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HALLIBURTON ANNOUNCES ADDITIONAL RESTRUCTURING ACTIONS

 HALLIBURTON ANNOUNCES ADDITIONAL RESTRUCTURING ACTIONS
 DALLAS, Nov. 11 /PRNewswire/ -- Halliburton Company (NYSE: HAL)


announced today that it plans additional restructuring actions within its Energy Services Group and Engineering and Construction Group during the 1992 fourth quarter. Such actions will enable Halliburton to market its services and products in a more cost effective manner, as well as to be better positioned to meet the changing needs of its customers throughout the world.
 Thomas H. Cruikshank, chairman of the board and chief executive officer of Halliburton Company, said, "Substantially changed markets for the company's services and products in 1991 and 1992 make it prudent and appropriate for the company to implement an additional array of restructuring initiatives during the 1992 fourth quarter. Although we continue to study such alternatives and the plans will not be finalized until near year-end, it is anticipated that Halliburton will record a pretax special charge of between $175 million and $200 million in the 1992 fourth quarter for such actions."
 The Energy Services Group special charges are expected to represent about two-thirds of the total special charges recorded during the quarter. More than one-half of the Group's charges will relate to reorganization and restructuring of excess capacity relating to manufacturing, field services and office facilities, principally resulting from actions taken to downsize United States business operations. Downsizing since mid-1991 has reduced the Group's U.S. employment by about 5,000 persons, or about 25 percent of its workforce, to better match with customer demands. The initiatives in the 1992 fourth quarter, with a large focus on manufacturing operations, are designed to complete this downsizing effort.
 The Engineering and Construction Group will record special charges relating to selected changes of strategic business direction, the downsizing of operations in markets with diminished future opportunities, and recognition of costs expected for consolidation of certain Halliburton NUS Environmental Corporation functions with related activities of Brown & Root, Inc.
 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.
 -0- 11/11/92
 /CONTACT: Guy T. Marcus, vice president-investor relations of Halliburton, 214-978-2691/
 (HAL) CO: Halliburton Company ST: Texas IN: OIL SU: RCN


WB -- NY047 -- 9757 11/11/92 13:04 EST
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Date:Nov 11, 1992
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