<SUBMISSION>
<ACCESSION-NUMBER>0000950129-05-001794
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20050228
<ITEMS>1.01
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20050301
<DATE-OF-FILING-DATE-CHANGE>20050228
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BAKER HUGHES INC
<CIK>0000808362
<ASSIGNED-SIC>3533
<IRS-NUMBER>760207995
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09397
<FILM-NUMBER>05647834
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3900 ESSEX LANE
<CITY>HOUSTON
<STATE>TX
<ZIP>77027
<PHONE>7134398600
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3900 ESSEX LAND
<CITY>HOUSTON
<STATE>TX
<ZIP>77210
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>h22947e8vk.htm
<DESCRIPTION>BAKER HUGHES INC.- FEBRUARY 28, 2005
<TEXT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 12pt"><B>CURRENT REPORT</B>


<P align="center" style="font-size: 10pt"><B>Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act of 1934<BR>
Date of Report </B>(Date of earliest event reported):
<B>March&nbsp;1, 2005 (February&nbsp;28, 2005)</B>


<P align="center" style="font-size: 24pt"><B>Baker Hughes Incorporated</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="30%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-9397</B><BR>
(Commission File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>76-0207995</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>3900 Essex Lane, Houston, Texas</B><BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77027</B><BR>
(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>Registrant&#146;s telephone number, including area code: (713)&nbsp;439-8600</B>


<P>
<DIV align="center" style="font-size: 10pt">
<HR noshade width="26%" align="center" size="1" color="#000000">
(former name or former address, if changed since last report)
</DIV>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions:



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<TR valign="top">
    <TD nowrap><FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
</TABLE>


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    <TD width="99%"></TD>
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<TR valign="top">
    <TD nowrap><FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
</TABLE>


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    <TD width="99%"></TD>
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<TR valign="top">
    <TD nowrap><FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>
</TABLE>


<P>
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    <TD width="99%"></TD>
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<TR valign="top">
    <TD nowrap><FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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</TR>
<TR><TD colspan="9"><A HREF="#000">Item&nbsp;1.01 Entry into a Material Definitive Agreement.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">Item&nbsp;9.01 Financial Statements and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="h22947exv99w1.htm">News Release</A></TD></TR>
</TABLE>
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<!-- link1 "Item&nbsp;1.01 Entry into a Material Definitive Agreement." -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>

<P align="left" style="font-size: 10pt">On February&nbsp;28, 2005, Baker Hughes Incorporated (the &#147;Company&#148;) entered into an Indemnification
Agreement and a Change in Control Severance Agreement, each effective February&nbsp;28, 2005, with the
following:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Chris P. Beaver, the newly appointed Vice President of the Company and President of the
Company&#146;s Baker Oil Tools division,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Paul S. Butero, the newly appointed Vice President of the Company and President of the
Company&#146;s Hughes Christensen division, and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Martin S. Craighead, the newly appointed Vice President of the Company and President of
the Company&#146;s Baker Atlas division.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">On February&nbsp;28, 2005, the Company entered into an Indemnification Agreement with each of Messrs.
Beaver, Butero and Craighead, which requires the Company to indemnify Messrs.&nbsp;Beaver, Butero and
Craighead against certain liabilities that may arise by reason of their status or service as a Vice
President of the Company, to advance their expenses incurred as a result of a proceeding as to
which they may be indemnified and to cover such person under any directors&#146; and officers&#146; liability
insurance policy the Company chooses to maintain. The Indemnification Agreement is intended to
provide indemnification rights to the fullest extent permitted under applicable indemnification
rights statutes in the State of Delaware and shall be in addition to any rights Messrs.
Beaver, Butero and Craighead may have under the Company&#146;s Restated Certificate of Incorporation,
Bylaws and applicable law.


<P align="left" style="font-size: 10pt">The Company and Messrs.&nbsp;Beaver, Butero and Craighead have each entered into a Change in Control
Severance Agreement effective as of February&nbsp;28, 2005. The Change in Control Severance Agreement
defines the benefits Messrs.&nbsp;Beaver, Butero and Craighead would receive in connection with certain
change in control, or a potential change in control, events coupled with their loss of employment.
If eligible, Messrs.&nbsp;Beaver, Butero and Craighead would receive certain benefits, including a lump
sum payment based on three times a salary and bonus formula, continuation of health and insurance
benefits for 36&nbsp;months, a payment for incentive and benefit plans participation and a gross-up
payment in respect of excise taxes.


<P align="left" style="font-size: 10pt">The foregoing descriptions of the Indemnification Agreement and the Change in Control Agreement do
not purport to be complete and are qualified in their entirety by reference to the applicable
agreements, forms of which agreements were filed as exhibits to the Company&#146;s Form 10-K for the
year ended December&nbsp;31, 2003 and Form&nbsp;10-Q for the quarter
ended September&nbsp;30, 2004, respectively.


<P align="left" style="font-size: 10pt">Effective February&nbsp;28,
2005, Mr.&nbsp;Trevor M. Burgess, Vice President of the Company and President of the Company&#146;s Hughes Christensen
division, left the Company.





