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Halliburton: Managing the Second Largest Oil Company Halliburton's vision is to be the preferred upstream service company for the development of global oil and gas
Submitted by briana7981 on February 10, 2008
Category: Miscellaneous
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Halliburton's vision is to be the preferred upstream service company for the development of global oil and gas assets. (www.Halliburton.com, 2008) Currently, Halliburton operates in seventy countries working within two major segments: drilling and excavation and completion and production. Since 1919, the company has been a leader in energy services and engineering and construction industries. Over the years, Halliburton has continued to expand due to properly executed strategic, tactical, and operational planning. In 1962 Halliburton purchased Brown and Root, and engineering company, and by 1998 Dresser Industries, a chief component in the oil industry, was acquired. Based on the situational analysis of the oil industrial market Halliburton obtained these two companies and became a petrochemical processing, engineering, and construction giant.
Like their success with the oil market, the standing plans that Halliburton set into motion propelled the company into new markets such as their involvement with the U.S. space program and military provision. In the early sixties, the company was hired by the NASA as the architectural engineer for the Johnson Space center. Brown and Root is also notorious for their carbon dioxide removal system they developed that helped rescue the Apollo crew from a fatal disaster. Beginning with World War II, it was again the Brown and Root's division of Halliburton that built the Corpus Christi Naval Air Station. The company aided in the damage to oil wells and buildings after Operation Desert Storm in Kuwait as well. Because of Halliburton's ability to implement their plans accurately, they were awarded major contracts with the U.S. Army for worldwide logistics and support planning. It was the first contract of its kind and size the military ever awarded to a civilian group or civilian run company.
The market analysis and need for oil consumption, Halliburton's competition with similar companies, and...
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