Although Halliburton has to settle for second place, there is no doubt that due to various controversies over the last decade, the company is far more famous than an oilfield operator should. A view, if you read the various disclaimers on its website, shared by Halliburton themselves.
The company started out in 1919 specialising in cementing oil well walls in Texas. Today Halliburton has 57,000 employees and operates in around 70 countries.
The company has dual headquarters in Houston and Dubai and provides technical products and services for oil and gas exploration and production.
The CEO of Halliburton, David J. Lesar, caused controversy in 2007 after announcing that he was moving to Dubai and would run operations from the Middle East. The move was believed to be in line with the company’s growth in the region. Lesar said at the time: “As the CEO, I'm responsible for the global business of Halliburton in both hemispheres and I will continue to spend quite a bit of time in an airplane as I remain attentive to our customers, shareholders and employees around the world."
The move seems to have paid off and Halliburton has recently won some blue-chip contracts in the Middle East including Saudi Aramco’s Manifa offshore field and the giant Khurais field in the Saudi desert.
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FEATURED COMMENT
I used to work for Schlumberger and there's no doubt that it's a great company to start a career in oil and gas
slb number 1
I used to work for Schlumberger and there's no doubt that it's a great company to start a career in oil and gas
Jim Schmidt (Aug 14, 2009)
Worlds Top 10 Oilfeild Service Companies
Looks like Smith International (SII) was overlooked in your list. At over $10B in revenue they would be about number 5 or 6 on the list.
Graham H (Jun 30, 2009) Dubai United Arab Emirates
No local companies?
Where are the Middle East companies on the list? It proves this region still has work to do.
The King is calling for a halt to exploration, but do you agree?
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FEATURED COMMENT
I used to work for Schlumberger and there's no doubt that it's a great company to start a career in oil and gas