Baker Hughes Company

Baker Hughes Inc. (NYSE:BHI), CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today that they have completed their pending transaction to create the new BJ Services, a pure-play North American land pressure pumping company providing hydraulic fracturing and cementing services. The transaction agreement, which was announced on Nov [...]

Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015. The average U.S. rig count for November 2016 was 580, up 36 from [...]

Baker Hughes Inc. (NYSE:BHI), CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today an agreement to create a pure-play North American land pressure pumping company. The new company will leverage operational experience and industry expertise to provide customers with leading hydraulic fracturing and cementing services supported by [...]

Baker Hughes Inc. (NYSE: BHI) announced today that leaders from Baker Hughes and GE Oil & Gas will host an investor meeting in New York City on Thursday, December 8, 2016. The meeting will begin at 9:00 a.m. Eastern time (8:00 a.m. Central time) and will be available for the public to view via a live webcast. The webcast will broadcast live on our website (www.bakerhughes.com/investor) and a replay will be made available [...]

Baker Hughes (NYSE: BHI) today announced that it has posted a link on its investor website (www.bakerhughes.com/investor) to supplemental material provided by General Electric Company (NYSE: GE) regarding the previously announced agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and [...]

GE (NYSE: GE) today announced that it has posted supplemental material regarding the previously announced agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes (NYSE: BHI) to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The company has posted the supplemental information including an overview of GE Oil & Gas and [...]

Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015. The international offshore rig count for October 2016 was 200, down 21 from the 221 counted in September 2016, and down 70 from the 270 counted in October 2015. The average U.S. rig count for October 2016 was 544, up 35 [...]

GE (NYSE:GE) and Baker Hughes (NYSE:BHI) today announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and services provider in the oil and gas [...]

Baker Hughes (NYSE:BHI) and General Electric will host an Investor webcast at. 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on October 31, 2016. The webcast and accompanying slides can be accessed on our investor website www.bakerhughes.com/investor prior to the call. A replay of the webcast will be available on the company’s website after the call. Baker Hughes is a leading supplier of oilfield services [...]

Baker Hughes Inc. (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable November 18, 2016 to holders of record on November 7, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas [...]