Halliburton declared a 2018 second quarter dividend of 18 cents a share on the company’s common stock during its recent annual shareholders meeting.
Stockholders also elected as 12 nominees to the board of directors but rejected the executive compensation proposed by the board.
“Our Board of Directors has structured our program to align executive compensation with the creation of shareholder returns, which have exceeded our peers over the last one, three and five year periods and to attract, motivate, and retain executives which is especially important during a CEO transition period. This is the first time our annual executive compensation proposal has not passed,” stated the company in an announcement.
Stockholders elected board members Abdulaziz F. Al Khayyal, William E. Albrecht, Alan M. Bennett, James R. Boyd, Milton Carroll, Nance K. Dicciani, Murry S. Gerber, José C. Grubisich, David J. Lesar, Robert A. Malone, Jeffrey A. Miller, and Debra L. Reed.
Founded in 1919 in Oklahoma, Halliburton has gone on to become one of the world’s largest providers of products and services to the energy industry. The company, now headquartered in Houston rather than in Duncan, Oklahoma has more than 55,000 employees.