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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.
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]
The firm announced it would acquire Baker Hughes for around $35 billion in cash and stock, creating an oilfield services company that aims to compete with Schlumberger. [47] Prior to the merger of Baker Hughes and Halliburton, Halliburton must divest over $5 billion of its assets according to the regulations created by US competition ...
With its stock down 5.5% over the past three months, it is easy to disregard Baker Hughes (NASDAQ:BKR). To decide if...
Baker Hughes (BKR) closed at $37.49 in the latest trading session, marking a -0.45% move from the prior day.
Wells Fargo analyst Roger Read downgraded Baker Hughes Co (NASDAQ: BKR) from Overweight to Equal-Weight with a $29 price target, down from $32. Read writes that the Energy Services sector is on ...
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