Haliburton

Running head : HALIBURTON

HALIBURTON

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Introduction

Halliburton Company 's roots dates back to 1919 when it was founded by a brother and brother-in-law duo-Brown Root . While the company started initially as a cement company , it rapidly diversified into heavy engineering including manufacturing of complex oil platforms , dams and Navy warships . At this period , Earl Halliburton who was an entrepreneur in Tennessee was involved in the manufacturing of a breakthrough process known as `oil-well cementing ' in which cement was sent down an oil-well in to build a

wall to cut-off water and other unnecessary pollutants (Military : Halliburton

Presently , Halliburton spans five business areas such as Drilling and Formation Evaluation , Fluids , Production Optimization , Landmark and Other Energy Services and the Engineering and Construction Group . During 1962 , the company that was acclaimed as a rapidly growing oil-well construction and services company acquired Brown and Root which was also an established road construction company and a general contractor (Military : Halliburton

Legal issue impacting Halliburton Company

In the opinion of executives of oil industry as also secret UN records Halliburton held stakes in two companies and inked contracts to sell in excess of 73 million oil production machinery and components to Iraq at the height of Gulf War during the regime of Cheney as the chairman and CEO . However the CEO had earlier maintained that he had a `firm policy in place against trading with Iraq directly . However , Cheney 's counselor Mary Matalin maintained that the trade was completely legal . But judged otherwise , it is rightly an instance of how US companies regularly use foreign subsidiaries and JVs to circumvent performing business with Iraq , which does not infringe U .S . laws as long as it happens within the purview of the `oil-for-food ' program operated by the UN . These dealings revealed that Halliburton 's affiliates carried out extensive and at times dubious dealings with the Iraqi Govt . The news about Halliburton 's business with Iraq was first carried out by the Washington Post during February 2000 . However , UN records got by the Post revealed that the deals were more widespread compared to what was originally reported (Lynch , 2001

Ethical issue impacting Halliburton Company

Halliburton operating in the energy services sector is a multidimensional company offering a lot of avenues to career-minded people . According to Weldon Mire , Senior Vice President , Human Resources , Halliburton regularly solicits feedback from his employees regardless of it being constructive or otherwise . It is this feedback which helps the company run its business in more than 120 nations with a high level of ethics (Morrison , 2005

The company believes that ethics are the principles and values which help in running its business . It is the basic building block regarding the manner in which the company operates in its routine manner . A direct impact of this firm belief in ethics has been that Halliburton 's commitment is annually to the industry by way of financing for their membership dues with SPE , the American Association of Petroleum Geologists and the Society of...