EXHIBIT 12.1

HALLIBURTON COMPANY

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(Millions of dollars, except ratios)

	Year Ended December 31
	2010		2009		2008		2007		2006
Earnings available for fixed charges:
Income from continuing operations before
income taxes and noncontrolling interest	$	2,655	$	1,682	$	3,849	$	3,447	$	3,186
Add:
Distributed earnings from equity in
unconsolidated affiliates		13		17		30		43		28
Fixed charges		402		361		232		222		238
Subtotal		3,070		2,060		4,111		3,712		3,452
Less:
Equity in earnings of
unconsolidated affiliates		20		16		50		57		65
Total earnings available for fixed charges	$	3,050	$	2,044	$	4,061	$	3,655	$	3,387
Fixed charges:
Interest expense	$	308	$	297	$	167	$	168	$	179
Rental expense representative of interest		94		64		65		54		59
Total fixed charges	$	402	$	361	$	232	$	222	$	238
Ratio of earnings to fixed charges		7.6		5.7		17.5		16.5		14.2