FOR IMMEDIATE RELEASE       Contact - Guy T. Marcus
August 22, 1995                       Vice President-Inv. Rel.
                                      (214) 978-2691

          HALLIBURTON VICE CHAIRMAN W. BERNARD (BER) PIEPER TO RETIRE

     DALLAS,  Texas --  Halliburton  Company  (NYSE-HAL)  today  announced  that
W.Bernard (Ber) Pieper, vice chairman and chief operating officer,will retire at
the end of 1995.  Pieper,  63,  will serve as an advisor and  consultant  to the
company through October 1997.

     Pieper has worked for Halliburton  for over 38 years.  Before becoming vice
chairman,  he was employed by Halliburton's Brown & Root,Inc.  subsidiary for 35
years.  He was named president of Brown & Root in January 1989 and president and
chief executive officer in July 1990.

     Pieper moved to  Halliburton's  corporate  office as vice  chairman in June
1992. He has been responsible for the company's  quality  improvement  programs,
strategic  planning and  organizational  development  activities.  In March 1994
Pieper  assumed  additional  responsibilities  of chief  operating  officer  for
Halliburton Company.

     Thomas H. Cruikshank,  chairman of the board and chief executive officer of
Halliburton  Company,  said,  "Ber Pieper has been  instrumental in both shaping
Halliburton as it exists today and developing the strategies which will help the
company expand and grow in the future.

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     "We are grateful for the many significant contributions he has made to this
company over his long  career,"  Cruikshank  said,  "and we wish him well in any
future endeavors he may undertake."

     During  his career  with  Brown & Root,  Pieper  held key  engineering  and
operations management positions,  both in the United States and abroad. In March
1972 he was named  vice  president  of marine  engineering.  From 1979 until his
promotion  to  president  of Brown & Root he  served as  senior  executive  vice
president of operations.

     Pieper was  graduated  with B.A. and B.S.  degrees from Rice  University in
1954.  From 1957 through 1958 he did  postgraduate  studies at the University of
Houston. He is a fellow of the American Society of Civil Engineers,  a member of
Sigma Tau and Tau Beta Pi engineering  honor  societies,  and a former member of
the  executive  boards  for the Texas  Association  of  Taxpayers  and the Texas
Research League.

     Pieper   also   serves  on  the  boards  of  two   organizations   at  Rice
University--the  George R. Brown School of  Engineering  advisory  board and the
Jones Graduate School of Administration council of overseers.  He is the current
chairman of the engineering advisory board.

     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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