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 21, 1999

                               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






                                Page 1 of 9 Pages
                       The Exhibit Index Appears on Page 4

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 21, 1999 registrant issued a press release entitled Halliburton Reports 1999 Third Quarter Earnings pertaining, among other things, to an announcement that registrant's 1999 third quarter net income was $58 million ($.13 per share diluted) compared to a loss of $527 million ($1.20 per share diluted) in the 1998 third quarter. Registrant's consolidated revenues totaled $3.5 billion in the 1999 third quarter, approximately four percent below 1999's second quarter and 16 percent below the year ago quarter. 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 21, 1999. Page 2 of 9 Pages The Exhibit Index Appears on Page 4

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 22, 1999 By: /s/ Susan S. Keith --------------------------------- Susan S. Keith Vice President and Secretary Page 3 of 9 Pages The Exhibit Index Appears on Page 4

EXHIBIT INDEX Exhibit Sequentially Number Description Numbered Page 20 Press Release of 5 of 9 October 21, 1999 Incorporated by Reference Page 4 of 9 Pages The Exhibit Index Appears on Page 4



FOR IMMEDIATE RELEASE            Contact: Guy T. Marcus
October 21, 1999                          Vice President-Investor Relations
                                          214/978-2691

                 HALLIBURTON REPORTS 1999 THIRD QUARTER EARNINGS

         DALLAS,  Texas -- Halliburton Company (NYSE:HAL) reports today that the
company's  1999  third  quarter  net  income  was $58  million  ($ .13 per share
diluted)  compared to a loss of $527  million  ($1.20 per share  diluted) in the
1998 third  quarter.  The year  earlier  quarter was  impacted by a $722 million
($1.64 per share  diluted)  after- tax special  charge  related to the company's
merger  with  Dresser  Industries,  Inc.  and  other  restructuring  activities.
Halliburton's  consolidated  revenues  totaled  $3.5  billion  in the 1999 third
quarter,  approximately  four percent below 1999's second quarter and 16 percent
below the year ago  quarter.  Reduced  worldwide  spending  by  energy  industry
customers,  which accounted for  approximately 85 percent of Halliburton's  1998
revenues, was the principal factor in reduced revenues and income.
         The Energy Services Group business segment's revenues in the 1999 third
quarter were $1.7 billion, somewhat higher than the 1999 second quarter, and was
about 21 percent lower compared to the year ago quarter.  The Halliburton Energy
Services  business  unit's 1999 third quarter  revenues were four percent higher
than the preceding quarter,  while Landmark Graphics Corporation's revenues were
12 percent higher than the preceding quarter.  These improvements,  particularly
in North America,  indicate that customers are beginning to selectively increase
spending in response  to higher  crude oil and natural gas prices  which are now
increasing cash flows.

                                     -more-

                                Page 5 of 9 Pages
                       The Exhibit Index Appears on Page 4

Halliburton Company page 2 The Energy Services Group's operating income was $56 million in the 1999 third quarter, a 15 percent increase compared to the 1999 second quarter but down from $263 million in the year ago quarter. The Engineering and Construction Group business segment's revenues of $1.3 billion declined eight percent in the 1999 third quarter compared to last year's quarter, and 1999 third quarter operating income of $41 million compares to the year earlier quarter's $54 million. Declines in revenues and operating income were experienced at the Kellogg Brown & Root business unit, but both revenues and operating income improved at the Brown & Root Services business unit primarily due to increased work under contracts to support U.S. Army activity in the Balkans. The Dresser Equipment Group business segment's revenues were $560 million and the operating income was $33 million in the 1999 third quarter. The segment's results were negatively impacted by lower than anticipated financial results at the Dresser-Rand and Ingersoll Dresser Pump joint ventures which contributed approximately $6 million to the segment's operating income for the quarter. Recently Halliburton announced plans to sell its interests in both joint ventures to Ingersoll-Rand Company for cash consideration that will total approximately $1.1 billion. Simultaneous with the closings of these sales, Halliburton will repay the joint ventures approximately $220 million of outstanding advances made to the company. Net of taxes and all related costs, the sales will result in a net cash inflow of approximately $630 million which will be used to repay short-term debt, significantly strengthening Halliburton's balance sheet, and for other general corporate purposes. The transactions are scheduled to be completed on December 30, 1999 and will result in a 1999 fourth quarter after-tax gain of approximately $380 million, or $ .84 per share diluted. Based upon the company's analysis, advice from its independent auditors and consultation with the SEC, Halliburton has concluded that the sale of the joint venture interests will not adversely affect the pooling of interests method of accounting used for the Dresser merger in 1998. -more- Page 6 of 9 Pages The Exhibit Index Appears on Page 4

