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Halliburton Company is an American
multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...
and the world's second-largest oil service company which is responsible for most of the world's
fracking Fracking (also known as hydraulic fracturing, fracing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of formations in bedrock by a pressurized liquid. The process involves the high-pressure inje ...
operations. It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries. The company, though incorporated in the United States, has dual headquarters located in
Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...
and in
Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
.''"Halliburton to Move Headquarters to Dubai"''
– ''
All Things Considered ''All Things Considered'' (''ATC'') is the flagship news program on the American network National Public Radio (NPR). It was the first news program on NPR, premiering on May 3, 1971. It is broadcast live on NPR affiliated stations in the United ...
'' –
NPR National Public Radio (NPR) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It serves as a national Radio syndication, syndicator to a network of more ...
– March 12, 2007
Steffy, Loren
''"Halliburton heralds Houston's hereafter"''
Houston Chronicle The ''Houston Chronicle'' is the largest daily newspaper in Houston, Houston, Texas, United States. it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. ...
– March 14, 2007
Steffy, Loren
''"Sound Off: Halliburton's Dubai kiss"''
- Houston Chronicle - March 14, 2007
Halliburton's major business segment is the Energy Services Group (ESG). KBR, a
public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...
and former Halliburton subsidiary, is a major construction company of
refineries A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries a ...
, oil fields,
pipelines A pipeline is a system of pipes for long-distance transportation of a liquid or gas, typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countries around the world. The Un ...
, and
chemical plant A chemical plant is an industrial process plant that manufactures (or otherwise processes) chemicals, usually on a large scale. The general objective of a chemical plant is to create new material wealth via the chemical or biological transfor ...
s. Halliburton announced on April 5, 2007, that it had sold the division and severed its corporate relationship with KBR, which had been its contracting, engineering and construction unit as a part of the company.''"Halliburton Completes Separation of KBR"''
2007 Press Releases - Halliburton.com - April 5, 2007
The company has been criticized for its involvement in numerous controversies, including its involvement with
Dick Cheney Richard Bruce Cheney ( ; born January 30, 1941) is an American former politician and businessman who served as the 46th vice president of the United States from 2001 to 2009 under President George W. Bush. He has been called vice presidency o ...
– as U.S. Secretary of Defense, then CEO of the company, then
vice president of the United States The vice president of the United States (VPOTUS) is the second-highest ranking office in the Executive branch of the United States government, executive branch of the U.S. federal government, after the president of the United States, and ranks f ...
– and the
Iraq War The Iraq War (), also referred to as the Second Gulf War, was a prolonged conflict in Iraq lasting from 2003 to 2011. It began with 2003 invasion of Iraq, the invasion by a Multi-National Force – Iraq, United States-led coalition, which ...
, and the ''
Deepwater Horizon ''Deepwater Horizon'' was an ultra-deepwater, Dynamic positioning, dynamically positioned, Semi-submersible platform, semi-submersible offshore drilling Oil platform, rig owned by Transocean and operated by the BP company. On 20 April 2010, ...
'', for which it agreed to settle outstanding legal claims against it by paying litigants $1.1 billion. KBR, one of Halliburton's subsidiaries at the time, paid bribes to high-ranking Nigerian officials between 1994 and 2004. Under a deal reached with the
U.S. Justice Department The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the U.S. government that oversees the domestic enforcement of Law of the Unite ...
, Halliburton has agreed to pay $382 million to settle the bribery case. In 2015, Halliburton was found guilty in court for illegal retaliation against a
whistleblower Whistleblowing (also whistle-blowing or whistle blowing) is the activity of a person, often an employee, revealing information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe, unethical or ...
who filed a report with the SEC over concerns that the company was illegally concealing billions of dollars. The company has also been criticized for refusing to comply with
United States Environmental Protection Agency The Environmental Protection Agency (EPA) is an independent agency of the United States government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it began operation on De ...
requests for transparency around chemicals it uses in hydraulic fracturing. Jeff Miller was promoted to President of Halliburton on August 1, 2014, and CEO on June 1, 2017, replacing Dave Lesar.


Business overview


Locations

The company has multiple headquarters located in
Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...
and in
Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
, but it remains incorporated in the United States of America.


