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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.
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 ...
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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% ...
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 ...
Wellstream Holdings plc was a British company which designed and manufactured flexible pipeline systems for the oil and gas industry. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index before being acquired by General Electric in February 2011, then later sold off as part of Baker Hughes Company.
With its stock down 5.5% over the past three months, it is easy to disregard Baker Hughes (NASDAQ:BKR). To decide if...