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BJ Services Announces Declaration of Dividend

    HOUSTON, Dec. 9 /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 $.08 per share, payable
January 14, 2005 to shareholders of record at the close of business on
December 20, 2004.

    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, reduction in demand for our
services and products, risks from operating hazards such as fire, 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:
    Trey Whichard of BJ Services Company,
    +1-713-462-4239