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USD ($)
USD ($) / shares
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<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Nature of Operations</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Baker Hughes Incorporated (“Company,” “we,” “our” or “us”) is engaged in the oilfield services
industry. We are a leading supplier of wellbore-related products and technology services and
systems and provide products and services for drilling, pressure pumping, formation evaluation,
completion and production, and reservoir technology and consulting to the worldwide oil and natural
gas industry. We also provide products and services to the downstream refining, and process and
pipeline industries.
</div>
</div>
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<!-- Begin Block TaggedfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Disclosures about the nature of operations need not be quantified; relative importance could be conveyed by use of terms such as "predominately", "about equally", or "major and other". This element is also referred to as "Business Description".Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 10
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<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Basis of Presentation</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Our unaudited consolidated condensed financial statements included herein have been prepared
in accordance with generally accepted accounting principles in the United States of America
(“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission
(“SEC”) for interim financial information. Accordingly, certain information and disclosures
normally included in our annual financial statements have been condensed or omitted. These
unaudited consolidated condensed financial statements should be read in conjunction with our
audited consolidated financial statements included in our Annual Report on Form 10-K for the year
ended December 31, 2010 (“2010 Annual Report”). We believe the unaudited consolidated condensed
financial statements included herein reflect all adjustments (consisting of normal recurring
adjustments) necessary for a fair presentation of the interim periods. The results of operations
for the interim periods are not necessarily indicative of the results of operations to be expected
for the full year. In the notes to the unaudited consolidated condensed financial statements, all
dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless
otherwise indicated.
</div>
</div>
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