Baker Hughes Declares Regular Quarterly Dividend

HOUSTON, Jan. 24 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (BHI: NYSE; EBS) chairman and chief executive officer, Chad C. Deaton, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $0.13 per share of common stock payable February 15, 2008, to holders of record February 4, 2008.

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

Contact:
Baker Hughes Incorporated
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822
P.O. Box 4740
Houston, Texas 77210-4740

SOURCE: Baker Hughes Incorporated

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