Divisions

Energy services (the company's historical cornerstone),
formation evaluation Formation Evaluation in Petroleum Engineering is the process of assessing subsurface rock formations to determine their ability to produce oil and gas. It helps identify hydrocarbon-bearing zones, understand reservoir properties, and make decision ...
, digital and
consulting services A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...
, production volume optimization, and fluid systems are the major business segments. These businesses continue to be profitable, and the company is one of the world's largest participants in these service industries; it is second after
Schlumberger Schlumberger (), doing business as SLB, is a global multinational oilfield services company. Founded in France in 1926, the company is now incorporated as Schlumberger NV in Willemstad, Curaçao, with principal executive offices in Houston ...
, and is followed by
Saipem Saipem S.p.A. (Società Azionaria Italiana Perforazioni E Montaggi lit. ''Drilling and Assembly Italian Public Limited Company'') is an Italian multinational oilfield services company and one of the largest in the world. Until 2016 it was a sub ...
,
Weatherford International Weatherford International plc is an American multinational oilfield service company, headquartered in the US and operating in 75 countries globally across the oil and natural gas producing regions. The company provides technical equipment an ...
, and
Baker Hughes Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and serv ...
. With the acquisition of
Dresser Industries Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its ...
in 1998, the Kellogg-Brown & Root division (in 2002 renamed to KBR) was formed by merging Halliburton's Brown & Root (acquired 1962) subsidiary and the M.W. Kellogg division of Dresser (which Dresser had merged within 1988). KBR is a major international construction company that works in an industry that tends to have an element of volatility and is subject to significant fluctuations in revenue and
profit Profit may refer to: Business and law * Profit (accounting), the difference between the purchase price and the costs of bringing to market * Profit (economics), normal profit and economic profit * Profit (real property), a nonpossessory inter ...
.
Asbestos Asbestos ( ) is a group of naturally occurring, Toxicity, toxic, carcinogenic and fibrous silicate minerals. There are six types, all of which are composed of long and thin fibrous Crystal habit, crystals, each fibre (particulate with length su ...
-related litigation from the Kellogg acquisition caused the company to book more than US$4.0  billion in losses from 2002 through 2004. As a result of the asbestos-related costs and staggering losses on the Barracuda Caratinga FPSO construction project based in Rio de Janeiro, Brazil, Halliburton lost approximately $900  million
U.S. The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...
a year from 2002 through 2004. A final non-appealable settlement in the asbestos case was reached in January 2005 which allowed Halliburton subsidiary KBR to exit Chapter 11 bankruptcy and returned the company to quarterly profitability. While Halliburton's revenues have increased because of its contracts in the
Middle East The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western Eur ...
, the overall impact on its bottom line has been mixed. At a meeting for investors and analysts in August 2004, a plan was outlined to divest the KBR division through a possible sale,
spin-off Spin-off, Spin Off, Spin-Off, or Spinoff may refer to: Entertainment and media *Spinoff (media), a media work derived from an existing work *''The Spinoff'', a New Zealand current affairs magazine * ''Spin Off'' (Canadian game show), a 2013 Canad ...
or
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
. Analysts at
Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...
valued KBR at up to $2.15 billion, while others believed it could be worth closer to $3 billion by 2005. KBR became a separately listed company on April 5, 2007.


History


Early history (as HOWCO)

The company was started in 1919 by
Erle P. Halliburton Erle Palmer Halliburton (September 22, 1892 – October 13, 1957) was an American businessman specializing in oil field services. Early life Halliburton was born on September 22, 1892, near Henning, Tennessee, Henning, Tennessee, the son of Lou ...
as the New Method Oil Well Cementing Company. In 1920, he brought a wild gas well under control, using cement, for W.G. Skelly, near
Wilson, Oklahoma Wilson is a town in Carter County, Oklahoma, United States. As of the 2020 census, the community had 1,399 residents. It is about 17 miles west of Ardmore off US Route 70, and is part of the Ardmore, Oklahoma Micropolitan Statistical Area. I ...
. On March 1, 1921, the Halliburton "method and means of excluding water from oil wells" was assigned a patent from the
U.S. Patent Office The United States Patent and Trademark Office (USPTO) is an agency in the U.S. Department of Commerce that serves as the national patent office and trademark registration authority for the United States. The USPTO's headquarters are in Alex ...
. Halliburton invented the revolutionary cement jet mixer, to eliminate hand-mixing of cement, and the measuring line, a tool used to guarantee cementing accuracy. By 1922, the Halliburton Oil Well Cementing Company (HOWCO) was prospering from the
Mexia, Texas Mexia ( or ) is a city in Limestone County, Texas, United States. The population was 6,893 at the 2020 census. The city's motto, based on the fact that outsiders tend to mispronounce the name as (), is "A great place to live, no matter how ...
oil boom, having cemented its 500th well in late summer. In 1924, the company was incorporated in
Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...
, with 56 people on its payroll. The stock of the corporation was owned by Erle and Vida Halliburton and by seven major oil companies: Magnolia, Texas, Gulf, Humble, Sun, Pure and Atlantic. In 1926, its first foreign venture began with sale of equipment to
Burma Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and ha ...
and
India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
. Throughout the 1930s and 1940s, Halliburton continued cementing across America. In 1938, Halliburton cemented its first offshore well using a truck on a barge off the Louisiana coast. In 1940, Halliburton opened offices in
Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...
and introduced bulk handling of cementing to the industry. In 1947, the Halliburton first marine cementing vessel went into service. In 1951, Halliburton first appeared in Europe as Halliburton Italiana SpA, a wholly owned subsidiary in Italy. Over the next seven years, Halliburton launched Halliburton Company Germany GmbH, set up operations in Argentina and established a subsidiary in England. By 1951, HOWCO had service centers operating in Canada, Venezuela, Peru, Colombia, Saudi Arabia and Indonesia. Halliburton revenues topped $100 million for the first time in 1952. Erle P. Halliburton died in
Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...
in 1957. HOWCO is at this time worth $190 million with camps all over the world. The same year, HOWCO purchased Welex, which pioneered jet perforation. Otis Engineering, an oil field service and equipment company specializing in manufacturing pressure control equipment for oil and gas producing wells, was acquired in 1959.


