Baker Hughes Announces Conference Call

HOUSTON--(BUSINESS WIRE)--Jan. 15, 2002--Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that it has scheduled a conference call on Thursday, Feb. 14, 2002 at 8:30 a.m. eastern, 7:30 a.m. central. During the conference call, the company intends to discuss results for the fourth quarter of 2001 ending Dec. 31, 2001. The results are expected to be released on Thursday, Feb. 14, 2002, before the market opens.

To access the call, which is open to the public, please call the conference call operator at 712/271-0329, 20 minutes prior to the scheduled start time and ask for the "Baker Hughes Conference Call." A replay will be available through Thursday, Feb. 21, 2002. The number for the replay is 402/220-0265.

The conference call and replay will be Webcast by CCBN. To access the Webcast, go to www.bakerhughes.com/investor and select "News Releases," then click on "Conference Calls." Investors can automatically receive Baker Hughes e-mail alerts when news releases are posted to the company's Internet site. To subscribe, go to www.bakerhughes.com/investor and choose "News Releases" and then "E-Mail Alerts."

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

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