Baker Hughes, a GE company announced today the pricing of a secondary offering of 92,000,000 shares of BHGE Class A common stock, par value $0.0001 per share , by General Electric Company at a price to the public of $23.00 per share. The underwriters have a 30-day option to purchase up to an additional 9,200,000 shares of Class A common stock from the selling stockholder . The offering is expected to close on November 16 [...]
Baker Hughes, a GE company announced today that General Electric Company has commenced a secondary offering of 92,000,000 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 9,200,000 shares of Class A common stock from the selling stockholder . BHGE is not offering any shares of Class A common stock in the offering and will not [...]
Baker Hughes, a GE company and General Electric Company jointly announced today the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The Agreements focus on: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005649/en/ Long-term collaboration on critical rotating equipment [...]
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017. The average U.S. rig count for October 2018 was 1,062, up [...]
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 November 30, 2018 to holders of record on November 16, 2018. 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 third quarter of 2018. Three Months Ended Variance September 30, June 30, September 30, Year-over- 2018 2018 2017 Sequential year Orders $ 5,746 $ 6,036 $ 5,745 % —% Revenue 5,665 5,548 5,301 2% 7% Operating income 282 78 F F Adjusted operating income * 377 289 170 30% F Net income attributable to BHGE 13 F F Adjusted net income attributable to BHGE* 78 41 [...]
Baker Hughes, a GE company announced today that it has changed the date of its previously announced third quarter 2018 earnings release and webcast. BHGE will now will hold a webcast on Tuesday, October 30, 2018 to discuss the results for the third quarter ending September 30, 2018. The webcast is scheduled to begin at 9:00 a.m. Eastern Time . A press release announcing the results will be issued at 6:45 a.m. Eastern Time [...]
Abu Dhabi National Oil Company and Baker Hughes, a GE company today signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake in ADNOC Drilling. The transaction values ADNOC Drilling at approximately $11 [...]
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for September 2018 was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted in September 2017. The international offshore rig count for September 2018 was 204, down 8 from the 212 counted in August 2018, and up 14 from the 190 counted in September 2017. The average U.S. rig count for September 2018 was [...]
Baker Hughes, a GE company , McDermott International, Inc. and L&T Hydrocarbon Engineering , a subsidiary of Larsen & Toubro , were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin. The project brings together leading subsea equipment and services from BHGE, McDermott and LTHE to provide ONGC with [...]
Baker Hughes, a GE company will hold a webcast on Thursday, October 25, 2018 to discuss the results for the third quarter ending September 30, 2018. The webcast is scheduled to begin at 9:00 a.m. Eastern Time . A press release announcing the results will be issued at 6:45 a.m. Eastern Time . To access the webcast, listeners should visit the BHGE website at: investors.bhge.com. An archived version of the webcast will be [...]
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was 212, down 5 from the 217 counted in July 2018, and up 11 from the 201 counted in August 2017. The average U.S. rig count for August 2018 was unchanged at 1,050 [...]
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