Halliburton (NYSE: HAL) is the world's second largest[6] oilfield
services corporation with operations in more than 70 countries. It has
hundreds of subsidiaries, affiliates, branches, brands and divisions
worldwide and employs over 50,000 people.[5]
The company has its headquarters in the North Belt office in Houston, Texas, and in offices in Dubai, United Arab Emirates (opened March, 2007) where Chairman and CEO David J. Lesar works and resides, "to Focus [the] Company’s Eastern Hemisphere Growth."[7] The company will remain incorporated in the United States.[8][9][10]
Halliburton's major business segment is the Energy Services Group (ESG). ESG provides technical products and services for petroleum and natural gas exploration and production. Halliburton's former subsidiary, KBR, is a major construction company of refineries, oil fields, pipelines, and chemical plants.
Halliburton announced on April 5, 2007 that it had finally broken ties
with KBR, which had been its contracting, engineering and construction
unit as a part of the company for 44 years.
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