Halliburton recognizes the importance of utilizing local, small, and diverse business enterprises that offer quality products and services on a competitive basis and seeks to provide the maximum opportunity for their participation in our procurement and sourcing processes.
What defines these types of suppliers is not the same around the world. We recognize these differences and model our efforts to reflect the governmental, cultural and economic development needs of each country in which we operate. In the United States, Halliburton focuses on the utilization of minority, women and small business enterprises (M/W/SBEs).
As a company, Halliburton is committed to providing safe, cost-effective services by leveraging our global network to deliver world-class services to our customers. Effectively managing the commodities we purchase ensures delivery of the lowest total cost of acquisition of materials, equipment and services around the world.
Further, we strongly encourage our prime suppliers to develop mutually beneficial business relationships with qualified local, small, and diverse suppliers. Prime suppliers who subcontract work to diverse business enterprises will be viewed as providing added value to our company.