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Halliburton Company is an American multinational corporation and the world's second-largest oil service company which is responsible for most of the world's fracking operations. [6] It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries.
In 1998, Dresser merged with its main rival Halliburton. [1] Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five ...
Brenton Halliburton (1774–1860), second Chief Justice of the Supreme Court of Nova Scotia; Erle P. Halliburton (1892–1957), founder of the oil and luggage companies; George Haliburton (disambiguation), or George Halliburton, several people; James Burton (1761–1837), British property developer, formerly James Haliburton
Miller was the company's president in 2015, when Halliburton—in the face of the oil downturn—terminated 35,000 jobs (40% of its workforce). [4] As the largest contributor to global fracking, the company faces ongoing criticism regarding its ecological impact. [5]
By 1922, the company was operating as the Halliburton Oil Well Cementing Company. On July 5, 1961, it became known as the Halliburton Company. Halliburton also founded Southwest Air Fast Express, which was later acquired by American Airlines. [3] Halliburton designed the aluminum suitcases which are now manufactured by Zero Halliburton.
After Halliburton acquired Dresser Industries, KBR was created in 1998 when M.W. Kellogg merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. In 2006, the company separated from Halliburton and completed an initial public offering on the New York Stock Exchange. [4]
Thomas H. Cruikshank was chairman and CEO of Halliburton Company from 1989 to 1995. [1] He previously served as President and CEO from 1983 to 1989. During his tenure in the early 1990s, Halliburton provided extensive service to Kuwait in the aftermath of Operation Desert Storm.
From October 1, 1995 [72] to July 25, 2000, [73] he served as chairman of the board and chief executive officer of Halliburton, a Fortune 500 company. Cheney resigned as CEO on the same day he was announced as George Bush's vice-presidential pick in the 2000 election.