latin America                     92              106             53
Europe/Africa/CIS                 82              63              87
Middle East/Asia                 108           87            126       
Total                            450           430           415       
Total operating income by
region:
North America                     657             557             666
Latin America                     155             146             101
Europe/Africa/CIS                 201             151             161
Middle East/Asia                 200           167           219       
Corporate and other              (105      )    (67       )    (163      )
Total operating income           $  1,108      $  954        $  984    
                                                                  
See Footnote Table 1 for certain items included in operating income.
See Footnote Table 3 for operating income adjusted for certain items.
See Footnote Table 4 for a reconciliation of as-reported income from
continuing operations to adjusted income from continuing operations.

                                       
HALLIBURTON COMPANY

Revenue and Operating Income Comparison

By Segment and Geographic Region

(Millions of dollars)

(Unaudited)
                                         
                                         Nine Months Ended September 30
Revenue by geographic region:           2013            2012
Completion and Production:                             
North America                            $  8,546         $  9,327
Latin America                            1,158            1,019
Europe/Africa/CIS                        1,744            1,530
Middle East/Asia                        1,516          1,167      
Total                                   12,964         13,043     
Drilling and Evaluation:
North America                            2,843            2,924
Latin America                            1,733            1,592
Europe/Africa/CIS                        2,082            1,766
Middle East/Asia                        2,141          1,888      
Total                                   8,799          8,170      
Total revenue by region:
North America                            11,389           12,251
Latin America                            2,891            2,611
Europe/Africa/CIS                        3,826            3,296
Middle East/Asia                        3,657          3,055      
Total revenue                           $  21,763      $  21,213  
                                                          
Operating income by geographic region:                 
Completion and Production:
North America                            $  1,438         $  1,945
Latin America                            139              149
Europe/Africa/CIS                        257              240
Middle East/Asia                        276            207        
Total                                   2,110          2,541      
Drilling and Evaluation:
North America                            490              530
Latin America                            226              257
Europe/Africa/CIS                        226              167
Middle East/Asia                        330            237        
Total                                   1,272          1,191      
Total operating income by region:
North America                            1,928            2,475
Latin America                            365              406
Europe/Africa/CIS                        483              407
Middle East/Asia                        606            444        
Corporate and other                     (1,388     )    (554       )
Total operating income                  $  1,994       $  3,178   
                                                          
See Footnote Table 2 for certain items included in operating income.


FOOTNOTE TABLE 1



HALLIBURTON COMPANY

Items Included in Operating income

(Millions of dollars)

(Unaudited)
                                                                
                      Three Months Ended    Three Months Ended    Three Months Ended
                      September 30, 2013      September 30, 2012      June 30, 2013
                      Operating   After       Operating   After       Operating   After
                    Income     Tax Per   Income     Tax Per   Income     Tax Per
                                  Share                   Share                   Share
Completion and                                                                
Production:
North America
Restructuring         (30   )     (0.02 )     -           -           -           -
charges
Acquisition-related   -           -           (40   )     (0.02 )     -           -
charge
Latin America
Restructuring         (2    )     -           -           -           -           -
charges
Acquisition-related   -           -           (8    )     (0.01 )     -           -
charge
Europe/Africa/CIS
Restructuring         (4    )     -           -           -           -           -
charges
Middle East/Asia
Restructuring        (4    )    (0.01 )   -         -        -         -     
charges
Drilling and
Evaluation:
North America
Restructuring         (4    )     (0.01 )     -           -           -           -
charges
Latin America                                 
Restructuring         (2    )     -           -           -           -           -
charges
Europe/Africa/CIS
Restructuring         (2    )     -           -           -           -           -
charges
Middle East/Asia
Restructuring        (3    )    -        -         -        -         -     
charges
Corporate and                     
other:
Restructuring         (3    )     -           -           -           -           -
charges
Patent infringement   -           -           20          0.01        -           -
case settlement
Charitable           -         -        -         -        (55   )    (0.04 )
contribution

                                                     
FOOTNOTE TABLE 2



HALLIBURTON COMPANY

Items Included in Operating income

(Millions of dollars)

(Unaudited)
                                                                            
                               Nine Months Ended       Nine Months Ended
                               September 30, 2013        September 30, 2012
                               Operating   After Tax     Operating   After Tax
                             Income     Per         Income     Per
                                           Share                     Share
Completion and Production:                                        
North America
Restructuring charges          (30     )   (0.02  )      -           -
Acquisition-related charge     -           -             (40    )    (0.02  )
Latin America
Restructuring charges          (2      )   -             -           -
Acquisition-related charge     -           -             (8     )    (0.01  )
Europe/Africa/CIS
Restructuring charges          (4      )   -             -           -
Middle East/Asia
Restructuring charges         (4      )  (0.01  )    -         -      
Drilling and Evaluation:
North America
Restructuring charges          (4      )   (0.01  )      -           -
Latin America
Restructuring charges          (2      )   -             -           -
Europe/Africa/CIS
Restructuring charges          (2      )   -             -           -
Middle East/Asia
Restructuring charges         (3      )  -          -         -      
Corporate and other:
Macondo-related charges        (1,000  )   (0.69  )      (300   )    (0.20  )
Charitable contribution        (55     )   (0.04  )      -           -
Restructuring charges          (3      )   -             -           -
Patent infringement case      -         -          20        0.01   
settlement

