HALLIBURTON COMPANY
 
Medium-Term Notes                                      Pricing Supplement No. 2
Due Nine Months or More                                       Dated May 7, 1997
From Date of Issue, Series A      (To Prospectus dated December 19, 1996 and 
                                  Prospectus Supplement dated January 13, 1997) 
                                                                            

 
                                               
PRINCIPAL AMOUNT    DATE OF ISSUE     MATURITY DATE     INTEREST RATE PER ANNUM
- ----------------    -------------     -------------     -----------------------
$50,000,000          May 12, 1997      May 12, 2017              7.53%

 
Issued at 100% of aggregate principal amount.
Agents' commissions are .750% and proceeds to the Company are 99.250% or
$49,625,000.
Interest payable each February 1 and August 1, commencing August 1, 1997.
Not redeemable prior to maturity.
Initially issued in Book-Entry Note form.
 
  On May 12, 1997, $175,000,000 in aggregate principal amount of Notes,
including the Notes offered hereby, will have been sold and issued.