As Halliburton

On July 5, 1961, the company changed its name to the Halliburton Company. In 1963, Halliburton was the first company in Oklahoma to receive the Presidential "E" for Export flag in recognition of notable contributions to foreign trade. Halliburton opened a manufacturing center in
Duncan, Oklahoma Duncan is a city in and the county seat of Stephens County, Oklahoma, United States. Its population was 22,310 at the 2020 United States census, 2020 census. Centrally located in Stephens County, Duncan became the county seat after Oklahoma achie ...
, in 1964. The company began to experiment with new technologies to help their services – for example, beginning in 1965 a pilot operation of a computer network system – the first such installation in the oilfield services industry. In 1966, workers broke ground for a new wing at the Research Center in Duncan that tripled the available space for the Chemical Research and Design Department. In 1968, an automated mixing system for drilling mud was developed by Halliburton, primarily for use offshore.
Gearhart Industries Gearhart Industries, The GO Company (formerly GO Oil Well Services, Gearhart-Owen Industries) was an oil well service company founded by Marvin Gearhart and Harrold Owen in 1955 and based in Fort Worth, Texas, United States. It provided well loggi ...
(acquired by Halliburton Energy Services in 1989) introduced the first digital computer logging system in 1974. In 1969, Halliburton began construction of a base camp at
Prudhoe Bay Prudhoe Bay is a town located in North Slope Borough in the U.S. state of Alaska. As of the 2020 census, the population of the CDP was 1,310 people, down from 2,174 residents in the 2010 census, and up from just 5 residents in 2000; however ...
on
Alaska Alaska ( ) is a non-contiguous U.S. state on the northwest extremity of North America. Part of the Western United States region, it is one of the two non-contiguous U.S. states, alongside Hawaii. Alaska is also considered to be the north ...
's North Slope. In 1975, it responded to environmental concerns by working with the nonprofit Clean Gulf Associates to contain and clean up oil spills. In 1976, Halliburton established the Halliburton Energy Institute in Duncan, Oklahoma, to provide an industry forum for disseminating technical information. In 1980, Halliburton Research Center opened in Duncan, Oklahoma. The company's billionth sack of cement for customers was pumped in 1983. In 1989, Halliburton acquired logging and perforating specialist company
Gearhart Industries Gearhart Industries, The GO Company (formerly GO Oil Well Services, Gearhart-Owen Industries) was an oil well service company founded by Marvin Gearhart and Harrold Owen in 1955 and based in Fort Worth, Texas, United States. It provided well loggi ...
and combined it with its subsidiary Welex to form Halliburton Logging Services. Throughout the 1980s, Halliburton's subsidiaries continued their projects around the world (under management of former CEO Brian Darcy) even in countries once considered enemies. Equipment was provided for the first multiwell platform offshore China, and an Otis Engineering team controlled a gigantic Tengiz field blowout in the
Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...
.


1990s

Following the end of
Operation Desert Storm Operation or Operations may refer to: Arts, entertainment and media * ''Operation'' (game), a battery-operated board game that challenges dexterity * Operation (music), a term used in musical set theory * ''Operations'' (magazine), Multi-Man ...
in February 1991,
the Pentagon The Pentagon is the headquarters building of the United States Department of Defense, in Arlington County, Virginia, across the Potomac River from Washington, D.C. The building was constructed on an accelerated schedule during World War II. As ...
, led by then defense secretary
Dick Cheney Richard Bruce Cheney ( ; born January 30, 1941) is an American former politician and businessman who served as the 46th vice president of the United States from 2001 to 2009 under President George W. Bush. He has been called vice presidency o ...
, paid Halliburton subsidiary Brown & Root Services over $8.5 million to study the use of private military forces with American soldiers in combat zones. Halliburton crews also helped bring 725 burning oil wells under control in
Kuwait Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait ...
. In 1995, Cheney replaced Thomas H. Cruikshank, as
chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...
and
CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
. Cruikshank had served since 1989. In the early 1990s, Halliburton was found to be in violation of federal trade barriers in Iraq and Libya, having sold these countries
dual-use In politics, diplomacy and export control, dual-use items refer to goods, software and technology that can be used for both civilian and military applications.
oil drilling equipment and, through its former subsidiary, Halliburton Logging Services, sending six pulse neutron generators to Libya. After having pleaded guilty, the company was fined $1.2 million, with another $2.61 million in penalties. During the
Balkans The Balkans ( , ), corresponding partially with the Balkan Peninsula, is a geographical area in southeastern Europe with various geographical and historical definitions. The region takes its name from the Balkan Mountains that stretch throug ...
conflict in the 1990s, Kellogg Brown-Root (KBR) supported U.S. peacekeeping forces in
Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...
,
Croatia Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herze ...
and Hungary with food, laundry, transportation, and other life-cycle management services. In 1998, Halliburton merged with Dresser Industries, which included Kellogg.
Prescott Bush Prescott Sheldon Bush Sr. (May 15, 1895 – October 8, 1972) was an American banker and Republican Party (United States), Republican Party politician. as a Wall Street executive investment banker, he represented Connecticut in the from 1952 ...
was a director of Dresser Industries, which is now part of Halliburton; his son, former president
George H. W. Bush George Herbert Walker BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...
, worked for Dresser Industries in several positions from 1948 to 1951, before he founded
Zapata Corporation HRG Group, Inc., formerly Harbinger Group Inc. and Zapata Corporation, was a holding company based in Rochester, New York, having originated from an oil company started by a group including future U.S. president George H. W. Bush. In 2009, it ...
.


