Competitive Position of Halliburton

Competitive Position of Halliburton

Halliburton is one of the largest corporations in the United States. An excerpt from the company’s website describes the company:

Halliburton is one of the world's largest providers of products and services to the oil and gas industries. The Company adds value through the entire lifecycle of oil and gas reservoirs and provides and integrates products and services, starting with exploration and development, moving through production, operations, maintenance, conversion and refining, to infrastructure and abandonment. Halliburton employs more than 100,000 people in over 120 countries working in five major operating groups:

Halliburton’s Energy Services Group consists of four business segments:

· Drilling and Formation Evaluation

· Fluid Systems

· Production Optimization

· Digital and Consulting Solutions

These segments offer a broad array of products and services to upstream oil and gas customers worldwide, ranging from the manufacturing of drill bits and other downhole and completion tools to pressure pumping services.

Halliburton’s competitive position rests in its ability to be a sole source provider of all goods and services needed for the oil and gas industries. The company relies on its ability to do all things related in this field from exploration to refining. It has been in business since 1919 and over that period of time, the company has developed expertise and resource strengths that rivals like Bectel and Dyncorps have