FOR IMMEDIATE RELEASE                         Contact - Guy T. Marcus
July 20, 1995                                           Vice President-Inv. Rel.
                                                        (214) 978-2691

                 DAVID J. LESAR NAMED EXECUTIVE VICE PRESIDENT
                          AND CHIEF FINANCIAL OFFICER

     DALLAS,  Texas -- Halliburton  Company  announced today that David J. Lesar
has been named to the position of executive vice  president and chief  financial
officer of the company, effective August 1, 1995.

     Mr.  Lesar,  42,  has  served  as  executive  vice   president-finance  and
administration  at the company's  Halliburton  Energy Services  business segment
since 1993.  Previously,  he was employed by Arthur  Andersen & Co. for 16 years
and was partner in charge of the energy  manufacturing  and retail practices for
its Dallas office.  Lesar is a graduate of the University of Wisconsin  where he
earned BS and MBA degrees.

     In his new position, Lesar will be responsible for all financial activities
of Halliburton  Company.  The chief financial officers of the company's business
segments will have reporting responsibilities to both Lesar and their respective
chief executive  officers.  He will also head  company-wide  financial and other
re-engineering  efforts,  including a management  information project. Also, the
corporate  accounting,  treasury,  trust  investments and tax  departments  will
report to him.

                              Page 8 of 9 pages
                      The Exhibit Index appears on Page 4


     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.

                           # # #

                              Page 9 of 9 pages
                      The Exhibit Index appears on Page 4