




FOR IMMEDIATE RELEASE       Contact- Guy T. Marcus
May 20, 1997                         Vice President-Inv. Rel
                                     (214) 978-2691

   1997 SHAREHOLDERS' MEETING AND SECOND QUARTER DIVIDEND

     DALLAS, Texas -- At Halliburton Company's (NYSE-HAL)
annual meeting in Dallas today, the company's shareholders elected
all ten nominees to the board of directors and ratified the
appointment of Arthur Andersen LLP to audit the company's
financial statements for the year 1997.  Also, Halliburton's
shareholders approved  proposals to amend the certificate of
incorporation of the company to increase the number of
authorized shares of common stock and to amend and restate the
1993 stock and long-term incentive plan.

     At the board of directors meeting following the shareholders
meeting, the board declared a second quarter dividend of 25
cents per share of the common stock, payable June 25, 1997 to
shareholders of record at the close of business June 4,
1997.

     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.

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           The Exhibit Index Appears on Page 4

