SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
January 23, 2004
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
1401 McKinney, Suite 2400
Houston, Texas 77010
(Address of principal executive offices)
Registrant's telephone number,
including area code - 713-759-2600
INFORMATION TO BE INCLUDED IN REPORT
Item 9. Regulation FD Disclosure
On January 23, 2004 registrant issued a press release entitled
"Halliburton Credits Government $6.3 million for Potential Over billing until
investigation complete."
The text of the press release is as follows:
Halliburton Credits Government $6.3 million for
Potential Over billing until investigation complete
Company says: "We reported it immediately and we are cutting a check to the
government just in case the over billing charge bears out. We will bear the
cost of the overcharge - not the government."
HOUSTON, Texas - Halliburton announced today that it has issued a check in the
amount of $6.3 million to their customer, the Army Materiel Command, to cover
potential over billing charges by a subcontractor on the LOGCAP contract until
its investigation of the situation is complete.
"We will bear the cost of the potential overcharge - not the government," said
Randy Harl, president and CEO, KBR.
Halliburton credits "strong internal detective work" in the discovery of
possible overcharges by a Kuwaiti subcontractor and improper payments to one or
two former KBR employees. The company reported the irregularities to the
Pentagon's Inspector General last week.
"We have diligent internal controls and a strong corporate Code of Business
Conduct," said Harl. "We have a fiduciary responsibility to our clients to
carefully monitor every transaction. I am extremely proud of the work the
auditors did in this particular case."
Halliburton officials said the company employs 54 auditors, who continually
audit financial aspects of the company operations. In addition, the company has
300 warranted procurement specialists supporting its government business.
"There are many check points within the system," said Harl. "Our people operate
like forensic auditors. If there is a problem with an invoice, a contract or an
agreement, they will find it. In this case, once they found the problem an
internal investigation started immediately."
For more than 60 years, during both Democrat and Republican administrations,
Halliburton has a record of service to the defense to the United States. We
built war ships for the Navy in World War II, and we have supported troops in
Somalia, Rwanda Haiti, the Balkans and Afghanistan. In the first Gulf War, we
helped bring under control half the oil wells in Kuwait. Halliburton employees
are prepared to meet the challenge regardless of the difficulties and risks
involved.
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 and Engineering and Construction Groups. The company's World Wide Web
site can be accessed at www.halliburton.com.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HALLIBURTON COMPANY
Date: January 23, 2004 By: /s/ Michael A. Weberpal
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Michael A. Weberpal
Assistant Secretary and
Assistant General Counsel