The BusinessWeek 50 Ranking
7
Halliburton
JUST A COUPLE of years ago, Dave Lesar had the corner office job no one in his right mind would want. As CEO of Halliburton, the huge oil-services construction-contractor firm, Lesar faced an energy slump depressing his core oil-and-gas services business, billions in unsettled asbestos liabilities, and political hot potatoes ranging from previous CEO Dick Cheney’s compensation to controversial no-bid contracts in Iraq. Deal with them he did. The former Arthur Andersen accountant certainly benefited from sky-high energy prices, which have lifted all ships in the sector. Still, Lesar was able to put Halliburton’s asbestos issue to rest by paying more than $4 billion into a trust intended to compensate more than 400,000 claims. He has also begun the process of separating Halliburton from its chronically controversial Kellogg Brown & Root construction unit. The first step is a probable IPO for 20% of KBR’s shares, expected later this year. Halliburton stock, which traded in the single digits in early 2002, recently hit $70. And the outlook is bright, as long as global economic growth doesn’t peter out.
Company Info |
|
| 2005 Rank | 129 |
| GET MORE COMPANY INFO | HAL |
| Market Value $ Million | 34,884.0 |
| Total Return $ Million | (1-yr.) 56.5
(3-yr.) 252.6 |
| 2005 Sales $ Billion | 21.0 |
| Sales Growth $ Million | (1-yr.) 3
(3-yr.) 19.6 |
| Long-Term Growth Est. % | 15.0 |
| Net income $ Million | 2,357.0 |
| Net Income Growth $ Million | (1-yr.) 512
(3-yr.) 163.7 |
| Net Margin %* | 11.2 |
| Return on Inv. Capital (%)* | 25.3 |
| Share Price 12-Mo. Hi/Lo | 82/40 |
| P/E Ratio | 15 |
| Industry | Energy |
| CORPORATE WEB SITE | |
