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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, and reservoir consulting.
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.
With an EVA momentum of 1.7%, Baker Hughes' economic value added increased year over year, placing it in the 55th percentile of all companies in the Russell 3000.
Eric H. Baker (born May 1973) is an American businessman, the founder and CEO of Viagogo, and co-founder of StubHub. Early life. Baker was born in May 1973. He was born and grew up in Los Angeles. [clarification needed] Baker graduated from Harvard College in 1995, and received an MBA from Stanford Business School in 2001. Career
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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.
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.
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