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 11, 1994

                         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. 73-0271280

                         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 11, 1994, the registrant issued a press
release entitled Halliburton Business Unit To Be Sold
pertaining, among other things, to an announcement
that the registrant has retained the services of an
investment banker to assist in the sale of its
Halliburton Industrial Services business.

     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 11,
          1994.


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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:     July 12, 1994       By:(Robert M. Kennedy)
                                  Robert M. Kennedy
                                  Vice President - Legal

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                        EXHIBIT INDEX



Exhibit                                         Sequentially
Number              Description                 Numbered Page


20                  Press Release of
                    July 11, 1994               5 of 5
                    Incorporated by Reference




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 5

FOR IMMEDIATE RELEASE              Contact Guy T. Marcus
July 11, 1994                              V.P.-Inv. Rel.
                                           (214) 978-2691

           HALLIBURTON BUSINESS UNIT TO BE SOLD

     DALLAS, Texas -- Halliburton Company today announced that it
has engaged the services of Morgan Stanley & Company to assist in
the sale of its Halliburton Industrial Services business.

     Halliburton Industrial Services is a market leader in
providing chemical cleaning, hydrojetting and vacuum removal
services to the petrochemical and refining, pulp and paper, and
power industries throughout the United States.  The business had
revenues of approximately $45 million in 1993.

     Thomas H. Cruikshank, chairman of the board and chief
executive officer of Halliburton Company, said, "The sale of the
Halliburton Industrial Services business unit will contribute to
further concentration of management focus on the company's core
energy services and engineering and construction business
activities."

     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, and property and
casualty insurance services.

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