Microsoft Word 10.0.2627;SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
JANUARY 30, 2002
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 January 30, 2002 registrant issued a press release entitled
"Halliburton's A-/A2 Credit Ratings Reaffirmed by Standard & Poor's".
The following summarizes that press release:
Registrant reported that Standard & Poor's reaffirmed its long-term credit
ratings at A- and its commercial paper rating at A2. At the end of 2001,
registrant had approximately $2.8 billion in working capital and $290 million in
cash. Additionally, registrant has $700 million in undrawn, committed credit
lines. Over the past year, registrant has reduced its total indebtedness from
40% of total capitalization, to approximately 24%.
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 January 30, 2002.
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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: January 31, 2002 By: /s/ Susan S. Keith
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Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Description
20 Press Release Dated January 30, 2002
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT:Cedric Burgher
January 30, 2002 Vice President, Investor Relations
713-676-4608
Wendy Hall
Director, Media Relations
713-676-5227
HALLIBURTON'S A-/A2 CREDIT RATINGS REAFFIRMED BY STANDARD & POOR'S
Dallas, Texas - Halliburton Company (NYSE:HAL) reported today that Standard
& Poor's reaffirmed the company's long-term credit ratings at A- and its
commercial paper rating at A2.
"Standard & Poor's decision to maintain our ratings at these high
investment grade levels reflects our leading global market position and our
healthy balance sheet," said Dave Lesar, chairman, president and CEO,
Halliburton. "With considerable liquidity and strong cash flow, we have
tremendous flexibility to execute our business plan and our strategy for
sustained, long-term growth and profitability. I believe that the Standard &
Poor's rating supports this assertion."
At the end of 2001, the company had approximately $2.8 billion in working
capital and $290 million in cash. The company's cash position today is about
$600 million. Additionally, Halliburton has $700 million in undrawn, committed
credit lines. Over the past year, Halliburton has reduced its total indebtedness
from 40% of total capitalization, to approximately 24%.
Halliburton, founded in 1919, is one of the world's largest providers 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 and Engineering and Construction Group business segments. The
company's World Wide Web site can be accessed at http://www.halliburton.com.
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