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HALLIBURTON RESPONDS TO FALSE STATEMENTS
Dallas, Texas - Wednesday Citizensworks put out a false and misleading statement regarding Halliburton's payments of federal corporate income taxes from 1996-2000. Halliburton has the highest tax compliance practices and standards, and above all else - a commitment to ethics.
We want to publicly request this group to stop making political and false statements that are not based on facts.
Here are the facts.
Our non-U.S. subsidiaries were formed to manage our business operations outside the United States and for no other reason.
Halliburton recorded a total current provision for federal income taxes for the following years:
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2000 $16 million on continuing operations, plus an additional $141 million for the sale of our interest in Dresser-Rand and a portion of the $60 million worldwide taxes attributable to discontinued operations |
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1999 $9 million net provision because we had a $85 million tax benefit resulting from a loss on continuing operations, reduced by $94 million provision for tax on the sale of our interest in Ingersoll-Dresser Pump |
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1998 $302 million |
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1997 $167 million, includes Halliburton and Dresser Industries pre-merger amount |
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1996 $82 million, includes Halliburton and Dresser Industries pre-merger amount |
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company's World Wide Web site can be accessed at www.halliburton.com.
Contact
Wendy Hall
wendy.hall@halliburton.com
Halliburton
Public Relations
(p) 713.676.5227
Cedric Burgher
cedric.burgher@halliburton.com
Halliburton
Vice President
Investor Relations
(p) 713.676.4608
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
kbr_supplier_relations@halliburton.com
Supplier Diversity Contact
Erin Petkovich
supplier_diversity@halliburton.com
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