As Halliburton closes in on the centennial anniversary of Erle P. Halliburton revolutionizing oil well cementing and founding the company (in 1919), we enjoyed hosting this oilfield service bellwether’s (particularly in North America) current leader. While only several months into his CEO seat, Jeff has been with Halliburton for a couple decades (half spent overseas) in a variety of progressively senior operational and business development roles, including most recently as COO, and then President. Proved an enlightening conversation ranging from Jeff’s leadership style and internal communications approach (important for a truly global organization with ~50k employees, spread across ~70 countries), to the organizational processes in place which enable Halliburton to execute well on its key corporate guideposts (delivering the best service quality to customers, delivering attractive returns for shareholders), to the road ahead for Halliburton in each of its three strategic market focus areas (Unconventionals, Mature Fields, Deep Water). Jeff’s mastery of the key drivers for (and value proposition of) the company’s broad portfolio of product service lines is impressive and speaks to why Halliburton’s board tapped him to lead the company into its second century. We came away from our visit even more enthused about the future prospects for this leading OFS story/stock, which was already one of our favorites.
Maynard Holt, Jeff Miller, Jeff Tillery
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