The settlement in the investigation by the Securities and Exchange Commission covers the disclosure of and accounting for the recognition of revenue from unapproved claims on long-term construction projects.
"We are pleased to bring closure to this matter," said chairman, president and chief executive Dave Lesar. "The resolution of this issue and the pending resolution of the company's asbestos liability will help us focus on strengthening our business in energy services and engineering and construction."
Halliburton
