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BJ Services Announces Declaration of Dividend

    HOUSTON, Jan. 31 /PRNewswire-FirstCall/ -- BJ Services Company
(NYSE: BJS; PCX; CBOE) announced today that its Board of Directors has
approved a quarterly cash dividend in the amount of $.05 per share, payable
April 13, 2006 to shareholders of record at the close of business on March 15,
2006.

    This press release contains forward-looking statements.  These forward-
looking statements anticipate future performance such as the Company's
prospects, expected revenues, and expenses and profits.  These forward-looking
statements are based on assumptions that may prove to be inaccurate, and they
are subject to risks and uncertainties that may cause actual results to differ
materially from expected results.  These risk factors include, without
limitation, general global business and economic conditions, drilling activity
and rig count, pricing volatility for oil and gas, explosion and oil spills,
unexpected litigation for which insurance and customer agreements do not
provide complete protection, changes in exchange rates and declines in the
U.S. dollar, and risks associated with our international operations, including
potential instability and hostilities.  This list of risk factors is not
intended to be comprehensive.  More extensive information concerning risk
factors may be found in the Company's public filings with the Securities and
Exchange Commission.

    BJ Services Company is a leading provider of pressure pumping and other
oilfield services to the petroleum industry.

             (NOT INTENDED FOR DISTRIBUTION TO BENEFICIAL OWNERS)


SOURCE BJ Services Company




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Related links:
  • http://www.bjservices.com
    CONTACT:
    Jeff Smith of BJ Services Company,
    +1-713-462-4239