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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.
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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]
In 1989, Bird Machine Company was acquired by Baker Hughes, Incorporated, a diversified oil field services company based in Houston, Texas. In 1996, Ketema Process Equipment Company of Santee, California was purchased by Baker Hughes and merged into Bird Machine Company. The acquisition of Ketema provided Bird with an entrée into the ...
Baker Hughes has an intangible assets ratio of 32%. This is well above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth.