MGT430-0604A-04 / Unit 1 Individual ProjectHalliburton is one of the world's largest providers of the oil and gas industry in producing and maintaining equipment, the company has business roots in energy services and drilling. The company has expanded through internal growth and attainment since its establishment in 1919. Major acquisitions include Brown & Root, the engineering and construction company, in 1962 and Dresser Industries, a major provider of integrated services and project management for the oil industry, in 1998. Dresser had acquired M.W. Kellogg, a leader in petroleum refining and petrochemical processing, technology, engineering and construction, in 1988. Built on the legacy of the four companies, Halliburton today is one of the world's largest oilfield services companies and a premier provider of engineering and construction services. The Company employs 85,000 people in more than 100 countries with a global presence and extensive, proven capabilities (Halliburton).
After September 11, Halliburton was awarded the 2.2
billion dollar contract by the Bush administration to support defense-related business with the military overseas. During the first Iraq war when many oil fields were set afire to cause mayhem for the U.S. soldiers, Halliburton was brought into diminish the fires and rebuild the damage that was imposed. The biggest value is that this put Halliburton in a prime position to handle the complete re-establishment of Iraq's long-neglected oil infrastructure (Gongloff).
1.Was the company's experience positive, negative, or mixed? Justify your answer.
Considering that Halliburton has profited greatly from the contract that it has with the United States, the presence of the company has been very positive in sight of the investor. Although, this view would probably be different if evaluated by the outside community, such as citizens of the country and citizens of the United States. While this is just merely the observations of...