2000s

''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'' reported in 2001 that a subsidiary of Halliburton Energy Services called Halliburton Products and Services Ltd. (HPS) opened an office in
Tehran Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9. ...
. The company, HPS, operated on the ninth floor of a new north Tehran tower block. Although HPS was incorporated in the
Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...
in 1975 and is "non-American", it shares both the logo and name of Halliburton Energy Services and, according to
Dow Jones Newswires Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', ''Barron's'', ''MarketWatch'', ''Mansion Global'', ' ...
, offers services from Halliburton units worldwide through its Tehran office. Such behavior, undertaken while senior Republican (later U.S. vice president) Dick Cheney was CEO of Halliburton, may have violated the
Trading with the Enemy Act Trading with the Enemy Act is a stock short title used for legislation in the United Kingdom and the United States relating to trading with the enemy. ''Trading with the Enemy Acts'' is also a generic name for a class of legislation generally pas ...
. A Halliburton spokesman, responding to inquiries from
Dow Jones Dow Jones is a combination of the names of business partners Charles Dow and Edward Jones. Dow Jones & Company Dow, Jones and Charles Bergstresser founded Dow Jones & Company in 1882. That company eventually became a subsidiary of News Corp, an ...
, said "This is not breaking any laws. This is a foreign subsidiary and no U.S. person is involved in this. No U.S. person is facilitating any transaction. We are not performing directly in that country." No legal action has been taken against the company or its officials. Later, David J. Lesar, Halliburton's chief executive, announced that Halliburton would withdraw from Iran. In April 2002, KBR was awarded a $7 million contract to construct steel holding cells at
Camp X-Ray Camp X-Ray was a temporary detention facility at the Guantanamo Bay detention camp of Joint Task Force 160 on board the United States Naval Station Guantanamo Bay. The first twenty detainees arrived at Guantanamo on 11 January 2002. It was n ...
. In November 2002, KBR was tasked to plan oil well firefighting in Iraq, and in February 2003 was issued a contract to conduct the work. Critics contend that it was a no-bid contract, awarded due to Dick Cheney's position as vice president. Concern was also expressed that the contract could allow KBR to pump and distribute Iraqi oil. Others contend, however, that this was not strictly a ''no-bid contract,'' and was invoked under a contract that KBR won "in a competitive bid process." The contract, referred to as LOGCAP, is a contingency-based contract that is invoked at the convenience of the Army. Because the contract is essentially a retainer, specific orders are not competitively bid (as the overall contract was). In May 2003, Halliburton revealed in
SEC filings The SEC filing is a financial statements, financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public company, Public companies, certain insiders, and broker-dealers are required to make regu ...
that its KBR subsidiary had paid a Nigerian official $2.4 million in
bribes Bribery is the corrupt solicitation, payment, or acceptance of a private favor (a bribe) in exchange for official action. The purpose of a bribe is to influence the actions of the recipient, a person in charge of an official duty, to act contrar ...
in order to receive favorable
tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
treatment.,
United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...
In October 2004, after emerging from the bankruptcy protection, Halliburton opened a new facility on , replacing an older facility that opened in 1948, in
Rock Springs, Wyoming Rock Springs is a city in Sweetwater County, Wyoming, United States. The population was 23,526 at the 2020 census, making it the fifth most populous city in the state of Wyoming, and the most populous city in Sweetwater County. Rock Springs is ...
. With over 500 employees, Halliburton is one of the largest private employers in
Sweetwater County Sweetwater County is a County (United States), county in southwestern Wyoming, United States. As of the 2020 United States census, the population was 42,272, making it the List of counties in Wyoming, fourth-most populous county in Wyoming. Its ...
. On January 24, 2006, Halliburton's subsidiary KBR (formerly Kellogg, Brown and Root) announced that it had been awarded a $385 million contingency contract by the
Department of Homeland Security The United States Department of Homeland Security (DHS) is the U.S. federal executive department responsible for public security, roughly comparable to the interior, home, or public security ministries in other countries. Its missions invol ...
to build "temporary detention and processing facilities" or
internment Internment is the imprisonment of people, commonly in large groups, without Criminal charge, charges or Indictment, intent to file charges. The term is especially used for the confinement "of enemy citizens in wartime or of terrorism suspects ...
camps. According to ''
Business Wire Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, ...
'', this contract will be executed in cooperation with the
U.S. Army Corps of Engineers The United States Army Corps of Engineers (USACE) is the military engineering branch of the United States Army. A direct reporting unit (DRU), it has three primary mission areas: Engineer Regiment, military construction, and civil wor ...
,
Fort Worth Fort Worth is a city in the U.S. state of Texas and the county seat of Tarrant County, Texas, Tarrant County, covering nearly into Denton County, Texas, Denton, Johnson County, Texas, Johnson, Parker County, Texas, Parker, and Wise County, Te ...
District. Critics point to the
Guantanamo Bay detention camp The Guantanamo Bay detention camp, also known as GTMO ( ), GITMO ( ), or simply Guantanamo Bay, is a United States military prison within Naval Station Guantanamo Bay (NSGB), on the coast of Guantánamo Bay, Cuba. It was established in 2002 by p ...
as a possible model. According to a press release posted on the Halliburton website, "The contract, which is effective immediately, provides for establishing temporary detention and processing capabilities to augment existing
Immigration and Customs Enforcement The United States Immigration and Customs Enforcement (ICE; ) is a federal law enforcement agency under the United States Department of Homeland Security. ICE's stated mission is to protect the United States from transnational crime and ille ...
(ICE) Detention and Removal Operations (DRO) Program facilities in the event of an emergency influx of immigrants into the U.S., or to support the rapid development of new programs. The contingency support contract provides for planning and, if required, initiation of specific engineering, construction and logistics support tasks to establish, operate and maintain one or more expansion facilities." In February 2008, a hard disk and two computers containing classified information were stolen from
Petrobras Petróleo Brasileiro S.A., better known by and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...
while in Halliburton's custody. Allegedly, the content inside the stolen material was data on the recently discovered
Tupi oil field The Tupi oil field (reverted from Lula oil field) is a large oil field located in the Santos Basin, off the coast of Rio de Janeiro, Brazil. The field was originally nicknamed in honor of the Tupi people and later named after the mollusc, how ...
. Initial police inquiries suggest that it could be a common container theft operation. The container was a ramshackle in complete disorder indicating that thieves were after "valuables and not only laptops," said an expert consulted by the daily newspaper Folha de S. Paulo. In 2008, Halliburton agreed to outsource its mission-critical information technology infrastructure to a Dallas/Fort Worth Metroplex data center operated by CyrusOne Networks LLC. On May 14, 2010, President
Barack Obama Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. O ...
said in an interview with
CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...
that "you had executives of BP and Transocean and Halliburton falling over each other to point the finger of blame at somebody else" when referring to the congressional hearings held during the
Deepwater Horizon oil spill The ''Deepwater Horizon'' oil spill was an environmental disaster off the coast of the United States in the Gulf of Mexico, on the BP-operated Macondo Prospect. It is considered the largest marine oil spill in the history of the petroleum in ...
. "The American people could not have been impressed with that display, and I certainly wasn't." According to Tim Probert, executive vice president of Halliburton, "Halliburton, as a service provider to the well owner, is contractually bound to comply with the well owner's instructions". It was anticipated that Halliburton's $2.5 billion "Restore Iraqi Oil" (RIO) contract would pay for itself as well as for reconstruction of the entire country. Plans called for more oil to be exported from Iraq's northern oil fields than actually occurred. Halliburton's work on the pipeline crossing the
Tigris The Tigris ( ; see #Etymology, below) is the eastern of the two great rivers that define Mesopotamia, the other being the Euphrates. The river flows south from the mountains of the Armenian Highlands through the Syrian Desert, Syrian and Arabia ...
river at
Al Fatah Fatah ( ; ), formally the Palestinian National Liberation Movement (), is a Palestinian nationalist and Arab socialism, Arab socialist political party. It is the largest faction of the Confederation, confederated multi-party Palestine Libera ...
has been called a failure. Critics claim that the oil fields are barely usable and access to international markets is severely limited. As an example, against the advice of its own experts, Halliburton attempted to dig a tunnel through a geological
fault zone In geology, a fault is a planar fracture or discontinuity in a volume of rock across which there has been significant displacement as a result of rock-mass movements. Large faults within Earth's crust result from the action of plate tectonic f ...
. The underground terrain was a jumble of boulders, voids, cobblestones, and gravel and not appropriate for the kind of drilling Halliburton planned. "No driller in his right mind would have gone ahead," said Army geologist Robert Sanders when the military finally sent people to inspect the work.


