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In 1964, Sutter was succeeded by E.H. "Hubie" Clark, who became the first Baker Hughes chairman of the board in 1987. During its 80-year history prior to its merger with Baker Hughes, Baker Oil Tools had only three chief executive officers. In 1970, Baker Oil Tools acquired Lynes, Inc., which produced liner hangers and other completion equipment.
The Nasdaq-100 (^NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index.
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.
Halliburton Company is an American multinational corporation and the world's second largest oil service company which is responsible for most of the world's largest fracking operations. [6] It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries.
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.
In the latest trading session, Baker Hughes (BKR) closed at $28.47, marking a -0.66% move from the previous day.
Hughes Network Systems, LLC is a wholly owned subsidiary of EchoStar. It is headquartered in Germantown, Maryland and provides satellite internet service . [5] HughesNet has over a million subscribers in the Americas in late 2023, [6] down from 1.4 million in early 2022.
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