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Baker Hughes Company is an American energy company based in Houston, Texas. As one of the world's largest oil field services companies, it provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting.
CEO, Baker Hughes. Term. February 2017-. Predecessor. Martin Craighead. Board member of. Chairman of the U.S.-Russia Business Council . Board member of CNH Industrial and C3.ai. Lorenzo Simonelli is the Chairman, President and Chief Executive Officer of Baker Hughes, an energy technology company.
BJ Services in 2017 began operating as an independent joint venture after Baker Hughes sold a 53.3 percent stake in the hydraulic fracturing and cementing business to private equity firm CSL Capital Management and Goldman Sachs’ West Street Energy Partners for $325 million. On 20 July 2020, BJ Services filed Chapter 11 bankruptcy.
In the quest to find great investments, most investors focus on earnings to gauge a company's financial strength. This is a good start, but earnings can be misleading and incomplete. To get a ...
Baker Hughes (NYS: BHI) carries $7.4 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry.In July 2017, this division was merged with Baker Hughes.. The division supplied equipment for the petroleum industry including drilling, subsea and offshore, onshore, LNG, distributed gas, oil pipeline and oil storage, oil refinery and petrochemical.
Lufkin.com. Lufkin Industries is an American manufacturing company founded in 1902 and headquartered in Missouri City, Texas. Lufkin is a provider of rod lift products, automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. It was an independent company until being acquired by GE Oil & Gas ...
On July 3, 2017, the transaction was completed and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). In November 2018, GE reduced its stake in Baker Hughes to 50.4%. On October 18, 2019, GE reduced its stake to 36.8% and the company was renamed back to Baker Hughes.
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