<SEC-DOCUMENT>0000045012-01-500035.txt : 20011030
<SEC-HEADER>0000045012-01-500035.hdr.sgml : 20011030
ACCESSION NUMBER:		0000045012-01-500035
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20011023
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20011026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLIBURTON CO
		CENTRAL INDEX KEY:			0000045012
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				752677995
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03492
		FILM NUMBER:		1766799

	BUSINESS ADDRESS:	
		STREET 1:		3600 LINCOLN PLZ
		STREET 2:		500 N AKARD ST
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201-3391
		BUSINESS PHONE:		2149782600

	MAIL ADDRESS:	
		STREET 1:		3600 LINCOLN PLZ
		STREET 2:		500 N AKARD ST
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLIBURTON OIL WELL CEMENTING CO
		DATE OF NAME CHANGE:	19660911
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ed10232001.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (date of earliest event reported)

                                OCTOBER 23, 2001

                               Halliburton Company
             (Exact name of registrant as specified in its charter)

State or other                      Commission              IRS Employer
jurisdiction                        File Number             Identification
of incorporation                                            Number

Delaware                              1-3492                No. 75-2677995

                               3600 Lincoln Plaza
                             500 North Akard Street
                            Dallas, Texas 75201-3391
                    (Address of principal executive offices)

                         Registrant's telephone number,
                       including area code - 214/978-2600






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<PAGE>

         INFORMATION TO BE INCLUDED IN REPORT

Item 5.  Other Events

     The registrant may, at its option,  report under this item any events, with
respect to which  information is not otherwise called for by this form, that the
registrant deems of importance to security holders.

     On October 23, 2001 registrant issued a press release entitled "Halliburton
Posts Record Profits"  pertaining,  among other things,  to an announcement that
registrant  reported  2001 third  quarter net income of $179 million  ($0.42 per
diluted share).  Net income from  continuing  operations was $181 million ($0.42
per diluted  share),  an increase of 39 percent  over the prior year quarter and
the highest  earnings  since  registrant's  merger with Dresser was completed in
1998.  Revenues from  continuing  operations were $3.4 billion in the 2001 third
quarter,  an increase of 12 percent compared to the year ago quarter.  Operating
income of $342  million  for the  quarter  represents  an increase of 38 percent
compared to the 2000 third quarter operating income of $248 million. Excluding a
non-recurring  gain in the  2000  third  quarter,  operating  income  more  than
doubled.  Compared to the 2001 second quarter,  operating  income  increased $70
million on increased revenues of $52 million.

Item 7.  Financial Statements and Exhibits

     List below the financial  statements,  pro forma financial  information and
exhibits, if any, filed as part of this report.

     (c) Exhibits.

         Exhibit 20 - Press release dated October 23, 2001.





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<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    HALLIBURTON COMPANY




Date:    October 24, 2001           By: /s/ Susan S. Keith
                                       --------------------------------------
                                            Susan S. Keith
                                            Vice President and Secretary










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<PAGE>

                                  EXHIBIT INDEX



Exhibit          Description

20               Press Release Dated October 23, 2001

                 Incorporated by Reference







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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-20
<SEQUENCE>3
<FILENAME>exh20_10232001.txt
<TEXT>

FOR IMMEDIATE RELEASE               Contact: Cedric Burgher
10/23/01                                     Vice President-Investor Relations
                                             713-676-4933
                                             cedric.burgher@halliburton.com

                                             Wendy Hall
                                             Manager-Media Relations
                                             713-676-5227
                                             wendy.hall@halliburton.com

                        HALLIBURTON POSTS RECORD PROFITS

     DALLAS,  Texas -- Halliburton Company (NYSE: HAL) reported today 2001 third
quarter net income of $179 million  ($0.42 per diluted  share).  Net income from
continuing operations was $181 million ($0.42 per diluted share), an increase of
39 percent over the prior year quarter and the highest earnings since the merger
with Dresser was completed in 1998.

     Revenues  from  continuing  operations  were $3.4 billion in the 2001 third
quarter,  an increase of 12 percent compared to the year ago quarter.  Operating
income of $342  million  for the  quarter  represents  an increase of 38 percent
compared to the 2000 third quarter operating income of $248 million. Excluding a
non-recurring  gain in the  2000  third  quarter,  operating  income  more  than
doubled.  Compared to the 2001 second quarter,  operating  income  increased $70
million on increased revenues of $52 million. Both the Energy Services Group and
Engineering and Construction Group contributed to these improved results.

     "Both our business segments delivered  outstanding results," commented Dave
Lesar,  Halliburton's  chairman  of the  board,  president  and chief  executive
officer.  "Our  performance in the quarter  highlights the earnings  capacity of
this dynamic organization.  While the near-term industry outlook is less robust,
the longer-term  fundamentals are strong. Our global presence and market leading
products and services  position us  extremely  well to perform  under all market
conditions."

