<SUBMISSION>
<ACCESSION-NUMBER>0000899243-97-000879
<TYPE>424B2
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>19970508
<SROS>NYSE
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>HALLIBURTON CO
<CIK>0000045012
<ASSIGNED-SIC>1600
<IRS-NUMBER>752677995
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B2
<ACT>33
<FILE-NUMBER>033-65772
<FILM-NUMBER>97598437
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3600 LINCOLN PLZ
<STREET2>500 N AKARD ST
<CITY>DALLAS
<STATE>TX
<ZIP>75201-3391
<PHONE>2149782600
</BUSINESS-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>HALLIBURTON OIL WELL CEMENTING CO
<DATE-CHANGED>19660911
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT NO. 2
<TEXT>

<PAGE>
 
HALLIBURTON COMPANY
 
Medium-Term Notes                                      Pricing Supplement No. 2
Due Nine Months or More                                       Dated May 7, 1997
From Date of Issue, Series A      (To Prospectus dated December 19, 1996 and 
                                  Prospectus Supplement dated January 13, 1997) 
                                                                            

 
<TABLE>
<S>                 <C>               <C>               <C>
PRINCIPAL AMOUNT    DATE OF ISSUE     MATURITY DATE     INTEREST RATE PER ANNUM
----------------    -------------     -------------     -----------------------
$50,000,000          May 12, 1997      May 12, 2017              7.53%
</TABLE>
 
Issued at 100% of aggregate principal amount.
Agents' commissions are .750% and proceeds to the Company are 99.250% or
$49,625,000.
Interest payable each February 1 and August 1, commencing August 1, 1997.
Not redeemable prior to maturity.
Initially issued in Book-Entry Note form.
 
  On May 12, 1997, $175,000,000 in aggregate principal amount of Notes,
including the Notes offered hereby, will have been sold and issued.
</TEXT>
</DOCUMENT>
</SUBMISSION>
