Baker Hughes Company

HOUSTON, May 14, 2015 /PRNewswire/ -- 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 June 24, 2015 to holders of record on June 3, 2015. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the [...]

HOUSTON, May 7, 2015 /PRNewswire/ -- Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for April 2015 was 1,202, down 49 from the 1,251 counted in March 2015, and down 147 from the 1,349 counted in April 2014. The international offshore rig count for April 2015 was 300, down 16 from the 316 counted in March 2015, and down 29 from the 329 counted in April 2014. The average U.S. rig count for [...]

- 20% decline in revenue compared to the first quarter of 2014 attributed to unfavorable market conditions. - GAAP net loss per diluted share of $1.35 for the quarter includes $557 million, or $1.28 per diluted share in adjustments for restructuring charges, inventory adjustments, and merger-related costs, and $133 million, or $0.30 per share, for other significant market-driven charges. - More than $700 million in [...]

HOUSTON, April 9, 2015 /PRNewswire/ -- Baker Hughes Inc. (NYSE:BHI) announced today that effective immediately it has suspended the quarterly publication of the U.S. onshore well count. In response to the recent market downturn and internal initiatives to reduce costs, the company has prioritized its resources to support the ongoing publication of the weekly North America and monthly International rig counts, which [...]

HOUSTON, April 8, 2015 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that the international rig count for March 2015 was 1,251, down 24 from the 1,275 counted in February 2015, and down 94 from the 1,345 counted in March 2014. The international offshore rig count for March 2015 was 316, down 8 from the 324 counted in February 2015, and down 18 from the 334 counted in March 2014. The average U.S. rig count [...]

HOUSTON, March 27, 2015 /PRNewswire/ -- As announced on November 17, 2014, Baker Hughes Inc. (NYSE:BHI) and Halliburton Company (NYSE:HAL) entered into a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction.  The transaction was approved by stockholders of both companies today, and is expected to close late in the second half of 2015, pending [...]

Halliburton Company (NYSE:HAL) today announced that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated (NYSE: BHI). In addition, Baker Hughes today announced that its stockholders adopted the merger agreement and thereby approved the proposed combination of the two companies. Each [...]

HOUSTON, March 6, 2015 /PRNewswire/ -- Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for February 2015 was 1,275, up 17 from the 1,258 counted in January 2015, and down 66 from the 1,341 counted in February 2014. The international offshore rig count for February 2015 was 324, up 10 from the 314 counted in January 2015, and up 6 from the 318 counted in February 2014.  The average U.S. rig [...]

Halliburton Company (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) today announced that each company will hold a special meeting of stockholders on March 27, 2015, at 9:00 AM Central Time, in connection with Halliburton’s pending acquisition of Baker Hughes. Halliburton’s special meeting will be held at Halliburton’s offices at 3000 North Sam Houston Parkway East, Life Center Auditorium, Houston, Texas 77032, and Baker [...]

Halliburton Company (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) today announced that, as expected, the companies have each received a request for additional information (“second requests”) from the United States Department of Justice (“DOJ”) in connection with Halliburton’s pending acquisition of Baker Hughes. The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust [...]