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)
FEBRUARY 2, 2000
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 February 2, 2000 registrant issued a press release entitled
"Halliburton Completes Sale of Joint Venture," pertaining to, among other
things, the announcement that registrant's subsidiary, Dresser Industries, Inc.,
has completed the sale of its 51 percent joint venture interest in Dresser-Rand
Company (DR) to a subsidiary of its joint venture partner, Ingersoll-Rand
Company, for a price of $579 million. Proceeds from the sale, net of
intercompany amounts payable by Dresser to DR, were $536 million, resulting in
an after-tax extraordinary gain of approximately $220 million, or $.50 per
diluted share, in the first quarter of 2000.
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 February 2, 2000.
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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: February 4, 2000 By: /s/ John M. Allen
-------------------------------
John M. Allen
Assistant Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 5
February 2, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
February 2, 2000 Vice President-Investor Relations
214/978-2691
HALLIBURTON COMPLETES SALE OF JOINT VENTURE
DALLAS, Texas -- Halliburton Company (NYSE:HAL) announced today that
its subsidiary, Dresser Industries, Inc. (Dresser), has completed the sale of
its 51 percent joint venture interest in Dresser-Rand Company (DR) to a
subsidiary of its joint venture partner, Ingersoll-Rand Company, for a price of
$579 million. The proceeds from the sale, net of intercompany amounts payable by
Dresser to DR, were $536 million. The sale results in an after-tax extraordinary
gain of approximately $220 million, or $ .50 per diluted share, in the first
quarter of 2000.
On December 30, 1999, Halliburton completed the sale of a 49 percent
interest in Ingersoll-Dresser Pump Company (IDP) to Ingersoll-Rand.
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.
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