Baker Hughes Company

Baker Hughes announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 5, 2020 to holders of record on May 26, 2020. About Baker Hughes: Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative [...]

Industry-Leading Brand in Global Rod Lift Solutions to Become Independent Company KPS Capital Partners, LP announced today that it has signed a definitive agreement to acquire the Lufkin rod lift solutions business from Baker Hughes . Lufkin was founded in 1902 and acquired in 2013 by General Electric's Oil & Gas division. The division subsequently merged with Baker Hughes, Inc. in 2017. Lufkin, headquartered in Missouri [...]

Baker Hughes announced today that the Baker Hughes international rig count for April 2020 was 915 down 144 from the 1,059 counted in March 2020, and down 147 from the 1,062 counted in April 2019. The international offshore rig count for April 2020 was 228, down 16 from the 244 counted in March 2020, and down 23 from the 251 counted in April 2019. The average U.S. rig count for April 2020 was 566, down 206 from the 772 [...]

Baker Hughes Company announced results today for the first quarter of 2020. Three Months Ended Variance March 31, 2020 December 31, 2019 March 31, 2019 Sequential Year-over- year Orders $ 5,532 $ 6,944 $ 5,693 % % Revenue 5,425 6,347 5,615 % % Operating income 331 176 U U Adjusted operating income 240 546 273 % % Net income attributable to Baker Hughes 48 32 U U Adjusted net income attributable to Baker Hughes 70 179 76 [...]

Baker Hughes today announced a financial update in response to the significant decline in oil and gas prices and the COVID-19 pandemic. In addition to taking critical steps to reduce the spread and infection of the virus as well as mitigate the impact of this pandemic to its business operations, Baker Hughes is taking a number of actions in response to the current market environment, including the following: The Company [...]

Baker Hughes announced today that the Baker Hughes international rig count for March 2020 was 1,059, down 26 from the 1,085 counted in February 2020, and up 20 from the 1,039 counted in March 2019. The international offshore rig count for March 2020 was 244, down 1 from the 245 counted in February 2020, and down 3 from the 247 counted in March 2019. The average U.S. rig count for March 2020 was 772, down 19 from the 791 [...]

Baker Hughes will hold a webcast on Wednesday, April 22, 2020 to discuss the results for the first quarter ending March 31, 2020. The webcast is scheduled to begin at 9:00 a.m. Eastern Time . A press release announcing the results will be issued at 7:00 a.m. Eastern Time . To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the [...]

Baker Hughes announced today that the Baker Hughes international rig count for February 2020 was 1,085, up 7 from the 1,078 counted in January 2020, and up 58 from the 1,027 counted in February 2019. The international offshore rig count for February 2020 was 245, unchanged from the 245 counted in January 2020, and down 5 from the 250 counted in February 2019. The average U.S. rig count for February 2020 was 791, unchanged [...]

Baker Hughes announced today that the Baker Hughes international rig count for January 2020 was 1,078, down 26 from the 1,104 counted in December 2019, and up 54 from the 1,024 counted in January 2019. The international offshore rig count for January 2020 was 245, down 12 from the 257 counted in December 2019, and up 3 from the 242 counted in January 2019. The average U.S. rig count for January 2020 was 791, down 13 from [...]

Baker Hughes and C3.ai today announced the launch of BHC3 Production Optimization™, an AI-based application that allows well operators to view real-time production data, better project future production, and help optimize operations for improved oil and gas production rates. The application is the latest addition to the growing portfolio of BHC3 artificial intelligence applications. Launched at the Baker Hughes [...]