Proposed acquisition of Baker Hughes

On November 17, 2014, Halliburton and
Baker Hughes Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and serv ...
jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction valued at $34.6 billion. A press release made available on the former's website, as at December 11, 2014 detailed the restructuring in the integration to follow. The firm announced it would acquire
Baker Hughes Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and serv ...
for around $35 billion in cash and stock, creating an oilfield services company that aims to compete with
Schlumberger Schlumberger (), doing business as SLB, is a global multinational oilfield services company. Founded in France in 1926, the company is now incorporated as Schlumberger NV in Willemstad, Curaçao, with principal executive offices in Houston ...
. Prior to the merger of Baker Hughes and Halliburton, Halliburton must divest over $5 billion of its assets according to the regulations created by US competition enforcement authorities. The merger had a deadline of the end of April 2016 after which, if a decision had not been made, both companies could walk away from the deal if they chose. At the beginning of May 2016, the day after the deadline expired, Halliburton and Baker Hughes announced the termination of the merger agreement.


Chemical plant in Saudi Arabia

On March 1, 2022, Halliburton inaugurated its MultiChem facility in
Jubail Jubail (, ''Al Jubayl'') is a city in the Eastern province on the Persian Gulf coast of Saudi Arabia, with a total population of 474,679 as of 2022. It is home to one of the largest industrial cities in the world. It is also home to the Middle ...
PlasChem Park, which will make
Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...
an
export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is a ...
er of specialty products from an
import An importer is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. Import is part of the International Trade which involves buying and receivin ...
er of specialty products.


