Baker Hughes Company

Baker Hughes, a GE company announced today the closing of a secondary offering of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share by General Electric Company and GE Oil & Gas US Holdings I, Inc., GE Holdings , Inc. and GE Oil & Gas US Holdings IV, Inc. at a price to the public of $21.50 per share. This closing includes the underwriters’ exercise of their option in full, purchasing an [...]

Baker Hughes, a GE company and C3.ai today announced the launch of BHC3 Reliability™, the first artificial intelligence software application developed by the BakerHughesC3.ai joint venture. Unveiled at BHGE’s annual digital conference, UNIFY2019, the now generally available application uses deep learning predictive models, natural language processing, and machine vision to continuously aggregate data from [...]

Baker Hughes, a GE company announced today the pricing of a secondary offering of 115 million shares of BHGE Class A common stock, par value $0.0001 per share by General Electric Company and GE Oil & Gas US Holdings I, Inc., GE Holdings , Inc. and GE Oil & Gas US Holdings IV, Inc. at a price to the public of $21.50 per share. The underwriters will have a 30-day option to purchase up to an additional 17.25 million shares [...]

Baker Hughes, a GE company announced today that General Electric Company and GE Oil & Gas US Holdings I, Inc., GE Holdings , Inc. and GE Oil & Gas US Holdings IV, Inc. has commenced a secondary offering of 105 million shares of BHGE Class A common stock, par value $0.0001 per share . The underwriters will have a 30-day option to purchase up to an additional 15.75 million shares of Class A common stock from the selling [...]

Baker Hughes, a GE company announced today that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July 2019, and up 32 from the 212 counted in August 2018. The average U.S. rig count for August 2019 was 926, down 29 [...]

Baker Hughes, a GE company announced today that it has been awarded a contract and granted notice to proceed on the construction of its comprehensive LNG technology solution for Venture Global LNG’s Calcasieu Pass project. The final notice to proceed follows Venture Global’s Final Investment Decision and Financial Close for Calcasieu Pass and is part of the companies’ previously-announced supply [...]

Baker Hughes, a GE company announced today that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018. The average U.S. rig count for July 2019 was 955, down 14 from the 969 [...]

Baker Hughes, a GE company announced today that the BHGE Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on August 23, 2019 to holders of record on August 13, 2019. The dividend will be funded by a distribution of $.18 per unit from Baker Hughes, a GE company, LLC to all of its members, including GE. About Baker Hughes, a GE company Baker Hughes, a GE company is the [...]

Baker Hughes, a GE company announced results today for the second quarter of 2019. Three Months Ended Variance June 30, 2019 March 31, 2019 June 30, 2018 Sequential Year-over- year Orders $ 6,554 $ 5,693 $ 6,036 15% 9% Revenue 5,994 5,615 5,548 7% 8% Operating income 271 176 78 54% F Adjusted operating income * 361 273 289 32% 25% Net income attributable to BHGE 32 U 52% Adjusted net income attributable to BHGE* 104 76 41 [...]

- Awards follow the completion of a front-end engineering and design competition and tender for the engineering, procurement, construction, installation scope by the companies - Scope includes subsea umbilicals, risers and flowlines and subsea production systems solutions for an expansion of the existing subsea facilities - Offshore installation of the URF and SPS equipment will commence in 2020 and be completed in 2023 [...]