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Baker Hughes Company. 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, reservoir consulting, and tubular running services.
In 2013, he was appointed president of GE's Oil and Gas division, [10] which he ran until the division was merged with Baker Hughes Inc in 2017, becoming Baker Hughes, a GE Company (NYSE:BHGE). [11] He became CEO of the newly formed company, and following GE's divestment from the company in 2019, has continued on as CEO of the independent Baker ...
At one point, known as BJ Services Company, the company operated in more than 50 countries worldwide. BJ Services generated record revenue of $5.4 billion in fiscal 2008, up 13% from the prior year, and had 18,000 employees. [1] On April 28, 2010, the company was bought by Baker Hughes in a $5.5 billion stock and cash deal.
Baker Hughes has an intangible assets ratio of 32%. This is well above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth. It's also useful to ...
On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). [113] In November 2018, GE reduced its stake in Baker Hughes to 50.4%. [114] On October 18, 2019, GE reduced its stake to 36.8% and the company was renamed back to Baker Hughes. [115]
Today, the site of the building is on the campus of University of Houston–Downtown. A February 1914 advertisement for the Sharp-Hughes Tool Company in Fuel Oil Journal. Hughes Tool Company was an American manufacturer of drill bits. Founded in 1908, [1] it was merged into Baker Hughes Incorporated in 1987.
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