FOR IMMEDIATE RELEASE              Contact - Guy T. Marcus
July 21, 1994                                VP-Inv. Rel.
                                             (214) 978-2691

             HALLIBURTON 1994 THIRD QUARTER DIVIDEND

     DALLAS, Texas -- Halliburton Company's board of directors
today declared a third quarter dividend of 25 cents a share on
the company's common stock, payable September 22, 1994 to
shareholders of record at the close of business on September 1,
1994.

     Halliburton Company is one of the world's largest
diversified energy services, engineering, maintenance, and
construction companies.  Founded in 1919, Halliburton provides a
broad range of energy services and products, industrial and
marine engineering and construction services, and property and
casualty insurance services.

                               # # #