Baker Hughes Declares Regular Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--July 25, 2001--Baker Hughes Incorporated (NYSE:BHI)(PSE:BHI)(EBS:BHI) Chairman, President 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 Aug. 24, 2001, to holders of record Aug. 6, 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--HS/ho*

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