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)

                          OCTOBER 27, 1994

                        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. 73-0271280


                         3600 Lincoln Plaza
                       500 North Akard Street
                      Dallas, Texas 75201-3391
              (Address of principal executive offices)

                  Registrant's telephone  number,
                 including area code - 214/978-2600







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             INFORMATION TO BE INCLUDED IN REPORT

Item 5.   Other Events

     The registrant may, at its option, report under this item
any events, with respect to which information is not otherwise
called for by this form, that the registrant deems of
importance to security holders.

     On October 27, 1994, the registrant issued a press
release entitled Halliburton Reports Substantially Improved
Earnings pertaining, among other things, to an announcement
that the registrant reported net income of $51.7 million, or
$.45 per share, for the 1994 third quarter reflecting
substantial improvement in profitability by its Halliburton
Energy Services business segment.

     The foregoing summary is subject to the full text of the
press release with respect thereto, a copy of which is attached
hereto as Exhibit 20, which exhibit is incorporated herein by
reference.

Item 7.   Financial Statements and Exhibits

     List below the financial statements, pro forma financial
information and exhibits, if any, filed as part of this report.

     (c)  Exhibits.

          Exhibit 20 - Press release dated October 27, 1994.


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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:     October 28, 1994       By: (Robert M. Kennedy)
                                      Robert M. Kennedy
                                   Vice President -  Legal

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                        EXHIBIT INDEX



Exhibit                                      Sequentially
Number              Description              Numbered Page

    20              Press Release of
                    October 27, 1994           5 of 8
                    Incorporated by Reference


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