Halliburton Company page 3 During the 1999 third quarter, Halliburton Company business units were awarded a number of significant new contracts and were recognized for technological performance, including the following: o Halliburton Energy Services was awarded a contract by Elf Exploration Angola to provide sand control and completion services for its deepwater Girassol oil field located offshore Angola. This solidifies Halliburton's leadership in deepwater completions. o Landmark Graphics Corporation signed a major contract with BP Amoco to standardize its drilling, reservoir engineering, geology and geophysics applications utilizing Landmark's extensive integrated and open suite of software applications. o Texaco awarded Halliburton Energy Services a contract to provide completion products, production enhancement and screens for a deepwater project offshore Nigeria. o Halliburton Energy Services has recently won the $35 million Brunei Shell Petroleum sand control project. o Halliburton Energy Services deployed a new, state-of-the-art $35 million vessel (MV Cape Hawk) to Carmen, Mexico to enhance its well stimulation contract with PEMEX. o Sperry Sun and Baroid in conjunction with Diamond Offshore Team Solutions, Inc., participated in the successful drilling of the world's deepest water-depth turnkey well, drilled in more than 7,200 feet of water in the Gulf of Mexico. -more- Page 7 of 9 Pages The Exhibit Index Appears on Page 4

Halliburton Company page 4 o Hart's Oil and Gas World magazine awarded Halliburton Energy Services a Certificate of Achievement for new technology. The award recognized Halliburton Energy Services' success in applying the advanced technology of MRIL to propped fracture treatments. Dick Cheney, Halliburton Company's chief executive officer, said, "Significantly higher crude oil and natural gas prices have lifted customers' cash flows considerably, and they are now beginning to increase spending in certain geographic areas, particularly in North America. I am optimistic that as our customers' year 2000 spending budgets are finalized, we will see further activity increases throughout the world." Cheney continued, "Halliburton's presence in over 120 countries around the world, its leading edge technologies which enable customers to lower costs while improving oil and gas production, and the company's strong engineering and construction backlog position Halliburton well for the expected market growth ahead." 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, Engineering and Construction Group and Dresser Equipment Group business segments. The company's World Wide Web site can be accessed at http://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, 1999 for a more complete discussion of such risk factors. Page 8 of 9 Pages The Exhibit Index Appears on Page 4

HALLIBURTON COMPANY Consolidated Statements of Income (Unaudited) Quarter Ended Nine Months Ended September 30 September 30 --------------------- --------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Millions of dollars except per share data Revenues Energy Services Group $ 1,700 $ 2,163 $ 5,134 $ 6,829 Engineering and Construction Group 1,273 1,380 4,153 4,165 Dresser Equipment Group 560 681 1,840 2,070 --------- --------- --------- --------- Total revenues $ 3,533 $ 4,224 $ 11,127 $ 13,064 ========= ========= ========= ========= Operating income Energy Services Group $ 56 $ 263 $ 162 $ 850 Engineering and Construction Group 41 54 163 187 Dresser Equipment Group 33 71 140 187 Special charges and credits - (945) 47 (945) General corporate (16) (20) (50) (59) --------- --------- --------- --------- Total operating income (loss) 114 (577) 462 220 Interest expense (38) (35) (108) (96) Interest income 32 7 70 21 Foreign currency losses, net (4) (8) (1) (10) Other nonoperating, net (1) 4 (25) 3 --------- --------- --------- --------- Income (loss) before income taxes, minority interests and change in accounting method 103 (609) 398 138 (Provision) benefit for income taxes (40) 97 (153) (184) Minority interest in net income of subsidiaries (5) (15) (23) (35) --------- --------- --------- --------- Income (loss) before accounting change 58 (527) 222 (81) Cumulative effect of change in accounting method, net - - (19) - --------- --------- --------- --------- Net income (loss) $ 58 $ (527) $ 203 $ (81) ========= ========= ========= ========= Basic income (loss) per share: Before change in accounting method $ 0.13 $ (1.20) $ 0.50 $ (0.18) Change in accounting method - - (0.04) - --------- --------- --------- --------- Net income (loss) $ 0.13 $ (1.20) $ 0.46 $ (0.18) ========= ========= ========= ========= Diluted income (loss) per share: Before change in accounting method $ 0.13 $ (1.20) $ 0.50 $ (0.18) Change in accounting method - - (0.04) - --------- --------- --------- --------- Net income (loss) $ 0.13 $ (1.20) $ 0.46 $ (0.18) ========= ========= ========= ========= Basic average common shares outstanding 441 439 440 439 Diluted average common shares outstanding 445 439 443 439 Page 9 of 9 Pages The Exhibit Index Appears on Page 4