Controversies and criticism


Iraq War

Halliburton has become the object of several controversies involving the
Iraq War The Iraq War (), also referred to as the Second Gulf War, was a prolonged conflict in Iraq lasting from 2003 to 2011. It began with 2003 invasion of Iraq, the invasion by a Multi-National Force – Iraq, United States-led coalition, which ...
and the company's ties to former U.S. Vice President
Dick Cheney Richard Bruce Cheney ( ; born January 30, 1941) is an American former politician and businessman who served as the 46th vice president of the United States from 2001 to 2009 under President George W. Bush. He has been called vice presidency o ...
. Cheney retired from the company during the 2000 U.S. presidential election campaign with a severance package worth $36 million. As of 2004, he had received $398,548 in
deferred compensation Deferred compensation is an arrangement in which a portion of an employee's wage is paid out at a later date after which it was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options. The primary ...
from Halliburton while Vice President. Cheney was chairman and CEO of Halliburton Company from 1995 to 2000 and has received stock options from Halliburton. In the run-up to the Iraq War, Halliburton was awarded a $7 billion contract for which only Halliburton was allowed to bid. Bunnatine Greenhouse, a civil servant with 20 years of contracting experience, had complained to Army officials on numerous occasions that Halliburton had been unlawfully receiving special treatment for work in Iraq, Kuwait and the Balkans. Criminal investigations were opened by the U.S. Justice Department, the Federal Bureau of Investigation (
FBI The Federal Bureau of Investigation (FBI) is the domestic Intelligence agency, intelligence and Security agency, security service of the United States and Federal law enforcement in the United States, its principal federal law enforcement ag ...
) and the Pentagon's inspector general. These investigations found no wrongdoing within the contract award and execution process. In one of Greenhouse's claims, she said that military auditors caught Halliburton overcharging the Pentagon for fuel deliveries into Iraq. She also complained that Defense Secretary
Donald Rumsfeld Donald Henry Rumsfeld (July 9, 1932 – June 29, 2021) was an American politician, businessman, and naval officer who served as United States Secretary of Defense, secretary of defense from 1975 to 1977 under President Gerald Ford, and again ...
's office took control of every aspect of Halliburton's $7 billion Iraqi oil/infrastructure contract. Greenhouse was later demoted for poor performance in her position. Greenhouse's attorney, Michael Kohn, portrayed her performance reviews as punishment for criticizing the administrations. He stated in ''
The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'' that "she is being demoted because of her strict adherence to procurement requirements and the Army's preference to sidestep them when it suits their needs."


Deepwater Horizon explosion

An internal report released in 2010 by BP into the
Deepwater Horizon explosion On April 20, 2010, an explosion and fire occurred on the ''Deepwater Horizon'' semi-submersible mobile offshore drilling unit, which was owned and operated by Transocean and drilling for BP in the Macondo Prospect oil field about southea ...
claimed that poor practices of Halliburton staff had contributed to the disaster. Investigations carried out by the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling found that Halliburton was jointly at fault along with BP and Transocean for the spill. The cement that Halliburton used was an unstable mixture, and eventually caused hydrocarbons to leak into the well, causing the explosion that started the crisis. Halliburton pleaded guilty to destroying evidence after the April 2010 Deepwater Horizon disaster; the company destroyed computer simulations it performed in the months after the accident, simulations that contradicted Halliburton's claim that it was BP who had not followed Halliburton's advice. BP had employed Halliburton to oversee the process by which cement is used to seal casing in oil and gas wells, thereby preventing leaks. Government investigators had ordered companies involved in drilling the well to preserve all relevant evidence.


Allegations of corruption in Nigeria

In early December 2010, the
Nigerian government The federal government of Nigeria is composed of three distinct branches: the executive, the legislative, and the judicial, whose powers are vested and bestowed upon by the Constitution of the Federal Republic of Nigeria. One of the primary f ...
filed
corruption Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities ...
charges against Cheney in connection with his role as the chief executive of Halliburton. The case relates to an alleged $182 million contract involving a four-company joint venture to build a liquefied natural gas plant on
Bonny Island Bonny Island is a local government situated at the southern edge of Rivers State in the Niger Delta region of Nigeria near Port Harcourt. Ferries are the main form of transport, though recently an airstrip has been built and it’s fully functio ...
in southern Nigeria. Earlier in 2009, KBR, a former subsidiary of Halliburton, agreed to pay $402 million after admitting that it bribed Nigerian officials, and Halliburton paid $177 million to settle allegations by the
U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...
without admitting any wrongdoing. In mid-December 2010, the case was
settled A settler or a colonist is a person who establishes or joins a permanent presence that is separate to existing communities. The entity that a settler establishes is a settlement. A settler is called a pioneer if they are among the first settli ...
when Nigeria agreed to drop the corruption charges against Cheney and Halliburton in exchange for a $250 million settlement. According to Femi Babafemi, the spokesperson for the Economic and Financial Crimes Commission, the $250 million would include approximately $130 million frozen in a
Swiss bank Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and over the centuries has grown into a complex and regulated international industry. Banking is seen as very emblematic of Switzerland and the countr ...
, and the rest would be paid as fines. The Federal Contractor Misconduct Database details 10 instances of misconduct since 1995 under which Halliburton has agreed to pay settlements of $791 million. A further 22 instances of misconduct relate to the company's former subsidiary KBR.


Environmental issues

In 2002, Toxics Release Inventory (TRI) reports were completed to measure the amount of chemicals emitted from Halliburton's
Harris County, Texas Harris County is a county located in the U.S. state of Texas. As of the 2020 United States census, 2020 census, the population was 4,731,145, and was estimated to be 5,009,302 in 2024, making it the List of counties in Texas, most populous cou ...
facility. The TRI is a publicly available EPA database that contains information on toxic chemical releases and waste management activities reported annually by certain industries as well as federal facilities. The facility had 230 TRI air releases in 2001 and 245 in 2002. On June 7, 2006, Halliburton's
Farmington, New Mexico Farmington (Navajo language, Navajo: Tóta') is a city in San Juan County, New Mexico, San Juan County in the U.S. state of New Mexico. As of the 2020 United States census, 2020 census, the city had a population of 46,624 people. Farmington (and ...
facility created a toxic cloud that forced people to evacuate their homes. Halliburton may also be implicated in the oil spills in the
Timor Sea The Timor Sea (, , or ) is a relatively shallow sea in the Indian Ocean bounded to the north by the island of Timor with Timor-Leste to the north, Indonesia to the northwest, Arafura Sea to the east, and to the south by Australia. The Sunda Tr ...
off Australia in August 2009 and in the Gulf of Mexico in April 2010 for improper cementing. Halliburton staff were employed on the Transocean operated ''
Deepwater Horizon ''Deepwater Horizon'' was an ultra-deepwater, Dynamic positioning, dynamically positioned, Semi-submersible platform, semi-submersible offshore drilling Oil platform, rig owned by Transocean and operated by the BP company. On 20 April 2010, ...
'' oil rig in the Mexican Gulf. Halliburton staff completed cementation of the final production well 20 hours prior to the Deepwater Horizon drilling rig explosion, but had not yet set the final. In July 2013, Halliburton Co agreed to plead guilty to charges that it destroyed evidence relating to the 2010 Deepwater Horizon oil spill. This incurred a $200,000 fine; the firm also agreed to three years of probation and to continue cooperating with the criminal probe into the spill. In September 2014, the company agreed to pay $1.1 billion in damages to settle the majority of claims against it relating to the explosion, removing the uncertainty which had hung over the company for the previous four years.


