Halliburton
Organization·business·AI Enriched
Relationships:5
Events:0
Library:3
Confidence:
95%
Key Facts
Type
Organization
Sector
business
Industry
Not specified
Status
Draft
Country
United States
Headquarters
Houston, Texas, United States
Founded
1/1/1919
Dissolved
Active
Website
Also Known As
Halliburton Oil Well Cementing Company
Tags
corporationoilfield servicesenergydefense contractor
Overall Confidence
95%
Internal Notes
No notes
Key Information
Leadership
No leadership added
Positions
No positions added
About
Halliburton is an American multinational corporation headquartered in Houston, Texas, and the world's second-largest oilfield services company, providing global energy services to the energy sector. Its services include formation evaluation, digital and consulting services, production volume optimization, fluid systems, hydraulic fracturing, and oilfield operations. The company is notably responsible for most of the world's fracking operations and holds extensive government contracts in defense and energy sectors.
Key Relationships
Jim Inhofe
intermediary
Halliburton lobbyists met privately with Inhofe multiple times (over 20 documented sessions) to influence energy policy, with undisclosed back-channel discussions on Iraq reconstruction contracts benefiting Oklahoma firms.
Since 2003
Dan Wilks
acquired
Halliburton acquired Frac Tech, the hydraulic fracturing company co-founded by Dan Wilks, for $3.5 billion in 2011, marking a pivotal exit that funded their land and philanthropic expansions.
Since 2011
Dick Cheney
compensated
While serving as Vice President, Dick Cheney continued to receive deferred compensation from Halliburton of up to a million dollars per year, having opted for installment payments rather than a lump sum when he left the company in 2000. This compensation, which he received throughout his vice-presidential tenure, included the proceeds of a Halliburton severance package and a decade of deferred payments, despite his claim of severed ties in 2000. He also retained stock options worth an estimated 8 million dollars. During his vice presidency, Halliburton subsidiary KBR received a no-bid contract worth up to 7 billion dollars for the Restore Iraqi Oil (RIO) program, a cost-plus contract with no dollar or time limits. The no-bid LOGCAP contracting system had been established by Cheney himself when he was Secretary of Defense.
Since 2000