Re: Haliburton Profit $9 BILLION - So Far!
squinney wrote:Halliburton has 'earned' $9 billion in Iraq thus far.
Perhaps a minor nit in the entire scheme of things but, despite your thread title, that $9 billion wasn't profit - it's gross revenue (if it's even a valid number for that). Haliburton's entire corporate annual gross profits for 2004 were $1 billion (from all of it's business lines) and it's EBITDA was was $840 million with net profits at $387 million. Their gross profits from December 2001 all the way through December 2004 only total slightly over $2.1 billion.
That's a fairly significant difference from the $9 billion claimed.