

FOR IMMEDIATE RELEASE               Contact:         Guy T. Marcus
December 8, 1997                                     V.P. -Inv. Rel.
                                                     (214) 978-2691

                       DiBONA ELECTED TO HALLIBURTON BOARD


         DALLAS,  Texas -- Halliburton  Company  (NYSE:HAL)  announced today the
election of Charles J. DiBona to the company's board of directors.  The addition
of Mr. DiBona increases Halliburton's board of directors to eleven members.
         Mr. DiBona, 65, retired as president and chief executive officer of the
American Petroleum  Institute (API) at the end of September,  1997. The API is a
major  petroleum  industry  trade  association  representing  approximately  300
members  in all  aspects  of the  business  including  exploration,  production,
refining, transportation and marketing.
     DiBona  graduated  from the U. S.  Naval  Academy  in 1956  with a B.S.  in
engineering.  From 1957 to 1960 he was a Rhodes  Scholar  at Oxford  University,
England,  were he earned  B.A.  and M.A.  degrees in  philosophy,  politics  and
economics.
     He served in the U.S.  Navy from 1956 to 1967,  resigning  with the rank of
Lt.  Commander.  From  1967  to  1973  DiBona  served  as  president  and  chief

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Halliburton Company                         2

executive  officer of the Center for Naval Analyses in Arlington,  Virginia.  He
then served as special  consultant  to the  President  of the United  States and
Deputy Director of the White House Policy Office in 1973.
         DiBona  joined the API in 1974 as executive  vice  president  and chief
operating  officer.  He was elected president and chief executive officer of the
API in 1979 and served in that position until his 1997 retirement.
         DiBona is chairman of the board of the Logistics Management  Institute;
member of the board of directors of the American Council for Capital  Formation;
a member of the Federal City  Council;  and vice  chairman of the U.S.  National
Committee of the World Petroleum Congress.
         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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