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Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK.As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications.
Baker Hughes posted an adjusted profit of 70 cents per share for the three months ended Dec. 31, compared with analysts' average expectation of 63 cents, according to estimates compiled by LSEG.
On November 17, 2014, Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction valued at $34.6 billion. A press release made available on the former's website, as at December 11, 2014 detailed the ...
BJ Services in 2017 began operating as an independent joint venture after Baker Hughes sold a 53.3 percent stake in the hydraulic fracturing and cementing business to private equity firm CSL Capital Management and Goldman Sachs’ West Street Energy Partners for $325 million. [6] On 20 July 2020, BJ Services filed Chapter 11 bankruptcy. [7]
Baker Hughes has an intangible assets ratio of 31%. This is above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth.
In May 2017, GE Oil & Gas was combined with Baker Hughes Incorporated to create Baker Hughes, a GE company (BHGE), a new tier-1 business inside the parent group. In June 2017, GE Energy Connections merged again with GE Power & Water, to become the present GE Power. The new combined business unit is led by Scott Strazik. [15]
WASHINGTON (Reuters) -U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month ...
Western Atlas was an oilfield services company formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. [1] The resulting company was a joint venture of Litton and Dresser Industries until it was spun off as a publicly traded company in 1994.