halliburton
The Halliburton Company was founded in 1919 and is one of the world’s largest providers of products and services to the oil and gas and military services industries. [1]
One of the largest oilfield services companies in the world, Halliburton serves the upstream oil and gas industry with a complete range of services, from the location of hydrocarbons to the production of oil and gas. [2]
Halliburton’s former subsidiary, KBR, is a major construction company of refineries, oil fields, pipelines, and chemical plants. [3]
Halliburton is a leader in the oil services industry, it provides engineering and construction services for oil extraction and development. [4]
Services include providing production optimization, drilling evaluation, fluid services, and oilfield drilling software and consulting. [2]
Throughout the 1980s, Halliburton’s subsidiaries continued their projects around the world, even in countries once considered enemies. [3]
Conversely, the company is still incorporated in the U.S., generating approximately 39% of its revenue from this country in 2009. [5]
A patent for a cylindrical packer in 1880 launched Dresser’s oilfield products manufacturing business…In 1988, Dresser Industries acquired M.W. Kellogg, a pipe fabrication business started by Morris W. Kellogg in 1900. [1]
Charles Domini, a retired three-star general hired by Cheney in 1995 to work as vice president of business development for Kellogg Brown & Root, has been on both sides of the revolving door between Halliburton and the military. [4]
The company has its headquarters in the North Belt office in Houston, Texas, and in offices in Dubai, United Arab Emirates (opened March, 2007) where Chairman and CEO David J. Lesar works and resides, “to Focus [the] Company’s Eastern Hemisphere Growth.” [3]
But an internal Pentagon email later obtained by Time magazine indicates that months before the war “action” on the Iraqi oil contract was “coordinated” with Cheney’s office. [4]
Halliburton (NYSE: HAL) is a top three provider of support services for early stage energy production with revenues, for the first quarter of 2010, of $3.8B and 2009 total revenues of $14.7B and operating income of $1.99B. [5]
This contract was a cost plus 13% contract and BRS employees were trained on how to pass GAO audits to ensure maximum profits were attained. [3]
Of these, 50,000 shares were offered to employees before the balance was offered to the public. [2]
We’re featuring new information on the dangers of drilling for methane gas (commercially labeled “natural” gas) in New York and other states. [1]
Sources:
[1] Halliburton Company - SourceWatch
[2] Halliburton Co: Information from Answers.com
[3] Halliburton - Wikipedia, the free encyclopedia
[4] CorpWatch : Halliburton
[5] Stock:Halliburton Company (HAL)