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Headquarters:
5 Houston Center
1401 McKinney, Suite 2400
Houston, TX 77010
Employees: 45,000
CEO: David Lesar
Stock Symbol: HAL
Website:
http://www.halliburton.com
Career Site
Halliburton is one of the world's largest
providers of products and services to the oil and gas industries.
The company provides help through the entire lifecycle of oil
and gas reservoirs, starting with exploration and development,
moving through production, operations, maintenance, conversion
and refining.
Halliburton consists of three business
segments:
- Drilling, Evaluation and Digital Solutions
- Fluid Systems
- Production Optimization
Halliburton officially separated from its
engineering and construction subsidiary, KBR, in April. KBR is
playing a key role in the reconstruction of Iraq including developing
infrastructure and supplies. KBR employs 60,000 people in 43
countries. It now has separately traded stock.
Halliburton has operations in 70 countries
worldwide, with more than 350 offices in the U.S. The company
has executive offices in Houston but announced plans to move
headquarters to Dubai in the United Arab Emirates.
Vice President Dick Cheney was CEO of Halliburton
before taking office in 2001.
In 2006, revenues at Halliburton were $22.5
billion and the company reported net income of $2.31 billion.
History
Halliburton grew from the risk-taking entrepreneurialism
of Erle P. Halliburton, who established the New Method Oil Well
Cementing Company in Oklahoma in 1919. Simultaneously, the Brown
brothers, George and Herman, partnered with their brother-in-law,
Dan Root, to found Brown & Root in Texas.
Major acquisitions by Halliburton include
Brown & Root, an 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.
In March 2002, Halliburton announced plans
to separate its business groups into two wholly-owned operating
subsidiaries: Halliburton's Energy Services Group, and KBR, the
engineering and construction group. KBR officially became independent
in 2007 and trades with its own stock.
Benefits
- Health and Group Benefits
Medical Plans/Prescription Drugs
- Deductible Preferred Provider (PPO) Plan (or Deductible Medical
Plan, if PPO coverage is not available in your area). A PPO is
a network of doctors, hospitals and other facilities that provide
health care services at a reduced cost to members. Under the
Deductible PPO Plan, you may receive covered care from any provider,
but you will pay less out-of-pocket if you choose an in-network
provider. Under the Deductible Medical Plan, you must satisfy
an annual deductible before benefits are payable by the plan.
- Exclusive Provider Organization (EPO). The EPO has a wide network
of participating doctors and hospitals. You must visit in-network
providers for services to be covered. You do not have deductibles
or coinsurance; instead, a copayment is your only out-of-pocket
cost for covered services. EPO eligibility is based on the service
area in which you live.
- Prescription drug benefits are available in all of the above
plans. The plans are the same under all medical programs and
provide both retail and mail-order benefits.
Dental Plan
- Dental PPO Plan. This plan has a structure similar to that
of the Deductible PPO Plan. Once you have met the deductible
for the year, the plan pays a percentage of the cost for your
dental expenses, up to the annual maximum.
- Dental Health Maintenance Organization (DHMO). A DHMO is a
managed dental plan that works much like an EPO. Eligibility
for the DHMO is based on the service area in which you live.
Vision Plan
The vision plan helps pay for the cost of routine eye care and
medically necessary vision expenses. The plan covers services
such as an eye exam and contact lenses or eyeglasses.
Employee Life Insurance
The Company pays for basic life insurance at the lesser of 1x
your annual benefit base pay or $50,000. Employees have the option
to purchase additional life insurance from 1 to 6x annual benefit
base pay. Optional employee insurance may require evidence of
insurability.
Spouse Life Insurance
Employees may purchase life insurance for a spouse, not to exceed
the employee's coverage amount or $250,000. Spouse coverage requires
evidence of insurability.
Child Life Insurance
Employees may purchase $2,000, $5,000 or $10,000 life insurance
per child.
Accidental Death and Dismemberment (ADD)
- Employee ADD is available at $50,000 increments from $50,000
to the lesser of $1,000,000 or 10x your annual base pay.
- Spouse ADD is available in $50,000 increments from $50,000
to the lesser of $1,000,000 or 10x the employee's annual base
pay, and cannot exceed the employee's coverage amount.
- Child ADD is available in $5,000 increments from $5,000 to
$50,000.
Long Term Disability Insurance
Halliburton pays 40% of your annual base pay at no cost to you.
You may elect to purchase supplemental coverage at 50% or 60%
of your annual base pay.
Health Care and Dependent Day Care Spending
Accounts
Health care accounts and dependent day care accounts are available
from $120 up to $5,000 per year. These accounts provide a pre-tax
method for paying for eligible health care and dependent care
expenses.
- Retirement and Savings
Company Matching Contributions
Halliburton matches tax-deferred contributions dollar-for-dollar,
up to 4% of your eligible pay, per pay period.
Halliburton Basic Contribution
The Company will contribute 4%, based on your eligible compensation,
each year, into your Halliburton Retirement and Savings account.
Vesting
- Immediate 100% vesting in your tax-deferred, Company match
and rollover contributions, as well as any earnings on those
contributions.
- After three years of credited service, you are 100% vested
in the Halliburton Basic Contribution Plan and the earnings on
those contributions.
- Other Benefits
Vacation/Paid Time Off
Paid time off enables you to take a vacation or handle personal
or family matters. You earn vacation time based on your years
of service with the Company. In some cases, persons may also
receive vacation days based on non-Halliburton years of experience,
upon request.
Vacation is granted according to the following
schedule*:
Length of Service - Weeks of Vacation
1 year but less than 5 years - 2
5 years but less than 10 years - 3
10 years but less than 25 years - 4
25 or more years - 5
*other eligibility factors apply
Halliburton also offers seven paid holidays.
Employee Assistance Program (EAP)
The Employee Assistance Program can assist you and your eligible
dependents with family, financial, personal or emotional issues.
Educational Assistance Program
Halliburton offers reimbursement up to a certain limit per calendar
year to cover the cost of job-related workshops, off-site seminars,
courses taken at accredited educational institutions and other
programs targeted to improve your skills and performance. Reimbursement
includes a portion of course fees, tuitions and the cost of books.
Matching Gift Program
The Halliburton Foundation Matching Gift Program supports education
by matching your contributions to eligible educational institutions
on a two-for-one basis. You must have one year of service to
participate.
Employee Stock Purchase Program (ESPP)
The Employee Stock Purchase Program makes it easy for you to
become a shareholder of the Company and to participate in its
potential future growth and profitability. The ESPP gives you
the opportunity to purchase Halliburton Company common stock
through regular payroll deductions. All full-time employees paid
through U.S. payrolls, who have attained the age of majority
in their state of residence, are eligible to participate.
Updated April 13, 2007
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