The company has been involved in numerous controversies, including the Deepwater Horizon explosion, for which it agreed to settle outstanding legal claims against it by paying litigants $1.1 billion.
As of August 1, 2014 Jeff Miller was promoted to President of Halliburton reporting directly to Dave Lesar.
On November 17, 2014 Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction valued at $34.6 billion. A press release made available on the former's website, as at December 11, 2014 detailed the restructuring in the integration to follow.