

                                                               Exhibit 23

                       CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS




As independent  public  accountants,  we hereby consent to the  incorporation by
reference  in the  Registration  Statement  on Form  S-8,  dated  June 1,  1998,
covering the  Halliburton  Profit  Sharing and Savings Plan, of our report dated
April 17, 1998,  relating to the statement of net assets  available for benefits
of Halliburton  Profit Sharing and Savings Plan as of December 31, 1997, and the
related  statement of changes in net assets  available for benefits for the year
then ended and  related  supplemental  schedules,  which  report  appears in the
December 31, 1997, annual report on Form 11-K of Halliburton Company.



                                                     ARTHUR ANDERSEN LLP




Dallas, Texas,
June 1, 1998

