Halliburton Company provides services and products to the energy industry related to the exploration, development, and production of oil and natural gas. The company serves major, national, and independent oil and natural gas companies worldwide. Divisions The company operates under two divisions, the Completion and Production segment, and the Drilling and Evaluation segment. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. This segment consists of Production Enhancement, Cementing, Completion Tools, Halliburton Boots & Coots, Multi-Chem, and Halliburton Artificial Lift. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. The segment consists of Baroid, Sperry Drilling, Wireline and Perforating, Drill Bits and Services, Landmark Software and Services, Testing and Subsea, and Consulting and Project Management. Markets The company conducts business worldwide in approximately 80 countries. The business operations of its divisions are organized around four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. Strategy The company’s business strategy is to secure a distinct and sustainable competitive position as an oilfield service company by delivering services and products that enable its customers to extract proven reserves and maximize recovery. Research and development The company’s expenditures for research and development activities included $588 million in 2013. Seasonality Examples of how weather can impact the company’s business include the following: the severity and duration of the winter in North America can have a significant impact on natural gas storage levels and drilling activity; the timing and duration of the spring thaw in Canada directly affects activity levels due to road restrictions; typhoons and hurricanes can disrupt coastal and offshore operations; and severe weather during the winter months normally results in reduced activity levels in the North Sea and Russia. Significant Events Halliburton announced that it has signed an agreement with the SPT Energy Group Inc. to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China. History Halliburton Company was founded in 1919. The company was incorporated under the laws of the state of Delaware in 1924.
halliburton co (HAL:New York)
3000 North Sam Houston Parkway East
Houston, TX 77072
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