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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.
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.
Halliburton Company is an American multinational corporation and the world's second-largest oil service company which is responsible for most of the world's fracking operations. [6] It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries.
Baker Hughes (NYS: BHI) carries $7.4 billion of goodwill and other intangibles on its balance sheet. ... Investors punished the stock along the way, sending it down to $27.04 -- or nearly a 60% ...
Investing in stocks inevitably means buying into some companies that perform poorly. But the long term shareholders of...
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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]
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