Global oilfield service leader: Halliburton Company (HAL) (1919)

Halliburton Company (or translated as: Halliburton Company) Halliburton Company (NYSE: HAL) was founded in 1919 and is headquartered in Houston, Texas, with 50,000 full-time employees. It is one of the world’s largest oilfield service providers.

Halliburton Logo

Halliburton Halliburton Company (HAL):

Halliburton Company (Halliburton Company) is an American multinational company and one of the largest oilfield service companies in the world, with operations in more than 80 countries. It has hundreds of subsidiaries, branches, brands and departments worldwide. The company has two headquarters, one in Houston, Texas, and one in Dubai, UAE. Halliburton’s main business area is the Energy Services Group (ESG). Provide technical products and services for oil and natural gas exploration and production. Halliburton’s former subsidiary KBR is a major construction company for oil refineries, oil fields, pipelines and chemical plants.

Halliburton HAL is one of the world’s leading energy service companies. In 1993, the company merged all oilfield service agencies to form Halliburton Energy Services Department, which provides equipment and services for oil and gas field exploration, development and drilling. About 1/2 of the company’s business is carried out abroad. In March 2002, Halliburton completed a new round of strategic reorganization, dividing its entire business into two parts, namely Halliburton Energy Services Group and KBR Group. These are two independent corporate entities that are relatively independent of Halliburton headquarters, and Halliburton has 100% ownership. After the reorganization, the two major groups can better strengthen their respective businesses globally and effectively compete with their peers, thereby enhancing Halliburton’s ability to achieve long-term sustainable growth and profitability.

KBR, the engineering construction group, serves the midstream and downstream of the energy industry, including the design and construction of liquefied natural gas plants, refining and processing plants, production facilities, onshore and subsea pipelines. At the same time, it is also engaged in non-energy engineering construction, including government-invested public facilities and civil commercial facilities. KBR has branches in government operations, infrastructure, land operations, marine operations, and operations and maintenance.

Halliburton Energy Services (Halliburton Energy Services): It is a world leader in oil and gas exploration, development and mining operations services and equipment. In 1921, it took the lead in cementing operations; the hydraulic fracturing operations carried out in 1949 opened the river of commercial stimulation operations; it also ranked first in directional drilling, completion operations, logging, oil well testing, perforation and well control, etc. . More than 300 service centers have been established in more than 60 countries, and the current business covers pay zone evaluation, drilling, completion, oil production and oil and gas well maintenance.

In 2007, Halliburton will “move its capital” to Dubai, United Arab Emirates, in order to obtain more oil contracts in the Middle East. The company also announced that its legal registration place will remain in the United States. Halliburton is an energy giant in North America and the world. Vice President Dick Cheney served as the company’s chief executive officer from 1995 to 2000.

Halliburton is currently one of the world’s largest providers of products and services in the petroleum and energy industries. The company can provide value-added services around the entire life cycle of oil and gas fields, from oil and gas exploration, development, production, operation, maintenance, conversion and refining, to infrastructure construction and even oil and gas field abandonment, providing products and services throughout the oil and gas chain.

On November 17, 2014, Halliburton and Baker Hughes jointly announced a final agreement under which Halliburton will have to comply with the terms of the agreement to acquire Baker Hughes for US$34.6 billion.


Halliburton Company (HAL) investment:

Halliburton Company (Halliburton), following the decline in crude oil prices that began in 2014, its stock price has dropped from $74 to $42, and has now rebounded briefly to $48. With the continuous development and utilization of new energy sources (e.g. Tesla’s new solar cell can be used for 8 hours at a cost of only $3,500; and Lockheed Martin ’s room temperature nuclear fusion can already be achieved in a reactor the size of an armored vehicle. The realization of civilian use is self-evident to the traditional oil and gas industry), the traditional oil extraction and service industries will be challenged in terms of profitability.

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