Jamie Leigh Jones incident

Jamie Leigh Jones testified at a Congressional hearing that she had been gang-raped by as many as seven co-workers in Iraq in 2005 when she was an employee of KBR, and then falsely imprisoned in a shipping container for 24 hours without food or drink. KBR was a subsidiary of Halliburton at the time. Jones and her lawyers said that 38 women have contacted her reporting similar experiences while working as contractors in Iraq, Kuwait, and other countries. On September 15, 2009, the Fifth Circuit Court of Appeals ruled in favor of Halliburton, in a 2 to 1 ruling, and found that her alleged injuries were not, in fact, in any way related to her employment and thus, not covered by the contract. This decision effectively meant that the mandatory arbitration clause in her contract did not apply. These incidents have tainted the public perception of Halliburton, with a consumer study rating it as the fifth least reputable company in America.


Sale of KBR

On April 15, 2006, Halliburton filed a registration statement with the
Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...
to sell up to 20 percent of its KBR stock on the
NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
under the ticker symbol "KBR", as part of an eventual plan for KBR to be a separate company from Halliburton. In November 2006, Halliburton began selling its stake in KBR, its major subsidiary, and by February 2007 had completely sold off the subsidiary. In June 2007, several days after Stewart Bowen, the Special Inspector General, released a new report, the Army announced that KBR would share another $150 billion contract with two other contractors, Fluor and
Dyncorp DynCorp International Inc. (), was an American private military contractor. Starting as an aviation company, the company also provided flight operations support, training and mentoring, international development, intelligence training and suppor ...
, over the next 10 years.


Baghdad incident

In accordance with the
law of armed conflict The law of war is a component of international law that regulates the conditions for initiating war (''jus ad bellum'') and the conduct of hostilities (''jus in bello''). Laws of war define sovereignty and nationhood, states and territories, ...
and to maintain
non-combatant Non-combatant is a term of art in the law of war and international humanitarian law to refer to civilians who are not taking a direct part in hostilities. People such as combat medics and military chaplains, who are members of the belligerent arm ...
status, Halliburton does not arm its truck drivers. Trucks are often the target of
insurgent An insurgency is a violent, armed rebellion by small, lightly armed bands who practice guerrilla warfare against a larger authority. The key descriptive feature of insurgency is its asymmetric nature: small irregular forces face a large, well ...
attacks. On September 20, 2005, a convoy of four Halliburton trucks was ambushed north of Baghdad. All four trucks were struck by
improvised explosive device An improvised explosive device (IED) is a bomb constructed and deployed in ways other than in conventional warfare, conventional military action. It may be constructed of conventional military explosives, such as an artillery shell, attached t ...
s and were disabled. Their US
National Guard National guard is the name used by a wide variety of current and historical uniformed organizations in different countries. The original National Guard was formed during the French Revolution around a cadre of defectors from the French Guards. ...
escort was thought to have abandoned the disabled vehicles, leaving the drivers defenseless. Three of the four truck drivers were killed by the insurgents while the surviving driver caught the event on video. Although the trucks had military camouflage paint, the drivers were civilian. The US military returned to the scene 45 minutes later. However, in a statement by senior military officials in Iraq, an investigation revealed that troops did not abandon the civilians and they were all exiting the "kill zone" during the ambush.


Restatements

On March 31, 2003, Management at Halliburton restated earnings downward by $14 million for the fourth quarter of 2002. In the restatement, an additional $3 million expense (net of tax) to continuing operations and an $11 million expense, net of tax, to discontinued operations were recorded. On March 2, 2005, Halliburton restated its 2004 fourth-quarter earnings to add $2 million US in after-tax losses to reflect the collection of a $10 million receivable that had been reserved and a correction in lease accounting.


Health impacts

Halliburton has been criticized for its impacts on public health and the environment, most notably with the passing of the
Energy Policy Act of 2005 The Energy Policy Act of 2005 () is a federal law signed by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems ...
, also known as the Halliburton loophole. This law notably exempted chemicals used during hydraulic fracturing from the Clean Air Act,
Clean Water Act The Clean Water Act (CWA) is the primary federal law in the United States governing water pollution. Its objective is to restore and maintain the chemical, physical, and biological integrity of the nation's waters; recognizing the primary respo ...
,
Safe Drinking Water Act The Safe Drinking Water Act (SDWA) is the primary federal law in the United States intended to ensure safe drinking water for the public. Pursuant to the act, the Environmental Protection Agency (EPA) is required to set standards for drinking wa ...
, and
CERCLA Superfund is a United States federal environmental remediation program established by the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). The program is administered by the Environmental Protection Agency ...
("Superfund"). As a result of this, fracking fluids did not have to be reported to the EPA, rendering the EPA unable to legally regulate or monitor them. In 2020, it was reported that out of nine companies the EPA has asked full disclosure from with regards to the chemicals used in gas drilling, Halliburton was the only one that refused to comply.


