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Halliburton Company


Self Description

July 2002: "Founded in 1919, Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries. The Company adds value through the entire lifecycle of oil and gas reservoirs and provides and integrates products and services, starting with exploration and development, moving through production, operations, maintenance, conversion and refining, to infrastructure and abandonment. Halliburton employs 85,000 people in more than 100 countries working in two major operating groups: (1) Halliburton's energy services group... (2) KBR, the engineering and construction group..." http://www.halliburton.com/about/index.jsp

Third-Party Descriptions

April 2012: "A number of companies have already handed over large fines...In 2009, Haliburton paid over $550 million to settle claims that officials at a former division, including its head, had bribed officials in Nigeria while building a gas plant there.... In all, the U.S. government brought 20 cases against companies in 2010 under the bribery law, up from 2 in 2002. The number dipped to 16 last year, but lawyers say there is no sign that the government is letting up."

http://finance.fortune.cnn.com/2012/04/26/walmart-bribery-investigations/

June 2011: "In a second decision, the court ruled that plaintiffs in a securities fraud class action against Halliburton did not have to prove that false statements from the company caused them to lose money in order to band together in a class action."

http://www.nytimes.com/2011/06/07/us/07bizcourt.html

May 2010: 'In his Saturday address, the president repeated his criticism of BP and other companies involved in the spill. “What led to this disaster was a breakdown of responsibility on the part of BP and perhaps others, including Transocean and Halliburton,” he said. “And we will continue to hold the relevant companies accountable.” At the same time, he added that “we also need to hold Washington accountable.”'

http://www.nytimes.com/2010/05/23/us/23address.html

May 2010: "Insurance companies are likely to pay some costs, and BP’s contractors could also face claims. Those contractors include Transocean, the rig’s operator; Halliburton, the company responsible for cementing the well; and Cameron International, the maker of the blowout preventer, a device designed to shut off a well."

http://www.nytimes.com/2010/05/13/us/13q-n-a.html

June 2007: Halliburton, the oil-services firm once headed by Vice President Cheney, was identified as one of the fastest-growing major contractors during the Bush administration. In 2000, Halliburton ranked 28th, receiving $763 million; in 2006, it was ranked sixth, receiving more than $6 billion.

http://www.washingtonpost.com/wp-dyn/content/article/2007/06/27/AR2007062702772.html

July 2005: In May this year, Mr. Lerach's firm also sued the Halliburton Company in federal court in Houston, contending that the engineering and construction concern defrauded investors by manipulating and falsifying its financial statements between 1998 and 2001. During most of the period in question, Vice President Dick Cheney was Halliburton's chief executive. The lawsuit contends that Mr. Cheney earned a handsome salary and stock awards despite presiding over both a failed acquisition and the doctoring of the company's accounts. Halliburton said that the accusations were meritless and that it intended to contest them 'vigorously.' Mr. Cheney's office declined to comment.

http://www.nytimes.com/2005/07/17/business/yourmoney/17tort.html

Relationships

RoleNameTypeLast Updated
Cooperation (past or present) Cameron International Organization May 13, 2010
Research/Analysis Subject CorpWatch Organization May 28, 2008
Owner of (partial or full, past or present) Kellogg, Brown & Root Inc. (KBR) Organization Feb 8, 2005
Organization Head/Leader (past or present) Vice President Richard ("Dick") B. Cheney Person
Director/Trustee/Overseer (past or present) Lawrence S. Eagleburger Person Apr 14, 2008
Organization Executive (past or present) Al Neffgen Person Nov 13, 2005

Articles and Resources

24 Articles and Resources. Go to:  [Next 4]

Date Fairness.com Resource Read it at:
Apr 26, 2012 Not just Wal-Mart: Dozens of U.S. companies face bribery charges

QUOTE: Deere, Disney, Hewlett-Packard, Qualcom and many others are also under investigation for violations of the U.S. Foreign Corrupt Practices Act.

CNN (Cable News Network)
Jun 06, 2011 Supreme Court Rules for Drug Firm in a Patent Dispute

QUOTE: The “general rule,” Chief Justice John G. Roberts Jr. wrote for the majority in a 7-to-2 decision, is that “rights in an invention belong to the inventor,” even if created on an employer’s watch.

New York Times
Mar 03, 2011 Pressure Limits Efforts to Police Drilling for Gas

QUOTE: Natural gas drilling companies have major exemptions from parts of at least 7 of the 15 sweeping federal environmental laws that regulate most other heavy industries and were written to protect air and drinking water from radioactive and hazardous chemicals. Coal mine operators that want to inject toxic wastewater into the ground must get permission from the federal authorities. But when natural gas companies want to inject chemical-laced water and sand into the ground during hydrofracking, they do not have to follow the same rules.

New York Times
Jun 03, 2010 Prosecuting Crimes Against the Earth

QUOTE: Criminal prosecution cannot restore the gulf or end the suffering of the people who live along its shores. But it could ensure just punishment. And it would make it more likely that the companies involved would pay all claims for damage to the gulf coast, because the $75 million cap on liability, set by the Oil Pollution Act of 1990, does not apply in criminal cases.

New York Times
May 22, 2010 Obama Gives a Bipartisan Commission Six Months to Revise Drilling Rules

QUOTE: Mr. Obama tapped two prominent former officials to lead the commission — Bob Graham, the former senator from Florida, and William K. Reilly, the former administrator of the Environmental Protection Agency — and gave them six months to come up with a plan to revamp federal regulation of offshore oil drilling.

