Exhibit 23.1

                          Independent Auditors' Consent


The Board of Directors
Halliburton Company:


We consent to the incorporation by reference in the registration statement (Nos.
33-65772,  333-32731, and 33-74408) on Form S-3 and registration statement (Nos.
33-54881,  333-40717,  333-37533,  333-13475,  333-65373,  333-55747,  33-83223,
333-45518,  333-73046,  33-76496,  333-91058,  and  333-86080)  on  Form  S-8 of
Halliburton  Company of our reports  dated March 13,  2003,  with respect to the
consolidated  balance sheet of  Halliburton  Company as of December 31, 2002 and
the related  consolidated  statements of operations,  shareholders'  equity, and
cash  flows for the year  ended  December  31,  2002 and all  related  financial
statement schedules, which reports appear in the December 31, 2002 annual report
on Form 10-K of Halliburton Company.

Our  reports  refer  to our  audit  of the  adjustments  that  were  applied  to
Halliburton   Company's   reportable  segments  to  revise  the  2001  and  2000
consolidated  financial  statements,  as more fully  described  in Note 4 to the
consolidated  financial statements,  as well as to our audit of the revisions to
include  the  transitional   disclosures  required  by  Statement  of  Financial
Accounting  Standards No. 142,  Goodwill and Other  Intangible  Assets,  as more
fully described in Note 22 to the consolidated financial statements. However, we
were not engaged to audit,  review, or apply any procedures to the 2001 and 2000
consolidated financial statements other than with respect to such adjustments.



                                                /s/ KPMG LLP
                                                ------------
                                                    KPMG LLP




Houston, Texas
March 26, 2003