Illegal retaliation against whistleblower

In 2015, after a decade-long legal battle, Halliburton was declared guilty for illegally retaliating against
whistleblower Whistleblowing (also whistle-blowing or whistle blowing) is the activity of a person, often an employee, revealing information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe, unethical or ...
Tony Menendez. Menendez had filed a case with the SEC over concerns that Halliburton was taking illegal actions to conceal billions of dollars; following this, Halliburton retaliated against Menendez in a number of ways, including stripping Menendez of his responsibilities and forbidding him from coming to most meetings.


Corporate affairs


Headquarters

Halliburton's headquarters (North Belt Campus) are located in northern
Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...
, Texas, near George H.W. Bush Intercontinental Airport.Office Location
." Halliburton. Retrieved on December 14, 2009.

." Halliburton. April 3, 2009. Retrieved on January 22, 2010.
Halliburton was headquartered in
Dallas, Texas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...
, from 1961 to 2003. The company moved its headquarters from the Southland Life Building in Dallas to of space in Lincoln Plaza in
Downtown Dallas Downtown Dallas is the central business district (CBD) of Dallas, Texas, United States, located in the geographic center of the city. It is the second-largest business district in the state of Texas. The area termed "Downtown" has traditionally ...
in 1985. 20 employees worked in Halliburton's headquarters in Dallas. Halliburton planned to move its headquarters to Houston in 2002. Halliburton, which signed its lease to occupy a portion of 5 Houston Center in
Downtown Houston Downtown is the largest central business district in the city of Houston and the largest in the state of Texas, located near the geographic center of the metropolitan area at the confluence of Interstate 10 in Texas, Interstate 10, Interstate 45 ...
in 2002,Crescent's 5 Houston Center Opens Its Doors Nearly 90% Leased.
''
Business Wire Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, ...
''. Tuesday October 8, 2002. Retrieved on November 11, 2009.
moved its headquarters there by July 2003.Bivins, Ralph.
SURVIVAL OF THE NEWEST / OCCUPANCY DOWNTOWN TUMBLING, BUT THREE TOWERS DEFY TREND
(). ''
Houston Chronicle The ''Houston Chronicle'' is the largest daily newspaper in Houston, Houston, Texas, United States. it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. ...
''. Sunday July 27, 2003. Business 1. Retrieved on November 11, 2009.
Halliburton occupied of space on the 24th floor in 5 Houston Center. In 2009 Halliburton announced that it planned to move its headquarters to the North Belt Campus in Houston. In addition it planned to consolidate operations at its Westchase and North Belt Campus.Clanton, Brett.
Halliburton to consolidate in 2 locations
." ''
Houston Chronicle The ''Houston Chronicle'' is the largest daily newspaper in Houston, Houston, Texas, United States. it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. ...
''. April 3, 2009. Retrieved on April 3, 2009.
The move occurred in 2009. The North Belt complex was to house 2,500 employees. Halliburton planned to add a research and development facility with laboratories, a new cafeteria, a childcare center, two additional parking garages, and fitness and wellness centers for employees. The plans for the North Belt Campus had been delayed by one year: the first phase of expansion and renovation was completed in 2012, and in 2014 new buildings, garage, cafeteria, and fitness centre were completed. The construction of the North Belt administration building is scheduled to begin in late 2010. According to Marilyn Bayless, the president of the North Houston Greenspoint Chamber of Commerce, in 2003 Halliburton had planned to move operations out of the North Belt office because other area school districts offered the freeport tax exemptions while the
Aldine Independent School District The Aldine Independent School District is a public school district based in unincorporated area, unincorporated Harris County, Texas, United States. It serves portions of Houston and unincorporated Harris County. Aldine ISD serves the communiti ...
(AISD), where the North Belt office is located, did not. In order to attract businesses, in May 2003, AISD began offering the same tax exemption as other jurisdictions. Subsequently, Halliburton retained the North Belt office.Colley, Jenna.
New tax break may mean 'green' for Greenspoint
." ''
Houston Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market ...
''. Friday June 20, 2003. Retrieved on April 5, 2010.


See also

*
List of oilfield service companies This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists o ...
* Private military contractor


References


Further reading

*


External links

*
Halliburton Oil Well Cementing Company records
are archived at the
American Heritage Center The American Heritage Center is the University of Wyoming's repository of manuscripts, rare books, and the university archives. Its collections focus on Wyoming and the Rocky Mountain West (including politics, settlement, Native Americans, and W ...
,
University of Wyoming The University of Wyoming (UW) is a Public university, public land-grant university, land-grant research university in Laramie, Wyoming, United States. It was founded in March 1886, four years before the territory was admitted as the 44th state, ...
. {{Authority control 1919 establishments in Oklahoma Anti-corporate activism Companies based in Dallas Companies based in Dubai Energy companies established in 1919 Companies listed on the New York Stock Exchange Corporate crime Dick Cheney Drilling rig operators Economy of Anchorage, Alaska Economy of Bakersfield, California Economy of Denver Economy of Lafayette, Louisiana Economy of Oklahoma City George W. Bush administration controversies Non-renewable resource companies established in 1919 Oilfield services companies Private military contractors American companies established in 1919