2001 Third Quarter Segment Results

     The Energy  Services  Group segment  posted 2001 third quarter  revenues of
$2.3 billion  representing an increase of 33 percent  compared to the 2000 third
quarter.  Energy Services Group revenues in the United States increased by three
percent from the 2001 second quarter,  while international revenues increased by


                                Page 5 of 9 Pages
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<PAGE>

Halliburton Company                                     Page 2

over five precent.  Within the Energy  Servcies  Group,  revenues at Halliburton
Energy  Services  increased  32 percent  compared to the 2000 third  quarter and
increased  for all  geographic  regions and product  service lines over the same
time period.

     Operating income for the Energy Services Group segment was $321 million, an
increase of 41 percent from the 2000 third  quarter.  Excluding  last year's $88
million  gain on the sale of marine  vessels,  operating  income  increased  129
percent,  and  operating  margins  increased  from eight  percent to 14 percent.
Operating income  improvements for the segment were driven by Halliburton Energy
Services, where operating income increased over 135 percent compared to the 2000
third  quarter and  increased  15 percent  compared to the 2001 second  quarter.
Operating margins within Halliburton Energy Services were 17 percent compared to
nine percent a year earlier.  Incremental margins at Halliburton Energy Services
for the quarter  were 74 percent  sequentially.  Surface/Subsea  businesses  and
Landmark Graphics also posted strong operating profits during the quarter.

     The Engineering and  Construction  Group's 2001 third quarter revenues were
$1.1 billion,  down from the $1.3 billion reported in the 2000 third quarter due
to the completion of several large projects. Operating income of $39 million for
the 2001 third quarter generated an operating margin of 3.6 percent,  consistent
with the prior year  quarter and up from 2.2 percent last  quarter.  Backlog for
the group  increased  from $6.3 billion at the  beginning of the quarter to $7.1
billion at the end of the quarter.

Discontinued Operations

     The net loss from discontinued  operations was $2 million after-tax,  which
reflects asbestos-related expenses on previously disposed businesses.

Technology and Significant Achievements

     Halliburton  has recently  announced a number of advances in technology and
new contract awards including:

o    PT Brown & Root  Indonesia,  an affiliate of Kellogg Brown & Root, has been
     awarded a contract to provide project management, engineering, procurement,
     construction  and  installation  (EPCI)  services  for the  Conoco  Belanak
     floating production, storage and offloading vessel (FPSO). Conoco Indonesia
     Inc., Ltd. has been awarded the work under its production  sharing contract
     with Pertamina, the Indonesian state oil and gas company.


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<PAGE>

Halliburton Company                                     Page 3

     The FPSO will be located  in  Conoco-operated  South  Natuna Sea Block B in
     Indonesian  waters,  approximately  200km northeast of Singapore.  The EPCI
     contract,  valued at just under  $600  million,  will take  three  years to
     complete from contract signing to first production in late 2004.

o    Kellogg Brown & Root, and its joint venture partner JGC  Corporation,  have
     been  selected  by Shell Gas & Power  (Shell) as  contractor  for its first
     large scale Gas to Liquids project. The joint venture's contract covers the
     definition of the engineering design. The location of the first project has
     yet to be determined,  but an investment decision is expected by the end of
     2002. Shell intends to commit to up to four projects by the end of 2010.

o    Halliburton  Energy  Services  announced  the  extension of its  high-speed
     satellite  communications network into Africa. Using the high-speed HalLink
     satellite  network,  data can now be transmitted to Halliburton's Real Time
     Operations Centers or visualization rooms, to the customer's office via the
     Internet or, with  connectivity,  to any asset team member at any location.
     This flexibility allows Halliburton and its customers to collaborate, share
     knowledge, and solve problems almost instantly from any point on the globe.
     Operators  have the  ability  to  optimize  performance  and  maximize  the
     economic  recovery of oil and gas reserves by  shortening  the time between
     gathering information and making/executing decisions.

o    Kellogg Brown & Root's Government  Operations team has been selected by the
     United States Department of Defense's (DOD) Defense Threat Reduction Agency
     to participate in the Cooperative  Threat Reduction (CTR) program.  The CTR
     program  was   established   by  the  DOD  to  respond  to  the  threat  of
     proliferation  of  nuclear,   chemical  and  biological   weapons  of  mass
     destruction from the states of the Former Soviet Union. The Kellogg Brown &
     Root team is one of five contracting teams chosen under a five-year initial
     contract,  with one five-year  option based on performance for an estimated
     $5 billion.

o    Halliburton  successfully  completed  the first  application  of its H2Zero
     (TM) conformance  solution in the Gulf of Mexico, reducing the Water-to-Gas
     Ratio (WGR)  by 96 percent.  The  solution  was  applied to an  ExxonMobil-
     operated well  in the Mississippi Canyon  Field, which had  previously been
     shut-in due to excess water production.  With  the successful  reduction to
     the WGR, the well has  now been brought back on line.  Originally developed
     for the North Sea, the H2Zero (TM) solution is an environmentally sensitive
     polymer  system that  provides  exceptional  capabilities  for  controlling
     unwanted water and gas production. It is the only system that has performed
     consistently at higher temperature ranges, up to 300O F.

