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Baker Hughes Inc (BHI)

BHI on New York Consolidated

43.88USD
26 Jul 2016
Change (% chg)

$0.17 (+0.39%)
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Volume
595,963
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Latest Key Developments (Source: Significant Developments)

Baker Hughes entered into new credit agreement on July 13
Thursday, 14 Jul 2016 05:05pm EDT 

Baker Hughes Inc : On July 13, 2016, Baker Hughes incorporated entered into a new credit agreement - SEC filing . 2016 credit agreement is a five-year committed $2.5 billion revolving credit facility that expires in July 2021 .On July 13, 2016 company terminated its existing five-year committed $2.5 billion credit agreement.  Full Article

U.S. fines ValueAct $11 mln over lack of disclosures tied to Halliburton, Baker Hughes stake
Tuesday, 12 Jul 2016 12:56pm EDT 

: U.S. says valueact enjoined from relying on 'investment-only' exemption when it intends to influence basic business decisions.  Full Article

Baker Hughes announces pricing terms of tender offer
Thursday, 9 Jun 2016 04:38pm EDT 

Baker Hughes : Pricing terms of its cash tender offer for up to $1 billion combined aggregate principal amount of its senior notes .Baker hughes announces pricing terms of tender offer for certain outstanding debt securities.  Full Article

Baker Hughes announces early results of tender offer for certain outstanding debt securities
Thursday, 9 Jun 2016 09:00am EDT 

Baker Hughes Inc : Approximately $1.095 billion in combined aggregate principal amount of notes was validly tendered and not validly withdrawn .Baker Hughes announces early results of tender offer for certain outstanding debt securities.  Full Article

Baker Hughes announces May 2016 rig counts
Tuesday, 7 Jun 2016 06:30am EDT 

Baker Hughes Inc : Baker Hughes announces may 2016 rig counts . Average u.s. Rig count for may 2016 was 408, down 29 from 437 counted in April 2016 . International rig count for may 2016 was 955 up 9 from April 2016, and down 203 from 1,158 counted in may 2015 . International offshore rig count for may 2016 was 229, up 9 from 220 counted in April 2016, and down 55 from 284 counted in may 2015 .Baker Hughes announces may 2016 rig counts.  Full Article

Moody's downgrades Baker Hughes to Baa1
Friday, 3 Jun 2016 04:23pm EDT 

Moody's: Moody's downgrades Baker Hughes to Baa1 . Stable outlook reflects expectation that ebitda will improve through cost cutting measures leading to lower leverage .Downgrade reflects elevated leverage, developing business model underpinned by current oilfield services segment weakness, failed Halliburton merger.  Full Article

Baker Hughes announces organizational and leadership changes
Wednesday, 25 May 2016 02:32pm EDT 

Baker Hughes Inc : Baker hughes announces organizational and leadership changes . Belgacem Chariag, who was vice president and chief integration officer, will serve as president, global operations . Derek Mathieson will serve as chief commercial officer of newly formed commercial strategy organization . Baker Hughes has combined its technology and global products and services (GPS) organizations to create one global organization . All changes were effective as of May 24, 2016 .Consolidated previous regional operations structure into one global organization.  Full Article

Baker Hughes announces tender offers for certain outstanding debt securities
Wednesday, 25 May 2016 09:23am EDT 

Baker Hughes Inc : Baker Hughes announces tender offers for certain outstanding debt securities . Has commenced a tender offer to purchase for cash up to $1 billion combined aggregate principal amount . Tender offer includes its or its unit's 6.000% senior notes due 2018, 7.500% senior notes due 2018, 3.200% senior notes due 2021 .Tender offer also includes its or its unit's 8.550% debentures due 2024, 6.875% notes due 2029 and 5.125% senior notes due 2040.  Full Article

Halliburton to redeem $2.5 billion in senior notes
Friday, 6 May 2016 04:30pm EDT 

Halliburton Co : Halliburton to redeem $2.5 billion in senior notes . Halliburton plans to use cash on hand to fund special mandatory redemption .Will redeem entire outstanding principal amount of its 2.700% senior notes due March 2020 and 3.375% senior notes due March 2022.  Full Article

Baker Hughes says April International offshore rig count was 220
Friday, 6 May 2016 06:12am EDT 

Baker Hughes Inc : Baker Hughes announces April 2016 rig counts . International offshore rig count for April 2016 was 220, up 9 from 211 counted in March 2016 . International offshore rig count for April 2016 was 220, up 9 from 211 counted in March 2016 . Worldwide rig count for April 2016 was 1,424, down 127 from 1,551 counted in March 2016 . International rig count for April 2016 was 946, down 39 from 985 counted in March 2016 .Average canadian rig count for April 2016 was 41, down 47 from 88 counted in March 2016.  Full Article

U.S. oil drillers add rigs for fourth straight week -Baker Hughes

July 22 U.S. drillers this week added oil rigs for a fourth consecutive week, according to a closely followed report on Friday, with the recent return to the well pad expected to soften the decline in domestic crude production. Drillers added 14 oil rigs in the week to July 22, bringing the total rig count up to 371, compared with 659 a year ago, energy services firm Baker Hughes Inc said. Since early June when U.S. crude prices settled over $50 a