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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.
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.
In October, 2019, GE sold a portion of its 62.5% stake in BHGE, reducing its ownership below 50%, and BHGE was rechristened as Baker Hughes Company (NYSE:BKR). [4] Baker Hughes has positioned itself as an energy technology company. [5] Bently Nevada remained a Baker Hughes Business after GE's sale of its interest in the company. As of 2020 ...
General Electric (GE) proceeds with its intended separation from the oil and gas business. It has offered 92 million Baker Hughes shares to public and agreed to sell 65 million shares to Baker Hughes.
GE said its plan will strengthen its balance sheet by reducing debt, building up cash and further shrinking GE Capital. GE to spin off healthcare unit, divest Baker Hughes stake Skip to main content
Baker Hughes and General Electric signed a contract with Iraq's government on Monday to process natural gas extracted alongside crude oil at two fields in southern Iraq, the oil ministry said.
On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). [112] In November 2018, GE reduced its stake in Baker Hughes to 50.4%. [113] On October 18, 2019, GE reduced its stake to 36.8% and the company was renamed back to Baker Hughes. [114]
Today we'll take a closer look at Baker Hughes, a GE company (NYSE:BHGE) from a dividend investor's perspective... Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...