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Website: http://www.halliburton.com Halliburton is one of the world's largest providers of products and services to the oil and gas industries. With over 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir -- from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Halliburton consists of two businesses: - Drilling, Evaluation and Digital Solutions Drilling and Evaluation provides field and reservoir modeling, drilling, evaluation, and precise well-bore placement solutions that enable customers to model, measure, and optimize their well construction activities. This segment consists of Baroid Fluid Services, Sperry Drilling Services, Security DBS Drill Bits, Wireline and Perforating Services, Landmark, and Project Management. Completion and Production delivers cementing, stimulation, intervention, and completion services. This segment consists of production enhancement services, completion tools and services, and cementing services. In 2009, revenues at Halliburton were $14.67 billion, a drop of 20% due to weak global demand and decline in commodity prices. The company reported net income of $1.14 billion. The Company is headquartered in Houston, where its Principal Executive Office resides, and in Dubai, United Arab Emirates. History Halliburton grew from the risk-taking entrepreneurialism of Erle P. Halliburton, who established the New Method Oil Well Cementing Company in Oklahoma in 1919. Simultaneously, the Brown brothers, George and Herman, partnered with their brother-in-law, Dan Root, to found Brown & Root in Texas. Major acquisitions by Halliburton include Brown & Root, an engineering and construction company, in 1962 and Dresser Industries, a major provider of integrated services and project management for the oil industry, in 1998. Dresser had acquired M.W. Kellogg, a leader in petroleum refining and petrochemical processing, technology, engineering and construction, in 1988. Former Vice President Dick Cheney was CEO of Halliburton before taking office in 2001. Halliburton officially separated from its engineering and construction subsidiary, KBR, in April 2006. Benefits Education Travel Time off Health and wellness Updated January 25, 2010 |