o    Landmark  Graphics  Corporation  and Accenture  announced the signing of an
     alliance  that  will  help  the  upstream  oil and gas  industry  reap  new
     efficiencies  from its vast global  complex of  processes,  operations  and
     computer  systems.   The  pairing  combines   industry-focused   skills  in
     consulting, data management, applications hosting and outsourcing and spans


                                Page 7 of 9 Pages
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<PAGE>

Halliburton Company                                     Page 4

     more than  100 countries.  The  aim is  to increase production  revenue and
     paring  the  billions of dollars  in  operational  costs  incurred  by  the
     upstream  oil and  gas  industry.  The  alliance  will focus  initially  on
     five critical operational issues for industry executives today: integration
     of technical  applications and business  analysis,   better decision-making
     through  virtual collaboration,  effective  process  management  by using a
     common workflow structure, effective knowledge management  and  outsourcing
     to enable executives to focus on their core businesses.

     Halliburton  Company,  founded in 1919, is the world's largest  provider of
products and services to the petroleum and energy industries. The company serves
its  customers  with a broad range of products and  services  through its Energy
Services Group and Engineering and  Construction  Group business  segments.  The
company's World Wide Web site can be accessed at www.halliburton.com.


NOTE:  In  accordance  with  the  Safe  Harbor  provisions  of the  Private
Securities Litigation Reform Act of 1995, Halliburton Company cautions that
statements  in this  press  release  which are  forward  looking  and which
provide other than historical information,  involve risks and uncertainties
that may impact the  company's  actual  results of  operations.  Please see
Halliburton's  Form 10-Q for the  quarter  ended  June 30,  2001 for a more
complete discussion of such risk factors.


                                       ###









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<PAGE>

<TABLE>
<CAPTION>
                                                          HALLIBURTON COMPANY
                                                   Consolidated Statements of Income
                                                              (Unaudited)
                                                           Quarter Ended                Nine Months Ended
                                                           September 30                    September 30
                                                    ----------------------------    ---------------------------
                                                       2001            2000            2001            2000
                                                    ------------    ------------    ------------    -----------
                                                            Millions of dollars except per share data
<S>                                                  <C>            <C>             <C>             <C>
Revenues
Energy Services Group                                $   2,309        $ 1,736        $   6,554        $ 4,774
Engineering and Construction Group                       1,082          1,288            3,320          3,977
                                                    ------------    ------------    ------------    -----------
    Total revenues                                   $   3,391        $ 3,024        $   9,874        $ 8,751
                                                    ============    ============    ============    ===========

Operating income
Energy Services Group                                $     321        $   228        $     788        $   390
Engineering and Construction Group                          39             46               82            125
General corporate                                          (18)           (26)             (58)           (60)
                                                    ------------    ------------    ------------    -----------
    Total operating income                                 342            248              812            455

Interest expense                                           (34)           (38)            (115)          (104)
Interest income                                              8              6               18             16
Foreign currency losses, net                                (2)             4               (6)            (3)
Other nonoperating, net                                      -             (1)               -             (1)
                                                    ------------    ------------    ------------    -----------
Income from continuing operations before
    income taxes, minority interests, and change
    in accounting method                                   314            219              709            363
Provision for income taxes                                (126)           (84)            (285)          (140)
Minority interest in net income of subsidiaries             (7)            (5)             (14)           (14)
                                                    ------------    ------------    ------------    -----------
Income from continuing operations
    before change in accounting method                     181            130              410            209
Discontinued operations, net
    Income (loss) from discontinued operations              (2)            27              (40)            72
    Gain on disposal of discontinued operations              -              -              299            215
                                                    ------------    ------------    ------------    -----------
    Income from discontinued operations                     (2)            27              259            287
                                                    ------------    ------------    ------------    -----------
Cumulative effect of change in accounting
    method, net                                              -              -                1              -
                                                    ------------    ------------    ------------    -----------
Net income                                           $     179        $   157        $     670        $   496
                                                    ============    ============    ============    ===========

Basic income per share:
Continuing operations                                $    0.42        $  0.29        $    0.96        $  0.47
Discontinued operations, net
    Income (loss) from discontinued operations               -           0.06            (0.09)          0.16
    Gain on disposal of discontinued operations              -              -             0.70           0.49
                                                    ------------    ------------    ------------    -----------
    Income from discontinued operations                      -           0.06             0.61           0.65
                                                    ------------    ------------    ------------    -----------
Net income                                           $    0.42        $  0.35        $    1.57        $  1.12
                                                    ============    ============    ============    ===========

Diluted income per share:
Continuing operations                                $    0.42        $  0.29        $    0.95        $  0.47
Discontinued operations, net
    Income (loss) from discontinued operations               -           0.06            (0.09)          0.16
    Gain on disposal of discontinued operations              -              -             0.70           0.48
                                                    ------------    ------------    ------------    -----------
    Income from discontinued operations                      -           0.06             0.61           0.64
                                                    ------------    ------------    ------------    -----------
Net income                                           $    0.42        $  0.35        $    1.56        $  1.11
                                                    ============    ============    ============    ===========

Basic average common shares outstanding                    428            445              427            444
Diluted average common shares outstanding                  429            451              430            448
</TABLE>



                                Page 9 of 9 Pages
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
