Halliburton Company

Halliburton Company

The Halliburton Company is a North American company currently operating in more than 60 countries, one of the largest oilfield service providers in the world. It owns hundreds of subsidiaries, affiliates, branches, brands, and departments worldwide and employs approximately 55,000 people. The company has dual headquarters in Houston and Dubai, where chairman and CEO David Lesser works and lives, “to focus on [the company’s] Eastern Hemisphere growth.” The company will be included in the United States. Holly Burton’s main business area is the Energy Services Group. The company has dual headquarters in Houston and Dubai but is based in the United States.

When hired by Parkinson’s Oil Well Cementing Co. in California in 1916, the company’s founder, Ariel P., explained how oil could be used to secure and seal oil-well bores. Halliburton learned. He was soon fired from the company for changing procedures without approval, and eventually found his way to Barcburnett, Texas, where oil was discovered in 1918. Halliburton is a vibrant fuel industry. Founded in 1919 as New Method Oil Well Cementing Company, the company changed its name to Hollyburton in 1961. KBR, a former subsidiary of Halliburton, is a large construction company of refineries, oil fields, pipelines, and chemical plants. Halliburton announced on April 5, 2007, that it had severed its corporate relationship with KBR by selling the division, which had contracts, engineering, and construction units as part of the company. In 2002 the company agreed to pay about 5.5 billion in cash and stock to settle all claims. Dresser’s MW. The Kellogg Engineering assistant merged with Brown and Root to form the Kellogg Brown and Root (KBR) division in Halliburton. In addition to its involvement with Dick Cheney, the organization has been embroiled in controversy – including the US Secretary of Defense, the then CEO of the company, the then US Vice President – and the Iraq War and Deepwater Horizon, for which it agreed. 1.1 billion to settle outstanding legal claims against it.

The company announced full-year results for the fiscal year 2019 on January 21, 2020, with revenues of  22.4 billion. This is a decrease of 7% from the previous year or 1.6 billion. Halliburton posted an operating loss of $ 447 million in the fiscal year 2018. The following year a civil court dismissed Hollyburton and divided her liability for the disaster into 3 percent. The agency settled the claim with the plaintiff for about 1.1 billion.

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