Baker Hughes Declares Regular Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--July 26, 2000--Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) President, Chairman and Chief Executive Officer Joe B. Foster, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $.115 per share of common stock payable Aug. 25, 2000, to holders of record August 7, 2000.

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry.

NOT INTENDED FOR BENEFICIAL HOLDERS.

CONTACT: Baker Hughes, Houston

             Gary R. Flaharty, 713/439-8039
             gary.flaharty@bakerhughes.com
             www.bakerhughes.com