


FOR IMMEDIATE RELEASE               Contact:Guy T. Marcus
October 30, 1997                    VP-Inv. Rel.
                                    (214) 978-2691


                       HALLIBURTON FOURTH QUARTER DIVIDEND


         DALLAS,  Texas -- Halliburton  Company (NYSE: HAL) announced today that
its board of directors has declared a 1997 fourth quarter dividend of 12.5 cents
a share on the  company's  common  stock,  payable  December  23,  1997 to share
-holders of record at the close of business on December 2, 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
