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 21, 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




                         Page 1 of 5 pages
                The Exhibit Index appears on Page 4
 2
             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 21, 1994, the registrant issued a press
release entitled Halliburton 1994 Third Quarter
Dividend pertaining, among other things, to an
announcement that the registrant's Board of Directors
declared a third quarter dividend of 25 cents per
share on the company's common stock, payable
September 22, 1994 to shareholders of record at the
close of business on September 1, 1994.

     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 21, 1994.




                         Page 2 of 5 pages
                The Exhibit Index appears on Page 4

 3


                          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 22, 1994            By: (Robert M. Kennedy)
                                        Robert M. Kennedy
                                        Vice President - Legal




                          Page 3 of 5 pages
                 The Exhibit Index appears on Page 4
 4

                        EXHIBIT INDEX



Exhibit                                 Sequentially
Number              Description         Numbered Page
  20

                    Press Release of
                    July 21, 1994           5 of 5
                    Incorporated by Reference





                          Page 4 of 5 pages
                 The Exhibit Index appears on Page 4







FOR IMMEDIATE RELEASE              Contact - Guy T. Marcus
July 21, 1994                                VP-Inv. Rel.
                                             (214) 978-2691

             HALLIBURTON 1994 THIRD QUARTER DIVIDEND

     DALLAS, Texas -- Halliburton Company's board of directors
today declared a third quarter dividend of 25 cents a share on
the company's common stock, payable September 22, 1994 to
shareholders of record at the close of business on September 1,
1994.

     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.

                               # # #