Introduction
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Halliburton is a company that’s been around for decades, yet most people don’t know what it does. That’s because the company has grown to become so big that it’s actually something of an invisible hand in the world of business. It is one of those companies that you can use whenever you go do something but don’t think about too much. In this article, we’ll explain what Halliburton does and how it makes money doing so—because while they may not be front page news anymore, they’re still going strong!
What is Halliburton?
Halliburton is an oilfield service company that provides a wide range of services to the oil and gas industry. It is one of the largest providers of such products and services, with over 70,000 employees worldwide. The company was founded in 1919 by Erle Halliburton as an oil well cementing business headquartered in Houston, Texas. During World War II, Halliburton received a lucrative contract from the U.S. Army Corps of Engineers to construct military bases in North Africa, Europe and the South Pacific regions during World War II (WWII). After WWII ended, Erle Halliburton died from cancer at the age of 48 on August 5th 1947 at his home in Woodland Hills, California leaving his son William Leland “Bill” Halliburton Jr., who had joined the family business in 1935 after graduating from Princeton University with a degree in mechanical engineering.”
Company background
Halliburton is an American multinational oilfield services company. It has been in operation since 1919 and is headquartered in Houston, Texas.
Halliburton provides products and services to the upstream sector of the oil and gas industry, particularly in areas like drilling, formation evaluation, well construction and completion, production enhancement and pipeline construction. Over 80,000 employees work for Halliburton across more than 80 countries.
In 1979, it was awarded a five year contract by the then-Parsons Corporation (owned by Dick Cheney) to drill wells at the Alaskan North Slope. In 1990, it purchased Brown & Root to form Kellogg Brown & Root (KBR). In 1995 this subsidiary received a contract worth $3 billion from Saudi Aramco to build power plants on their oil fields as well as other projects such as a new airport terminal at King Fahd International Airport near Dammam.[1]
Mission Statement
Halliburton is a company that provides services to the oil and gas industry. They’re a world leader in providing well construction, drilling and production services, engineering and construction, technology services and equipment with operations on all six continents.
Halliburton’s mission is to be the best company on Earth at what they do by using their knowledge base to solve complex technical problems while creating new solutions for their customers’ future growth needs.
Halliburton Business Model Structure
The Halliburton’s revenue model is based on the revenue generated from the sale of products and services. The company provides a wide range of services to clients, including exploration and production, engineering, construction and project management as well as diagnostic related services for oilfield equipment.
Halliburton Revenue Model
Halliburton is a company that provides a variety of services. It does this primarily by providing the technology and equipment needed to drill for oil and natural gas. This includes drilling tools, such as drill bits and drill pipes, as well as everything else needed to get the work done safely, such as pumps and valves.
In addition to these core products, Halliburton also offers other solutions related to its core competencies of drilling equipment manufacturing; field construction; drilling fluids design research; cementing services; production enhancement technology development; engineering consulting services for exploration & production clients worldwide
How is Halliburton funded?
Halliburton is funded by its customers. It’s a private company, so it doesn’t have to answer to shareholders or the public at large. Halliburton is not a publicly traded company—the stock isn’t available on any exchange like the New York Stock Exchange (NYSE) or the NASDAQ.
Halliburton has been around for over 100 years, but it’s not as well-known as some of its competitors in the oil and gas industry. The reason for this is that Halliburton doesn’t own any refineries or oil fields; instead, they provide services such as drilling wells and repairing pipelines to help other companies extract resources from underground deposits of crude oil and natural gas.
Sources of revenue
Halliburton is a major player in the oil and gas industry. It has a large number of clients, including government agencies such as the Department of Defense and NASA. Halliburton also provides products and services to both the energy industry and upstream oilfield service providers.
In terms of revenues, these two areas comprise more than 85% of total sales:
Future of Halliburton and its eventual fate
The future of Halliburton is bright. As long as there is a demand for their services, they will continue to exist and succeed.
The company will have to work hard to stay ahead of the curve and not be left behind by new technologies that come out every day.
Halliburton will continue to succeed in a market where people do not want to admit that it has existed for years.
Halliburton is a company that has been around for a long time. The company has a lot of experience in the oil and gas industry, and they have helped many people who are interested in getting started with this industry. If you are looking to make money from your own business, then this might be the right option for you.
Halliburton will continue to succeed in a market where people do not want to admit that it has existed for years. It’s easy to see why this is true because there are so many reasons why someone would choose them over another company that offers similar services at lower prices or better quality products!
Conclusion
I believe that Halliburton will continue to succeed in a market where people do not want to admit that it has existed for years. It provides an essential service that can help people who need their water wells drilled, or even just cleaned out once every few months because they have so much sediment buildup inside.
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