Cost and Benefits of Conducting Business Ethically
Founded in 1919, by Erie P. Halliburton, Halliburton is one of the world’s largest providers of products and services to the global oil and gas industry. It employs more than 75,000 people, representing 140 nationalities operating in over 80 countries. Halliburton has been a renowned name in the oil industry for over 95 years. A business like Halliburton are leaders in innovation and technology. It’s one of the most successful companies of its kind boasting revenues in 2014 of over $32.8 billion dollars (Halliburton, 2015).
Unethical Behavior
Halliburton while operating in over 80 countries has been accused multiple times of doing business with countries prohibited from doing trade with the United …show more content…
The 2015 Harts E&P Meritorious Engineering Achievement Award in Coe Vault System, Environmentally Distinctive Burner System, Salt Shield Cement, Buoyancy-Assisted Casing Equipment (BACE). Offshore Technology Conference Spotlight on Technology Award was presented to Halliburton in RezConnect Well Testing System this year as well. The years prior to 2014 and 2015 many other awards were bestowed on Halliburton. Awards that honored their faithfulness to the progressive field of energy technology. Halliburton has shown that ethical business practices and innovative research do have its rewards (Halliburton. 2015).
Unethical Repercussion. Halliburton plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill. Halliburton’s guilty plea was the third by a company concerning the gulf oil spill. Halliburton agreed to three years’ probation and to continue cooperating with the criminal probe. Just today, July 19, 2015 Halliburton announces that it has reached an agreement with British Petroleum (BP) Exploratory and Production Inc. relating to the April 20, 2010 Deepwater Horizon well incident in the Gulf of Mexico (Halliburton
Founded in 1919, by Erie P. Halliburton, Halliburton is one of the world’s largest providers of products and services to the global oil and gas industry. It employs more than 75,000 people, representing 140 nationalities operating in over 80 countries. Halliburton has been a renowned name in the oil industry for over 95 years. A business like Halliburton are leaders in innovation and technology. It’s one of the most successful companies of its kind boasting revenues in 2014 of over $32.8 billion dollars (Halliburton, 2015).
Unethical Behavior
Halliburton while operating in over 80 countries has been accused multiple times of doing business with countries prohibited from doing trade with the United …show more content…
The 2015 Harts E&P Meritorious Engineering Achievement Award in Coe Vault System, Environmentally Distinctive Burner System, Salt Shield Cement, Buoyancy-Assisted Casing Equipment (BACE). Offshore Technology Conference Spotlight on Technology Award was presented to Halliburton in RezConnect Well Testing System this year as well. The years prior to 2014 and 2015 many other awards were bestowed on Halliburton. Awards that honored their faithfulness to the progressive field of energy technology. Halliburton has shown that ethical business practices and innovative research do have its rewards (Halliburton. 2015).
Unethical Repercussion. Halliburton plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill. Halliburton’s guilty plea was the third by a company concerning the gulf oil spill. Halliburton agreed to three years’ probation and to continue cooperating with the criminal probe. Just today, July 19, 2015 Halliburton announces that it has reached an agreement with British Petroleum (BP) Exploratory and Production Inc. relating to the April 20, 2010 Deepwater Horizon well incident in the Gulf of Mexico (Halliburton