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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.
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 ...
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.
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.
It wasn't a pretty quarter for oil-field services company Baker Hughes . That the Houston-based corporation fell well short of its year-ago results was hardly a surprise. But that it failed to ...
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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Western Atlas wireline division, Western Atlas Logging Services, became Baker Atlas, one of seven divisions of Baker Hughes. The Western Geophysical division of Western Atlas was joined with Schlumberger geophysical operations, Geco-Prakla, to form WesternGeco in 2000. WesternGeco was initially owned jointly by Baker Hughes and Schlumberger.