Who / What
Halliburton Company is an American multinational corporation specializing in energy services and products. It is the world's second-largest oil field service company and is responsible for most of the world's fracking operations. The company has dual headquarters in Houston, Texas, and Dubai, United Arab Emirates.
Background & History
Halliburton was founded in 1919 and incorporated in the United States. It grew significantly by providing oil field services, becoming a key player in the global energy sector. A major business segment driving its operations is the Energy Services Group (ESG).
Why Notable
Halliburton is notable for its immense scale, ranking as the world's second-largest oil service company. It plays a crucial role in the global energy industry, particularly through its leadership in hydraulic fracturing (fracking). The company's operations significantly impact oil and gas extraction worldwide.
In the News
Halliburton remains highly relevant due to ongoing developments in global energy markets and fracking operations. Its dual-headquarters structure reflects its strategic focus on both North American and international energy sectors. The company continues to be a major contractor in oilfield services worldwide.
