HALLIBURTON CO — Director's Dealing 2004

Nov 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLIBURTON CO (HAL)
CIK: 0000045012
Period of Report: 2004-10-28

Reporting Person: Burgher Cedric W (Former Officer-VP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-28	Common Stock	M	1667	$23.65	Acquired	11167	Direct
2004-10-28	Common Stock	S	1667	$36.62	Disposed	9500	Direct
2004-10-28	Common Stock	S	350	$36.25	Disposed	9150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-28	Option to Buy Common Stock	$23.65	M	1667	Disposed	2013-06-09	Common Stock (5000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$12.93	2011-12-19	Common Stock (3500)	3500	Direct
Option to Buy Common Stock	$28.86	2014-03-16	Common Stock (3490)	3490	Direct

Footnotes

F1: Employee Stock Options to purchase common stock pursuant to the Halliburton Company 1993 Stock and Incentive Plan. Said Plan provides for the surrender of common stock to the Issuer to satisfy withholding tax obligations.

F2: The options granted become exercisable on each of the first, second and third anniversaries of the grant in cumulative increments of one-third each of the number of shares subject to the option.