Halliburton Company – a history

Founded in 1919, Halliburton Company is the world’s leading diversified energy services, engineering, energy equipment, construction and maintenance company.  In 1999, Halliburton’s consolidated revenues were $14.9 billion and it conducted business with a workforce of approximately 100,000 in more than 120 countries.

Erle P. Halliburton was the company’s founder. His ingenious oil well service methods revolutionized the oil industry. His grit and willingness to accept risk helped his company to rapidly grow into a worldwide oil field service company.

Herman Brown, with his brother George, created one of the premier engineering and construction firms in the world. Also founded in 1919, Brown & Root embarked upon projects that the faint of heart wouldn't touch -- delving into the earth's core and revolutionizing earth sciences, designing and building massive industrial structures including platforms for deepwater oil and gas exploration, and aiding astronauts in their exploration of outer space.

Halliburton and Brown & Root joined forces in 1962 to form a unique and powerful corporate entity.

Dresser Industries was established as an energy services company in western Pennsylvania in 1880 during the nation's initial oil boom. In the 1930s, the company made a dramatic expansion into the compressor industry, leading to the next four decades of strong growth.

In 1987, Dresser acquired M.W. Kellogg Company, the premier technology-oriented contractor for hydrocarbon processing projects, creating a leading service role in downstream engineering and construction. After this key acquisition, Dresser concentrated on increasing its upstream supply capabilities and providing products, services and solutions for subsea oil and gas production projects.

Through the 1998 merger with Dresser Industries, Halliburton Company offers comprehensive value-added solutions to the energy industry.

Reference: www.Halliburton.com                               

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