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Baker Hughes Inc (BHI.N)

BHI.N on New York Stock Exchange

54.52USD
22 Jun 2017
Change (% chg)

$-0.33 (-0.60%)
Prev Close
$54.85
Open
$54.78
Day's High
$55.07
Day's Low
$54.15
Volume
1,202,457
Avg. Vol
603,010
52-wk High
$68.57
52-wk Low
$41.75

Latest Key Developments (Source: Significant Developments)

ACCC won't oppose acquisition of Baker Hughes Inc by General Electric Co
Tuesday, 13 Jun 2017 02:51am EDT 

June 13 (Reuters) - Australian Competition and Consumer Commission::Will not oppose proposed acquisition of Baker Hughes Inc by General Electric Company ‍​.Determined the proposed acquisition was unlikely to raise competition concerns in the supply of inline inspection and integrity services‍​.  Full Article

Baker hughes announces MAY 2017 rig counts
Wednesday, 7 Jun 2017 06:00am EDT 

June 7 (Reuters) - Baker Hughes Inc -:Baker Hughes announces May 2017 rig counts.Baker Hughes Inc - worldwide rig count for May 2017 was 1,935, up 18 from 1,917 counted in April 2017.Worldwide rig count for May 2017 was 1,935, up 18 from 1,917 counted in April 2017.Baker Hughes Inc - average Canadian rig count for May 2017 was 85, down 23 from 108 counted in April 2017.Baker Hughes Inc - international rig count for May 2017 was 957, up 1 from 956 counted in April 2017, and up 2 from 955 counted in may 2016.Baker Hughes Inc - ‍average U.S. Rig count for may 2017 was 893, up 40 from 853 counted in april 2017​.Baker Hughes - international offshore rig count for may 2017 was 202, up 1 from 201 counted in april 2017, and down 27 from 229 counted in may 2016.  Full Article

Baker Hughes, GE announce executive team for Baker Hughes, a GE company
Monday, 5 Jun 2017 11:00am EDT 

June 5 (Reuters) - Baker Hughes Inc ::Baker Hughes and GE announce executive leadership team for Baker Hughes, a GE company.Lorenzo Simonelli to be CEO of Baker Hughes upon closing of proposed transaction to combine GE's oil & gas business with Baker Hughes.Company will have operations in more than 120 countries, about 70,000 employees and hold dual headquarters in Houston, Texas and London, UK​.Brian Worrell to be CFO of Baker Hughes upon closing of proposed transaction to combine GE's oil & gas business with Baker Hughes.  Full Article

Baker Hughes and GE receive clearance from European Commission
Wednesday, 31 May 2017 09:20am EDT 

May 31 (Reuters) - Baker Hughes Inc :Baker Hughes and GE receive clearance from the European Commission.Baker Hughes Inc - ‍baker Hughes and GE continue to work constructively with regulators and expect to close transaction in mid-2017​.  Full Article

Baker Hughes announces April 2017 rig counts
Friday, 5 May 2017 06:00am EDT 

May 5 (Reuters) - Baker Hughes Inc : :Baker Hughes Inc - international rig count for April 2017 was 956, up 13 from 943 counted in March 2017.Baker Hughes Inc - worldwide rig count for April 2017 was 1,917, down 68 from 1,985 counted in march 2017.Baker Hughes announces april 2017 rig counts.Baker Hughes Inc - international offshore rig count for april 2017 was 201, up 4 from 197 counted in march 2017.Says average U.S. rig count for April 2017 was 853, up 64 from 789 counted in March 2017.Baker Hughes Inc - average Canadian rig count for April 2017 was 108, down 145 from 253 counted in March 2017.  Full Article

Baker Hughes says board elected Martin Craighead as chairman
Tuesday, 2 May 2017 05:07pm EDT 

May 2 (Reuters) - Baker Hughes Inc :Baker Hughes - on april 27, board elected Martin Craighead as chairman of board of directors and J. Larry Nichols as lead director - sec filing.  Full Article

Baker Hughes announced introduction of its deepfrac deepwater multistage fracturing service
Monday, 1 May 2017 09:00am EDT 

May 1 (Reuters) - Baker Hughes Inc :Baker hughes inc - announced introduction of its deepfrac deepwater multistage fracturing service.  Full Article

Baker Hughes sets regular quarterly cash dividend of $0.17 per share
Thursday, 27 Apr 2017 12:02pm EDT 

April 27 (Reuters) - Baker Hughes Inc ::Sets regular quarterly cash dividend of $0.17 per share.  Full Article

Baker Hughes Q1 GAAP loss per share $0.30
Tuesday, 25 Apr 2017 06:30am EDT 

April 25 (Reuters) - Baker Hughes Inc :Baker Hughes announces first quarter results.Q1 GAAP loss per share $0.30.Q1 adjusted non-GAAP loss per share $0.04.Q1 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.Q1 revenue fell 15 percent to $2.3 billion.Baker Hughes Inc - "looking forward to rest of year, we believe that North America onshore market will continue to grow".Q1 revenue view $2.27 billion -- Thomson Reuters I/B/E/S.Baker Hughes Inc - for international onshore markets, activity has bottomed and we expect it will remain stable, with few pockets of modest growth for FY.Baker Hughes Inc - "we expect there to be headwinds offshore throughout rest of 2017".Baker Hughes Inc - qtrly revenue for upstream chemicals business, grew in line with production volumes.Baker Hughes Inc - qtrly international revenues declined as a result of year-end sales not repeating, seasonal activity reductions, and price deterioration.Baker Hughes Inc - while onshore rig count increase in North America has been more robust than expected, industry still working to absorb excess service capacity.Baker Hughes Inc says for most drilling-related product lines in North America, co believes it is on the cusp of a broader pricing recovery.  Full Article

Baker Hughes average U.S. Rig count for March 2017 was 789, up 45 from 744 counted in Feb.
Friday, 7 Apr 2017 06:00am EDT 

Baker Hughes Inc : Baker Hughes announces March 2017 rig counts . Baker Hughes Inc - average U.S. Rig count for march 2017 was 789, up 45 from 744 counted in February 2017 . Baker Hughes Inc - worldwide rig count for march 2017 was 1,985, down 42 from 2,027 counted in February 2017 . Baker Hughes- international offshore rig count for march 2017 was 197, down 3 from 200 counted in FEB 2017, and down 14 from 211 counted in march 2016 .Baker Hughes Inc - average U.S. Rig count for march 2017 was 789, up 45 from 744 counted in February 2017..  Full Article

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