New York Times
May 12, 2010 The Price and Who Pays: Updates From the Gulf

QUOTE: attempts to shut off the flow of oil streaming into the Gulf of Mexico have been unsuccessful and the search continues for a cause and for ways to prevent such blowouts in the future. Questions persist about who will be liable for damage from the spill and the risks to local wildlife.

New York Times
Aug 01, 2007 The Politics of Blackmail

QUOTE: The cosmopolitan son of Libyan leader Muammar Kaddafi is surprisingly frank about the Middle East and his former pariah state’s nukes-for-prisoners deal with France.

Newsweek
Jun 28, 2007 A Call for Competition: As No-Bid Deals Soar, House Panel Wants More Oversight

QUOTE: Roughly half of the money spent on all federal contracts in 2006 was awarded with little or no competition, according to a congressional report released yesterday .... No-bid contracts alone amounted to $103 billion in 2006, a 43 percent jump from the previous year, the report said.

Washington Post
Mar 19, 2007 Congress eyes lost billions sent to Iraq: Audits discovered $10 billion in lost or wasted funding since 2003, prompting talk of reforms to prevent war profiteering.

QUOTE: The Accountability in Contracting Act would also require agencies that issue more than $1 billion of no-bid contracts annually to take steps to minimize their use, and require that contract overcharges in excess of $10 million be disclosed to Congress.

Christian Science Monitor
Oct 28, 2006 U.S. Finds Too Many KBR Reports 'Proprietary'

QUOTE: Under federal law, contractors are allowed to mark some documents proprietary, especially when they are bidding on a deal. But auditors for the Special Inspector General for Iraq Reconstruction found Halliburton subsidiary KBR Inc. was using that stamp even with such basic records as daily head counts of how many people ate at the company's dining facilities.

Washington Post
Sep 14, 2006 Congress lifts blinds on its spending: After 2005's bribery and corruption scandals, Congress moves to list US federal expenditures on a searchable database.

QUOTE: It's the least controversial of all the reforms Congress has considered since last year's bribery and corruption scandals, and its passage will provide an effective new tool for anyone wanting to look over lawmakers' shoulders soon after they clear spending bills.

Christian Science Monitor
Jul 28, 2006 Campaigns Slinging Oil Money Allegations: Role of Donations And Stocks Probed

QUOTE: After Exxon Mobil Corp. reported a record 36 percent increase in profits over this time last year, Webb called on Allen to return $800,000 in campaign contributions from oil and energy companies since 2000...Webb said Allen has accepted the money, including $15,000 from Exxon Mobil's political action committee, while voting to approve tax breaks for oil companies.

Washington Post
Nov 04, 2005 Firms in Gulf Coast Allege Nonpayment

QUOTE: Two months after the government began allotting billions of dollars for disaster relief efforts in the wake of Hurricane Katrina, subcontractors in the Mississippi Gulf Coast say they are not being paid. As a result, they say, they cannot pay their workers, who are mostly immigrant laborers...

Washington Post
Aug 29, 2005 Army Contract Official Critical of Halliburton Pact Is Demoted

QUOTE: A top Army contracting official who criticized a large, noncompetitive contract with the Halliburton Company for work in Iraq was demoted Saturday for what the Army called poor job performance.

New York Times
Jul 17, 2005 Robin Hoods or Legal Hoods?

QUOTE: Though Mr. Lerach and Mr. Weiss are not named in the indictment either, both are clearly embroiled in a wide-ranging investigation, the outcome of which is likely to influence how all plaintiffs' lawyers practice, as well as the potential civil penalties for corporate wrongdoing. As a result, the inquiry has reignited heated debates about the tort system, debates that have come to a head in recent years.

New York Times
Mar 15, 2005 Pentagon Audit Questions Halliburton's Costs in Iraq

QUOTE: Pentagon auditors found more than $100 million in questionable costs in one section of a massive, no-bid Halliburton Co. contract for delivering fuel to Iraq...

Washington Post
Feb 04, 2005 Halliburton Payments Won't Be Withheld

QUOTE: In a departure from normal policy, the Army said yesterday it will not withhold future payments to Halliburton Co., despite audit reports last summer that said the giant logistical contractor had not properly accounted for a wide variety of work in Iraq and Kuwait.

Washington Post
Jun 14, 2004 Waxman Raises New Questions on Cheney

QUOTE: ...new questions about whether the vice president or his office played any role in decisions to give what became billions of dollars worth of government business to Halliburton, where Cheney was executive from 1995 to 2000.

Washington Post
Oct 31, 2003 Bush Got $500,000 From Companies That Got Contracts, Study Finds

QUOTE: The overwhelming majority of government contracts for billions of dollars of reconstruction work in Iraq and Afghanistan went to companies run by executives who were heavy political contributors to both political parties.

New York Times
Jul 14, 2003 Asbestos Bill Could Be Windfall for Business

QUOTE: The Senate has taken a major step toward setting up a national fund to compensate people whose health has been ruined by asbestos, but the first and biggest beneficiaries of the plan may be companies such as Halliburton...

Los Angeles Times

24 Articles and Resources. Go to:  [Next 4]