FOR IMMEDIATE RELEASE          Contact - Guy T. Marcus
November 8, 1994                         Vice President-Inv. Rel.
                                         (214) 978-2691

          HALLIBURTON 1994 FOURTH QUARTER DIVIDEND

     DALLAS, Texas -- Halliburton Company announced today that
its board of directors has declared a 1994 fourth quarter
dividend of 25 cents a share on the company's common stock,
payable December 22, 1994 to shareholders of record at the close
of business on December 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.
                     
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