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)

                         NOVEMBER 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







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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 November 21, 1994, the registrant issued a press release entitled
Definitive Agreement to Sell Halliburton Industrial Services Business Unit
pertaining, among other things, to an announcement that registrant's
subsidiary, Brown & Root Industrial Services, Inc., has entered into a
definitive agreement with HydroChem Industrial Services, Inc. for the sale
of such subsidiary's Halliburton Industrial Services business unit for an
undisclosed amount.

     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 November 21, 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:     November 22, 1994             By: _______________________
                                   Robert M. Kennedy
                                   Vice President - Legal




























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                        EXHIBIT INDEX



Exhibit                                 Sequentially
Number              Description              Numbered Page

    20                   Press Release of
                    November 21, 1994        5 of 6
                    Incorporated by Reference
































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 5

FOR IMMEDIATE RELEASE         Contact -  Guy T. Marcus
November 21, 1994                     Vice President-Inv. Rel.
                                                (214) 978-2691

            DEFINITIVE AGREEMENT TO SELL HALLIBURTON
               INDUSTRIAL SERVICES BUSINESS UNIT

     DALLAS, Texas -- Halliburton Company (NYSE: HAL) today
announced that its subsidiary, Brown & Root Industrial Services,
Inc., has entered into a definitive agreement with HydroChem
Industrial Services, Inc. for the sale of such subsidiary's
Halliburton Industrial Services business unit for an undisclosed
amount. The closing of the sale, which is subject to receipt of
certain regulatory approvals, is expected to be completed by the
end of 1994.

     The Halliburton Industrial Services business unit provides
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 is consistent with
other recently initiated actions to sell peripheral businesses
and to refocus resources on Halliburton's core energy services
and engineering and construction activities."

 6

     HydroChem Industrial Services, Inc., headquartered in
Houston, Texas, is a privately held international company which,
through its predecessors, has been engaged in the industrial
cleaning business for nearly 60 years.

     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.