In 2025, Halliburton refreshed its climate risk and opportunity assessment and scenario analysis to identify changes in the potential impacts of climate-related risks and opportunities on our business model and value chain.
We look at the short-term (< 1 year), medium-term (1-5 years), and long-term (6-10 years) to determine potential financial impact to our business and prioritize strategy and capital decisions accordingly
It is important to note that climate scenarios represent a range of possible future outcomes informed by different assumptions. These scenarios are not forecasts, but rather analytical tools that explore how the future could unfold under varying global conditions. Recognizing that no single scenario can reflect all possible outcomes. Given the inherent uncertainties, it is not possible to determine which, if any, of these scenarios will materialize.
Expanding opportunities in CCUS, hydrogen, geothermal, and other low-carbon and energy sectors, supported by Halliburton's transferable expertise and equipment, reduce our exposure to transition risks.
Applicable scenario: Lower emissions
Time horizon: Medium to long
Applicable scenario: Higher & lower emissions
Time horizon: Medium to long
Applicable scenario: Lower emissions
Time horizon: Medium to long
Applicable scenario: Higher and lower emissions
Time horizon: Medium to long
Over the years our locations have experienced weather events such as hurricanes, tornadoes, hailstorms, flooding, and winter snow/ice storms. Weather impacts typically result in temporary delays with no long-term sustained impact. We closely monitor each acute weather event and weather trends to assess our response plans and reduce the possible business impact of these physical risks. Our diverse manufacturing base and supply chain also minimize the risk of local impacts.
| Risk type | Scenarios | Category |
|---|---|---|
| Physical risk analysis | Shared Socioeconomic Pathways (SSP) 2-4.5 (2.1-3.5°C) | Lower emissions scenario |
| Shared Socioeconomic Pathways (SSP) 5-8.5 (3.3-5.7°C) | Higher emissions scenario | |
| Transition risk and opportunity analysis | IEA NZ (1.5°C) | Lower emissions scenario |
| IEA STEPS (2.4-2.6°C) | Higher emissions scenario |