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">On February&nbsp;28, 2005, Mr.&nbsp;David H. Barr was appointed Group President, Drilling and Evaluations of
the Company. He also is a Vice President of the Company. Mr.&nbsp;Barr previously was President of
the Company&#146;s Baker Atlas division.


<P align="left" style="font-size: 10pt">On February&nbsp;28, 2005, Mr.&nbsp;Douglas J. Wall was appointed Group President, Completions and Production
of the Company. He also is a Vice President of the Company.
Mr.&nbsp;Wall previously was President of the
Company&#146;s Baker Oil Tools division.

<P align="left" style="font-size: 10pt">Messrs.&nbsp;Barr and Wall will each report directly to James R. Clark, President and Chief Operating
Officer of the Company.

<P align="left" style="font-size: 10pt">Effective February&nbsp;28, 2005, Messrs.&nbsp;Barr and Wall each received a 16,000 share restricted stock
award of Company Common Stock under Restricted Stock Award Agreements (&#147;RSA&#148;)
pursuant to the Company&#146;s 2002 Director &#038; Officer Long-Term
Incentive Plan. Under the RSA,
restricted shares of the Company&#146;s Common Stock are issued, with vesting occurring one-fourth on
each of February&nbsp;28, 2007 and 2008 and the remaining one-half on February&nbsp;28, 2009, subject to the
officer&#146;s continued employment with the Company. The RSA recipient is entitled to receive
dividends on and vote the restricted shares of Common Stock prior to vesting.


<P align="left" style="font-size: 10pt">The foregoing description of the RSA does not purport to be complete and is qualified in its
entirety by reference to the Award Agreement, which will be filed as an exhibit to the Company&#146;s
Form 10-Q for the quarter ended March&nbsp;31, 2005.


<!-- link1 "Item&nbsp;7.01 Regulation&nbsp;FD Disclosure." -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</B>

<P align="left" style="font-size: 10pt">On February&nbsp;28, 2005, the Company issued a news release announcing the organizational appointments
effective as of February&nbsp;28, 2005. A copy of the news release is being furnished with this Form
8-K as Exhibit&nbsp;99.1 and incorporated into this Item&nbsp;7.01 by reference.


<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits." -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Exhibits.

<DIV align="center">
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    <TD width="90%">&nbsp;</TD>
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<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release of Baker Hughes Incorporated dated February&nbsp;28, 2005.</DIV></TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


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</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BAKER HUGHES INCORPORATED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Dated:  March 1, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Sandra E. Alford
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Sandra E. Alford&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
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<DIV align="left"><A NAME="004"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD width="3%">&nbsp;</TD>
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    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release dated February&nbsp;28, 2005.</DIV></TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>h22947exv99w1.htm
<DESCRIPTION>NEWS RELEASE
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<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.1



<P align="right" style="font-size: 10pt"><IMG src="h22947bakerhughes.gif" alt="(BAKER HUGES INCORPORATED LOGO)">


<P align="left" style="font-size: 14pt">News Release


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
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    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">Contact:<BR>
Gary R. Flaharty (713)&nbsp;439-8039<BR>
H. Gene Shiels (713)&nbsp;439-8822
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Baker Hughes Incorporated<BR>
P.O. Box 4740<BR>
Houston, Texas 77210-4740</TD>
</TR>
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</TABLE>
</DIV>

<P align="left" style="font-size: 12pt"><B>Baker Hughes Announces Organizational Changes</B>


<P align="left" style="font-size: 10pt">HOUSTON, Texas &#151; February&nbsp;28, 2005. Baker Hughes Incorporated (BHI &#151; NYSE) announced today
that David H. Barr has been appointed Group President, Drilling and Evaluation and Douglas J. Wall
has been appointed Group President, Completions and Production. Both Mr.&nbsp;Barr and Mr.&nbsp;Wall will
report directly to James R. &#147;Rod&#148; Clark, Baker Hughes&#146; President and Chief Operating Officer. The
promotions are effective February&nbsp;28, 2005.


<P align="left" style="font-size: 10pt">The new Drilling and Evaluation Group includes the Baker Atlas, Baker Hughes Drilling Fluids,
Hughes Christensen and INTEQ divisions. Martin S. Craighead has been appointed President of Baker
Atlas filling the position opened by the promotion of Mr.&nbsp;Barr. Paul S. Butero has been appointed
President of Hughes Christensen succeeding Trevor M. Burgess who has left the company.


<P align="left" style="font-size: 10pt">The new Completions and Production Group consists of the Baker Oil Tools, Baker Petrolite, and
Centrilift divisions. Chris P. Beaver has been appointed President of Baker Oil Tools filling the
position opened by the promotion of Mr.&nbsp;Wall.


