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)


                                  JULY 31, 1997


                               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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         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 July 31, 1997,  registrant  issued a press release  entitled Brown
& Root to Sell Environmental Services Business pertaining,  among other
things, to an announcement  that registrant's  Brown & Root, Inc.  subsidiary
plans to sell its environmental services business, NUS Environmental.
         The foregoing  summary is subject to the full text of the press
release with respect  thereto,  a copy of which is attached  hereto as Exhibit
20, which exhibit is incorporated herein by reference.
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 July 31, 1997.
                                    
                                    
                                    
                                    
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                               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: August 1, 1997                        By:  /s/ Susan S. Keith
                                               -----------------------------
                                                  Susan S. Keith
                                                  Vice President, Secretary
                                                  and Corporate Counsel
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  

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                              EXHIBIT INDEX

                                    

Exhibit
Sequentially
Number                       Description                         Numbered
Page

  20                         Press Release of
                             July 31, 1997                           5 of 5


                             Incorporated by Reference


                             


                             


                             


                             


                             


                             


                             


                             


                             



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FOR IMMEDIATE RELEASE         Contact-Guy T. Marcus       Barbara
Johnson
                              VP-Inv. Rel.                Media Rel.
                              (214) 978-2691              (713) 676-
                              8097
                              
                              
              BROWN & ROOT TO SELL ENVIRONMENTAL SERVICES BUSINESS
     DALLAS,  Texas -- Halliburton  Company (NYSE:HAL)  announced today that
its Brown & Root, Inc. subsidiary plans to sell its environmental services
business, NUS  Environmental.  NUS  Environmental  provides  a wide  range of
consulting, engineering and design services to federal,  state and local
governments as well as  to  industrial   clients,   primarily  in  the  United
States.   While  NUS Environmental has been profitable,  Brown & Root is
selling the business because it does not fit its current core  business
strategy.  A  substantial  amount of consolidation  has been  taking  place
in the  environmental  industry  and NUS Environmental's  business  will
provide  an  excellent  fit  for  some  of  the industry's  participants.
Brown & Root has engaged  Dillon,  Read & Co. Inc. to assist in the sale.
     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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