Baker Hughes Declares Regular Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--Jan. 24, 2001--Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) President, Chairman and Chief Executive Officer, Michael E. Wiley, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $.115 per share of common stock payable Feb. 23, 2001, to holders of record Feb. 5, 2001.

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS.

--30--BMD/ho*

CONTACT: Baker Hughes Incorporated
Gary R. Flaharty, 713/439-8039
gary.flaharty@bakerhughes.com
or
Kyle J. Leak, 713/439-8042
Kyle.leak@bakerhughes.com