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Petrolite Corporation was an American manufacturer of chemicals. Founded in 1930 from the merger of the Tret-O-lite Company with the Petroleum Rectifying Company of California (PETRECO), [ 1 ] it was subsequently merged into Baker Hughes Incorporated in 1997.
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.
At one point, known as BJ Services Company, the company operated in more than 50 countries worldwide. BJ Services generated record revenue of $5.4 billion in fiscal 2008, up 13% from the prior year, and had 18,000 employees. [1] On April 28, 2010, the company was bought by Baker Hughes in a $5.5 billion stock and cash deal.
A BBB-accredited company agrees to abide by a set of accreditation standards BBB says are "attributes of a better business." These include honesty in advertising, transparency, and responsiveness ...
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry.In July 2017, this division was merged with Baker Hughes. [1]The division supplied equipment for the petroleum industry including drilling, subsea and offshore, onshore, LNG, distributed gas, oil pipeline and oil storage, oil refinery and petrochemical.
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.