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Baker Hughes Inc (BHI.N)

BHI.N on New York Stock Exchange

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$1.00 (+1.72%)
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Latest Key Developments (Source: Significant Developments)

Baker Hughes says projects slowdowns in Gulf of Mexico
10:55am EDT 

Baker Hughes Inc : Project slowdowns in Gulf of Mexico, pricing pressures on new international contracts have been greater than originally anticipated for Q1 .Operating profit for Q1 expected to be stronger than originally forecasted as a result of bad debt reversals in Ecuador.  Full Article

GR Energy Services, Baker Hughes enter into preferred wireline, perforating services agreement
Monday, 13 Mar 2017 11:57am EDT 

Baker Hughes Inc : GR Energy Services and Baker Hughes enter into preferred wireline and perforating services agreement .Agreement initially focusing on provision of wireline services in New Mexico, Texas And Louisiana oilfield markets.  Full Article

Baker Hughes announces February 2017 Rig counts
Tuesday, 7 Mar 2017 06:00am EST 

Baker Hughes Inc : Baker Hughes announces February 2017 Rig counts . Baker Hughes Inc - Average U.S. Rig count for February 2017 was 744, up 61 from 683 counted in January 2017 . Baker Hughes Inc - Average Canadian Rig count for February 2017 was 342, up 40 from 302 counted in January 2017 . Baker Hughes Inc - Worldwide Rig count for Feb 2017 was 2,027, up 109 from 1,918 counted in January 2017, and up 266 from 1,761 counted in February 2016 . Baker Hughes Inc - International Rig count for February 2017 was 941, up 8 from 933 counted in January 2017 .Baker Hughes- International offshore Rig count for Feb 2017 was 200, down 6 from 206 counted in Jan 2017, down 25 from 225 counted in February 2016.  Full Article

GE, Baker Hughes get expected requests for additional information from DOJ
Monday, 6 Mar 2017 04:15pm EST 

General Electric Co : GE and Baker Hughes receive expected requests for additional information from the DOJ . Says GE and Baker Hughes have been working cooperatively with DOJ as it conducts its review of transaction . Says "second requests were issued under Hart-Scott-Rodino antitrust improvements act of 1976, as amended" . Says co, Baker Hughes have each received request for additional information from DOJ in connection with co's pending deal with Baker Hughes . Says effect of second requests is to extend waiting period imposed by Hart-Scott-Rodino act until 30 days after co, Baker Hughes comply with requests .Says GE and Baker Hughes expect transaction to close in mid-2017.  Full Article

Baker Hughes says avg. U.S. rig count for Jan. 2017 was 683
Tuesday, 7 Feb 2017 06:00am EST 

Baker Hughes Inc : Baker Hughes announces January 2017 rig counts . Baker Hughes Inc - international rig count for January 2017 was 933, up 4 from 929 counted in December 2016 . Baker Hughes Inc - average u.s. Rig count for January 2017 was 683, up 49 from 634 counted in December 2016 . Baker Hughes Inc - international offshore rig count for January 2017 was 206, down 4 from 210 counted in December 2016 . Baker Hughes Inc - average Canadian rig count for January 2017 was 302, up 93 from 209 counted in December 2016 . Says worldwide rig count for January 2017 was 1,918, up 146 from 1,772 counted in December 2016 .Baker Hughes Inc - average Canadian rig count for January 2017 was 302, up 93 from 209 counted in December 2016.  Full Article

Baker Hughes Q4 adjusted non-gaap loss per share $0.30
Thursday, 26 Jan 2017 06:30am EST 

Baker Hughes Inc : Baker hughes announces fourth quarter and annual results . Q4 gaap loss per share $0.98 . Q4 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S . Baker hughes inc - in second half of 2016, we reduced annualized costs by nearly $700 million . Q4 adjusted non-gaap loss per share $0.30 . Baker hughes inc - in second half of 2016, paid down $1 billion in debt . Baker hughes inc -"looking ahead for first half of 2017, we expect onshore revenue in north america to increase as our customers ramp up activity" . Baker hughes inc - internationally, we are forecasting activity declines and continued pricing pressure for first half of 2017 . Baker hughes inc - in offshore markets, particularly deepwater, activity declines are expected to be "more severe" for first half of 2017 . Baker hughes - more activity in n. America, uplift from seasonal year-end product sales, pockets of growth internationally, mainly in middle east helped results . Says continue to expect a mid-2017 close for the pending ge oil & gas merger .Baker hughes inc - q4 includes after-tax charges of $291 million, or $0.68 per diluted share, related to asset impairments, restructuring charges.  Full Article

Baker Hughes announces December 2016 Rig counts
Monday, 9 Jan 2017 06:00am EST 

Baker Hughes Inc : Baker Hughes announces December 2016 Rig counts . Baker Hughes Inc - International Rig count for December 2016 was 929, up 4 from 925 counted in November 2016 . Baker Hughes Inc - Average U.S. Rig count for December 2016 was 634, up 54 from 580 counted in November 2016 . Baker Hughes - Worldwide Rig count for December 2016 was 1,772, up 94 from 1,678 counted in November 2016, and down 197 from 1,969 counted in December 2015 . Baker Hughes Inc - Average Canadian Rig count for December 2016 was 209, up 36 from 173 counted in November 2016 .Baker Hughes Inc - International Offshore Rig count for December 2016 was 210, down 1 from 211 counted in November 2016.  Full Article

Baker Hughes says avg. U.S. rig count for Nov 2016 was 580
Wednesday, 7 Dec 2016 06:00am EST 

Baker Hughes Inc : Baker Hughes announces November 2016 rig counts . Baker Hughes Inc - Average U.S. Rig count for November 2016 was 580, up 36 from 544 counted in October 2016, . Baker Hughes Inc - Worldwide rig count for November 2016 was 1,678, up 58 from 1,620 counted in October 2016 . Baker Hughes Inc - International rig count for November 2016 was 925, up 5 from 920 counted in October 2016 . Baker Hughes Inc - International offshore rig count for November 2016 was 211, up 11 from 200 counted in October 2016 .Baker Hughes- Average Canadian rig count for November 2016 was 173, up 17 from 156 counted in October 2016, and down 5 from 178 counted in November 2015.  Full Article

Baker Hughes announces October 2016 Rig counts
Monday, 7 Nov 2016 06:00am EST 

Baker Hughes Inc : Baker Hughes announces October 2016 Rig counts . Baker Hughes Inc - Announced today that International rig count for October 2016 was 920, down 14 from 934 counted in September 2016 . International Offshore rig count for October 2016 was 200, down 21 from 221 counted in September 2016 . Baker Hughes Inc - International Offshore rig count for October 2016 was 200, down 21 from 221 counted in September 2016 . Average U.S. Rig count for October 2016 was 544, up 35 from 509 counted in September 2016 . Baker Hughes Inc - Worldwide rig count for October 2016 was 1,620, up 36 from 1,584 counted in September 2016 .Average Canadian rig count for October 2016 was 156, up 15 from 141 counted in September 2016.  Full Article

Baker Hughes to pay GE $750 mln if deal between companies terminates - SEC filing
Tuesday, 1 Nov 2016 10:52am EDT 

Baker Hughes Inc : Transaction agreement with GE provides for payment by company to GE of termination fee of $750 million in case of certain events - SEC filing .Also required to reimburse GE for certain expenses (up to $40 million) if deal is terminated if company's stockholders do not approve deal.  Full Article

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