121109 b of a presentation final

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© 2012 Baker Hughes Incorporated. All Rights Reserved.

© 2012 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION INCLUDED THEREIN IS THE CONFIDENTIAL ANDPROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES (COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL RIGHTS UNDER COPYRIGHT LAWS AND TRADE

SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN WHOLE OR IN PART BY ANY MEANS, ELECTRONIC, MECHANICAL, OR

OTHERWISE, WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF BAKER HUGHES, AND MAY NOT BE USED DIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES’ INTEREST.

13 November, 2012

2012 Global Energy Conference

Andy O’Donnell

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Forward-Looking Statements

Today’s discussion may include “forward-looking statements” within the meaning of Section 27A of the Securities

Act of 1933, Section 21E of the Securities Exchange Act of 1934 and “safe harbor” provisions of the Private

Securities Litigation Reform Act of 1995, including, without limitation, the expectations, beliefs, plans and

objectives of Baker Hughes. Such statements relate to future events and expectations and involve known and

unknown risks and uncertainties. Our actual results or actions may differ materially from those projected in these

forward-looking statements. For a summary of the specific risk factors that could cause results to differ materially

from those expressed in the forward-looking statements, please refer to Baker Hughes’ Annual Report on Form

10-K for the year ended December 31, 2011; Baker Hughes’ subsequent quarterly report on Form 10-Q for the

quarterly periods ended March 31, 2012, June 30, 2012, and September 30, 2012; and those set forth from time to

time in our other filings with the Securities and Exchange Commission (the “SEC”), which are available at the

SEC’s website at www.sec.gov and our website at www.bakerhughes.com/investor .

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date

hereof. We undertake no obligation to publicly update or revise any forward-looking statements.

Reconciliation of Operating and GAAP Results

Reconciliation of non-GAAP results to GAAP results for historic periods can be found on our website at

www.bakerhuhges.com/investor in the Financial Information section under Financial Reports.

2




North America update

3

Shifting from drilling

efficiency to production

enhancement

Changing customer mix

Baker Hughes well

positioned


-

500

1,000

1,500

2,000

2,500

-

1.0

2.0

3.0

4.0

5.0

Q 1 ' 1 0

Q 2 ' 1 0

Q 3 ' 1 0

Q 4 ' 1 0

Q 1 ' 1 1

Q 2 ' 1 1

Q 3 ' 1 1

Q 4 ' 1 1

Q 1 ' 1 2

Q 2 ' 1 2

Q 3 ' 1 2

Q 4 ' 1 2

US Quarterly Wells/Rigs

Wells/Rigs

Active Rigs




US Pressure Pumping update

4

Winning work and growing contract base

Driving efficiencies through 24 hour operations

Leveraging Technology to differentiate the product line





Bi-fuel fleets

5

Reduction of diesel usage up to 60%

Reduces environmental impact

Results in cost savings





CGGVeritas Collaboration

6

Strengthening the core

Combining efforts between two industry leaders

Optimizing development of unconventional resources



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Winning in the Gulf of Mexico

7

Leading provider of Well Construction services

Investing in technologies for tomorrow’s challenges

Fastest growing deepwater market in the world




International update

8

Activity rebounding in Braziland Colombia

Mobilizing in Norway as #1

drilling services provider

Despite short term challenges,

remain committed to Iraq




Positioned for Success

9

North America onshorecontinues to evolve

GOM outlook getting brighter

by the day

Project strong growth in key

international markets


121109 b of a presentation final

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