<P align="left" style="font-size: 10pt">James R. &#147;Rod&#148; Clark, Baker Hughes President and Chief Operating Officer, said, &#147;Both David Barr
and Doug Wall bring strong business, operational, and leadership skills to their new positions. By
creating two groups, we recognize that each group is facing distinct challenges and opportunities
best addressed with focused strategies, technologies, and capital.&#148;


<P align="left" style="font-size: 10pt">Mr.&nbsp;Clark added, &#147;Within the groups, the divisions will sharpen their focus on customer
relationships, develop best-in-class technologies, and deliver flawless execution at the
manufacturing and operational level. The new organization will provide growth opportunities for
many individuals as we strengthen our regional presence and capabilities. I am excited that we
have been able to promote managers such as Chris Beaver, Paul Butero, and Martin Craighead who have
provided excellent leadership to Baker Hughes while promoting our Core Values.&#148;


<P align="left" style="font-size: 10pt">Chad C. Deaton, Baker Hughes Chairman and Chief Executive Officer, said, &#147;The organizational
structure announced today supports the implementation of our long-

<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">term strategy. We are strengthening our best-in-class product-line focus while we move closer to
our global customers &#151; particularly the national oil companies &#151;  and work to improve overall
enterprise efficiency.&#148;


<P align="left" style="font-size: 10pt"><B><I>Biographies</I></B>


<P align="left" style="font-size: 10pt">David H. Barr, 55, was named Group President, Drilling and Evaluation in 2005 after serving
since 2000 as President of Baker Atlas. Previously, he was Vice President, Supply Chain Management
for Cameron division of Cooper Cameron Corporation, where he served for one year. Mr.&nbsp;Barr began
his career with Hughes Tool Company in 1972 after completing his Bachelor of Science degree in
mechanical engineering at Texas Tech University. His career with Baker Hughes spans 33&nbsp;years in
various manufacturing, marketing, engineering, and product management functions. Most of his
tenure has been with the Hughes Tool and Hughes Christensen divisions, and he was the original
architect and executive manager of Project Renaissance.


<P align="left" style="font-size: 10pt">Douglas J. Wall, 52, was named Group President, Completions and Production in 2005. He has served
as President of Baker Oil Tools since 2003. Prior to 2003 Mr.&nbsp;Wall served as President of Hughes
Christensen, a position he held since joining Baker Hughes in 1997. Previously, he was President
of Western Rock Bit, then Hughes Christensen&#146;s distributor in Canada. Over a 20-year period, Mr.
Wall held a variety of senior executive positions with oilfield services companies in Canada. He
earned a bachelor&#146;s degree from the University of Calgary and a Master of Business Administration
degree from the University of Alberta.


<P align="left" style="font-size: 10pt">Chris P. Beaver, 47, was named President of Baker Oil Tools in 2005. Prior to this appointment Mr.
Beaver served as Vice President of Finance for Baker Petrolite a position he has held since 2002.
Since joining Baker Hughes in 1985, Mr.&nbsp;Beaver has held numerous financial and accounting positions
at INTEQ and Hughes Christensen in the United States and Eastern Hemisphere. He is a member of the
Institute of Chartered Accounts of Scotland and earned a bachelor&#146;s degree in Economics and
Accounting from the University of Newcastle and a Master of Business Administration degree from
Aberdeen University.


<P align="left" style="font-size: 10pt">Paul S. Butero, 48, was named President of Hughes Christensen in 2005. Mr.&nbsp;Butero joined Baker
Hughes in 1981 and has served 24&nbsp;years in a number of operations roles in the United States and the
Eastern Hemisphere before becoming Vice President of Marketing for Hughes Christensen in 2000. He
earned a Bachelor of Science degree from the University of Colorado-Boulder.


<P align="left" style="font-size: 10pt">Martin S. Craighead, 45, was named President of Baker Atlas in 2005. He has served as Vice
President of Worldwide Operations for Baker Atlas since 2003. He joined the company in 1986 and
has served Western Atlas and Baker Atlas in a number of operational positions including assignments
in Canada, Latin America, and Asia. Before he joined Baker Hughes, he was employed as a Research
Engineer at BJ Services. He earned a Bachelor of Science degree from Pennsylvania State University
in Petroleum and Natural Gas Engineering and a Master of Business Administration from Vanderbilt
University.


<P align="left" style="font-size: 10pt"><B><I>Forward Looking Statements</I></B>


<P align="left" style="font-size: 10pt">This news release (and any oral statements) may contain forward-looking statements with in the
meaning of Section&nbsp;27A or the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities
and Exchange Act of 1934, as amended. Additional information and risk factors are

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">contained in our Form 10-K for the fiscal year ended December&nbsp;31, 2003 and other filings with the
SEC about the risks and uncertainties that could cause actual results to be different. The
company&#146;s SEC filings can be viewed at http://www.Bakerhughes.com. The company assumes no
responsibility to update any of the information referenced in this news release.



<P align="center" style="font-size: 10pt">Baker Hughes is a leading provider of drilling, formation evaluation, completion and<BR>
production products and services to the worldwide oil and gas industry.


<P align="center" style="font-size: 10pt">****



<P align="center" style="font-size: 10pt">NOT INTENDED FOR BENEFICIAL HOLDERS




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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