Credit Suisse Energy Summit February 7, 2012 Mark McCollum Executive Vice President and Chief Financial Officer
2011 Major Achievements Record financial performance Record revenue and operating income Records for most geographies and product lines Numerous first international shale fracture treatments Key deepwater wins around the globe…
Financial Objectives Superior growth Superior margins Superior returns 4
Outperforming the Competition Total Revenue (Indexed) Total Operating Income** (Indexed) Q108 to Q411 Q108 to Q411 HAL SLB* BHI* HAL SLB* BHI* 180 175 200 180 174 160 160 137 140 140 113 120 120 100 126 107 80 100 60…
Not Just in North America Latin America Revenue Eastern Hemisphere Revenue Q108 to Q411 Q108 to Q411 HAL SLB* BHI* HAL SLB* BHI* 140 200 125 180 172 120 160 168 117 140 153 100 104 120 100 80 80 60 60 1Q 08 4Q 09 4Q 11…
Superior Margins and Returns Operating Income %* Return on Average Capital Employed** 2008 to 2011 2008 to 2011 HAL SLB BHI HAL SLB BHI 23% 28% 22% 20% 19% 23% 18% 17% 21% 16% 16% 15% 19% 14% 15% 15%15% 14% 10% 11% 7%…
First Quarter International Decline in International Op Income Impact in Q1 2012 Q4 to Q1 (M) Q406- Q107 Q407- Q108 Q408- Q109 Q409- Q110 Q410- Q111 Customers annual budget- related seasonality (54) Weather-related…
First Quarter North America US Natural Gas Rigs Impact in Q1 2012 1,000 950 Weather normally an impact in the first quarter given our 900 strong share in Rockies and northern states 850 800 Shifting crews from gas to oil…
Outlook Evolution of the Global Market North America North America International 5 years ago today Market Supported by oil (global commodity) Large, stable customer base High demand for technology Long-term service contracts…
Reinventing the Service Delivery Platform Reducing Footprint Increasing Equipment Reliability Commercializing Environmental Technologies Developing New Fracture Model Optimizing Downhole Completions 11
Market Drivers in the Upcoming Cycle Unconventionals Deepwater Mature Fields 12
Growth in Unconventionals Outside North America Unconventional Basins Tight Gas Shale Gas Coalbed Methane Recent Halliburton Fracturing Work 1,275 Technically Recoverable Shale Gas (Trillion Cubic Feet) 862 774 681…
Exporting Expertise Global Consulting Engagements 150 basins screened Analogs Developed Frac of the Future Reduced footprint Reduced capital requirements Environmental Performance CleanSuiteTM Water re-use Global Reach -…
Market Drivers in the Upcoming Cycle Unconventionals Deepwater Mature Fields 15
Deepwater Growth Beyond the Golden Triangle Norway Azerbaijan Israel Gulf of Vietnam Mexico Malaysia / Tanzania Brunei Selected Recent DW Wins Nigeria Papua New Indonesia Guinea Halliburton DW Operations Angola…
Market Drivers in the Upcoming Cycle Unconventionals Deepwater Mature Fields 17
Accelerating Mature Asset Strategy Boots & Coots Foundation Multi-Chem Acquisition No. 4 provider of production chemicals in North America Substantial international growth opportunity Strong synergies Large consulting led…
Summary 2011 was marked by several accomplishments: Achieved goals of superior growth, margins and returns for second consecutive year Accomplished several firsts in international unconventionals Expanded our footprint in…
Loading...
