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Baker Hughes Inc (BHI)

BHI on New York Consolidated

55.45USD
26 May 2017
Change (% chg)

$0.61 (+1.11%)
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Latest Key Developments (Source: Significant Developments)

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

Baker Hughes, GE amend transaction agreement to increase board size of Bear Newco to 11 directors - SEC filing
Friday, 31 Mar 2017 12:49pm EDT 

Baker Hughes Inc : Company, GE and certain subsidiaries of company amended certain provisions of transaction agreement as of March 27, 2017 - SEC filing . Transaction agreement with GE amended to provide for increase size of board of Bear Newco Inc from nine to eleven directors . Transaction agreement with GE amended to also increase number of co's designees to board of directors of New Baker Hughes from 4 to 5 .Transaction agreement with GE amended to increase number of GE's designees to board of directors of New Baker Hughes from 5 to 6.  Full Article

Baker Hughes says projects slowdowns in Gulf of Mexico
Tuesday, 28 Mar 2017 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

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