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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.
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.
Bently Nevada is an asset protection and condition monitoring hardware, software and service company for industrial plant-wide operations. [1] Its products are used to monitor the mechanical condition of rotating equipment in a wide variety of industries including oil and gas production, hydroelectric, wind, hydrocarbon processing, electric ...
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.
With more than half its revenue generated in North America, Baker Hughes' fourth-quarter and full-year results were weighed down by weakness in this core market. However, there were some bright ...
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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