                                                  
FOOTNOTE TABLE 3



HALLIBURTON COMPANY

Adjusted Operating Income Excluding Certain Items

By Segment and Geographic Region

(Millions of dollars)

(Unaudited)
                                                                             
                                                     Three Months Ended
                                                     September 30     June 30
Adjusted operating income by geographic region:     2013     2012   2013
(a)(b)
       Completion and Production:                                   
       North America                                 519       423     517
       Latin America                                 65        48      48
       Europe/Africa/CIS                             123       88      74
      Middle East/Asia                             96      80    93    
      Total                                        803     639   732   
       Drilling and Evaluation:
       North America                                 172       174     149
       Latin America                                 94        106     53
       Europe/Africa/CIS                             84        63      87
      Middle East/Asia                             111     87    126   
      Total                                        461     430   415   
       Adjusted operating income by region:
      North America                                 691       597     666
       Latin America                                 159       154     101
       Europe/Africa/CIS                             207       151     161
      Middle East/Asia                             207     167   219   
      Corporate and other                          (102  )  (87 )  (108  )
      Adjusted total operating income              1,162   982   1,039 

      Management believes that operating income adjusted for the
      restructuring-related charges for the three months ended September 30,
      2013, for the acquisition-related charge and patent infringement case
      settlement for the three months ended September 30, 2012, and for the
      charge related to a charitable contribution for the three months ended
      June 30, 2013 is useful to investors to assess and understand operating
(a)  performance, especially when comparing those results with previous and
      subsequent periods or forecasting performance for future periods,
      primarily because management views the excluded items to be outside of
      the company's normal operating results. Management analyzes operating
      income without the impact of these items as an indicator of performance,
      to identify underlying trends in the business, and to establish
      operational goals. The adjustments remove the effects of these expenses.
(b)   Adjusted operating income for each segment and region is calculated as:
      "Operating income" less "Items Included in Operating Income."


FOOTNOTE TABLE 4



HALLIBURTON COMPANY

Reconciliation of As Reported Income from Continuing Operations to

Adjusted Income from Continuing Operations

(Millions of dollars)

(Unaudited)
                                                               
                                             Three Months Ended   Three Months
                                             September 30        Ended
                                                                  June 30
                                           2013                2013
As reported income from continuing           $       707          642
operations attributable to company
Restructuring charges, net of tax (a)        38                   -
Charitable contribution, net of tax (a)     -                   35
Adjusted income from continuing operations  $       745         677
attributable to company (a)
                                                                  
Diluted weighted average common shares       894                  928
outstanding
                                                                  
As reported income from continuing           $       0.79         0.69
operations per diluted share (b)
Adjusted income from continuing operations  $       0.83        0.73
per diluted share (b)

      Management believes that income from continuing operations adjusted for
      the restructuring-related charges for the quarter ended September 30,
      2013, and the charitable contribution for the quarter ended June 30,
      2013, is useful to investors to assess and understand operating
      performance, especially when comparing those results with previous and
      subsequent periods or forecasting performance for future periods,
      primarily because management views the excluded items to be outside of
(a)  the company's normal operating results. Management analyzes income from
      continuing operations without the impact of these items as an indicator
      of performance, to identify underlying trends in the business, and to
      establish operational goals. The adjustments remove the effect of these
      expenses. Adjusted income from continuing operations attributable to
      company is calculated as: “As reported income from continuing operations
      attributable to company” plus "Restructuring charges, net of tax" for
      the quarter ended September 30, 2013 and plus “Charitable contribution,
      net of tax” for the quarter ended June 30, 2013.
      As reported income from continuing operations per diluted share is
      calculated as: "As reported income from continuing operations
      attributable to company" divided by "Diluted weighted average common
(b)   shares outstanding." Adjusted income from continuing operations per
      diluted share is calculated as: "Adjusted income from continuing
      operations attributable to company" divided by "Diluted weighted average
      common shares outstanding."
      

                           Conference Call Details

Halliburton (NYSE:HAL) will host a conference call on Monday, October21,
2013, to discuss the third quarter 2013 financial results. The call will begin
at 8:00 AM Central Time (9:00 AM Eastern Time).

Halliburton’s third quarter press release will be posted on the Halliburton
website at www.halliburton.com. Please visit the website to listen to the call
live via webcast. In addition, you may participate in the call by telephone at
(703) 639-1124. A passcode is not required. Attendees should log in to the
webcast or dial in approximately 15 minutes prior to the call’s start time.

A replay of the conference call will be available on Halliburton’s website for
seven days following the call. Also, a replay may be accessed by telephone at
(703) 925-2533, passcode 1620431.

Contact:

Halliburton, Investor Relations
Kelly Youngblood, 281-871-2688
investors@halliburton.com
or
Halliburton, Corporate Affairs
Cindy Bigner, 281-871-2601
PR@halliburton.com