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Halliburton Fact Sheet

HALLIBURTON FACT SHEET

… Halliburton has earned over $3.9 billion in government contracts in 2003 alone

… This includes combating oil fires and fix oil pipelines: $710 million; support for invading army: $820 million; housing and transportation for troops in Kuwait: $289 million; housing and transportation for troops in Jordan: $40 million; housing and transportation for teams searching for weapons of mass destruction in Iraq: $40 million

Other Halliburton Contracts

Camp Bondsteel and Camp Monteith in Kosovo: $829.2 million
… Eagle Base and Camp McGovern in Bosnia/Herzegovinia: $695.2 million
… Taszar air base in Hungary: $287.7 million
… Incirlik Airbase in Turkey: $100 million
… Bagram and Kandahar Airbase in Afghanistan: $52.2 million
… Camp Able Century in Macedonia: $30.5 million
… Camp Lemonier in Djibouti: $28 million
… Training mission in Georgia: $25.1 million
… Camp Stronghold Freedom in Uzbekistan: $22.1 million

US Vice-President Dick Cheney, Halliburton's Former CEO

… In 2001 and 2002 Cheney earned twice as much in deferred salary from Halliburton from his previous job as chief executive officer of Halliburton -- $183,000 each year
… He also owns 433,000 unexercised Halliburton stock options at the end of 2002, worth more than $10 million dollars

Halliburton's Pre- and Post- Iraq War Profits

… Halliburton's net profit for the second quarter of 2003: $26 million
… Halliburton net loss the second quarter of 2002: $498 million

In December 2003, the United States Army found Halliburton of overcharging the government by $61 million for fuel transportation and $67 million for food services. The company charged as much as three dollars a gallon for gasoline that local companies were importing for under a dollar.

Brown and Root has been also been investigated for over billing the government in its domestic operations. In February 2002, Brown and Root paid out $2 million to settle a suit with the Justice Department that alleged the company defrauded the government during the mid-1990s closure of Fort Ord in Monterey, California, by fraudulently inflated project costs by misrepresenting the quantities, quality, and types of materials required for 224 projects.

A Government Accounting Office study showed that a Brown and Root operation in Bosnia estimated at $191.6 million when presented to Congress in 1996 had ballooned to $461.5 million a year later. Examples of overspending by contractors include flying plywood from the United States to the Balkans at $85.98 a sheet.