Baker Hughes Declares Regular Quarterly Dividend

HOUSTON, Jan. 27 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) chairman and chief executive officer, Chad C. Deaton, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $.115 per share of common stock payable February 18, 2005, to holders of record February 7, 2005.

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

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                     NOT INTENDED FOR BENEFICIAL HOLDERS.

     Contact:
     Gary R. Flaharty (713) 439-8039
     H. Gene Shiels (713) 439-8822
SOURCE  Baker Hughes Incorporated
    -0-                             01/27/2005
    /CONTACT:  Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated/
    /Web site:  http://www.bakerhughes.com /
    (BHI)

CO:  Baker Hughes Incorporated
ST:  Texas
IN:  OIL
SU:  DIV

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0643 01/27/2005 13:14 EST http://www.prnewswire.com