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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

30.91USD
17 Nov 2017
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$0.76 (+2.52%)
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Latest Key Developments (Source: Significant Developments)

General Electric CEO Flannery plans to focus on GE’s aviation, power, health-care divisions- WSJ‍​
Monday, 13 Nov 2017 12:10am EST 

Nov 13 (Reuters) - :General Electric CEO Flannery plans to unveil road map monday to focus on GE's aviation, power, health-care divisions- WSJ, citing a source ‍​.General Electric CEO CEO will look to exit most of the rest of GE's operations - WSJ, citing a source‍​.CEO says company plans to eventually shed its majority stake in Baker Hughes - WSJ.  Full Article

Baker Hughes, a GE Company announces October 2017 rig counts
Tuesday, 7 Nov 2017 06:00am EST 

Nov 7 (Reuters) - Baker Hughes A Ge Co ::Baker Hughes international rig count for October 2017 was 951, up 20 from 931 counted in September 2017​.International offshore rig count for October 2017 was 204, up 14 from 190 counted in September 2017​.Average U.S. rig count for October 2017 was 922, down 18 from 940 counted in September 2017​.Worldwide rig count for October 2017 was 2,077, down 4 from 2,081 counted in September 2017​.  Full Article

Superior Drilling Products enters letter agreement with Baker Hughes Oilfield Operations
Wednesday, 1 Nov 2017 02:57pm EDT 

Nov 1 (Reuters) - Superior Drilling Products Inc SPDI.A::Superior Drilling Products says on Oct 27, unit of co entered letter agreement with Baker Hughes Oilfield Operations Llc - SEC filing.Says pursuant to agreement, exiting vendor agreement extended through earlier of Jan 28, 2018/execution of new vendor agreement‍​.  Full Article

Baker Hughes, a GE company declared a cash dividend of $0.18/share of Class A common stock​
Friday, 27 Oct 2017 02:50pm EDT 

Oct 27 (Reuters) - Baker Hughes A Ge Co ::Baker Hughes a GE Co - Board of Directors declared a cash dividend of $0.18 per share of Class A common stock​.  Full Article

Baker Hughes expects activity to stay flat through year-end - Conf Call
Friday, 20 Oct 2017 11:07am EDT 

Oct 20 (Reuters) - Baker Hughes A GE Co : :Baker Hughes - Expect activity to stay flat through year-end till market has "better line of sight" into 2018 budgets, operators' production hedge positions - Conf Call.Baker Hughes says in Q3, Q-O-Q increase in orders was driven by shorter cycle segment, oilfield services and digital solutions - Conf Call.Baker Hughes says recorded negative impact of about $15 million in quarter as a result of supply chain driven delays caused by Hurricane Harvey - Conf Call.Baker Hughes CFO says major project investments remained low in oil and gas market - Conf Call.Baker Hughes CFO says in short term, expect headwinds on service orders from customers spend delays and low LNG order to continue - Conf Call.Baker Hughes says expect digital solutions to continue to grow in Q4, but off a lower base than Q4 2016 - Conf Call.Baker Hughes CEO says "Would definitely" expect Q4 to be better operationally due to seasonaility and some process changes - Conf Call.Baker Hughes CEO says expect oilfield equipment business to continue to be challenged, with some delays in some projects - Conf Call.Baker Hughes CFO says apart from forex, do not expect any appreciable increase in margin rates over next few quarters - Conf Call.Baker Hughes CEO says "We should have better order performance in 2018, but actually the revenue side continue to be pressured" - Conf Call.  Full Article

Baker Hughes a GE Co Q3 adj. basic earnings per share $0.05
Friday, 20 Oct 2017 06:45am EDT 

Oct 20 (Reuters) - Baker Hughes A Ge Co ::Qtrly ‍GAAP loss per share $0.24​.Qtrly ‍revenue of $5.4 billion, down 1% sequentially and flat year-over-year on a combined business basis​.‍"In our Oilfield Services segment, we continue to see growth driven by our well construction business in North America"​.Qtrly ‍adjusted basic earnings per share (a non-GAAP measure) were $0.05​.In Oilfield Services segment, ‍international activity "remains muted" with rig count flat year-to-date.‍"In our Oilfield Equipment segment, subsea market continues to be challenging"​.‍"We expect overall oil and gas environment to remain challenging for rest of year"​.In Oilfield Equipment segment, "activity remains low and price continues to be pressured​".In overall O&G environment, seen some improvement in activity but not seen meaningful increases in customer capital commitments​.In Oilfield Equipment segment, expect subsea market to be challenged in short term, "little sign" of significant recovery in 2018​.Adjusted operating income for Q3 excludes adjustments of $362 million before tax, related to restructuring charges, merger and related costs​.Q3 earnings per share view $0.11, revenue view $5.53 billion -- Thomson Reuters I/B/E/S.  Full Article

General Electric says ‍in connection with Jeffrey​ Immelt's retirement, board decreased its size
Monday, 2 Oct 2017 04:08pm EDT 

Oct 2 (Reuters) - General Electric Co :General Electric Co says ‍in connection with Jeffrey​ Immelt's retirement, board decreased its size from 19 to 18 directors - SEC filing.General electric co - Larry Nichols resigned from BHGE board, and BHGE board decreased its size from 11 to 9 directors​.  Full Article

Snam ‍and Baker Hughes sign memorandum of understanding
Tuesday, 26 Sep 2017 06:12am EDT 

Sept 26 (Reuters) - Italy's Snam::‍Signs memorandum of understanding with Baker Hughes, a GE company specialising in digital services, to develop technologies for gas market​ .  Full Article

Baker Hughes announces 2nd contract for EEA's Coral South FLNG development
Wednesday, 30 Aug 2017 06:10am EDT 

Aug 30 (Reuters) - Baker Hughes A GE Co :Baker Hughes a GE co announces second contract for Eni East Africa's (EEA) coral south flng development, offshore Mozambique; contract awarded in Q2 this year.  Full Article

Valueact Holdings reports 6.9 pct stake in Baker Hughes A GE Co
Tuesday, 8 Aug 2017 08:10am EDT 

Aug 8 (Reuters) - Baker Hughes A Ge Co :Valueact Holdings, L.P. Reports 6.9 percent stake in Baker Hughes A GE Co as of July 28​ - sec filing.Valueact Holdings, L.P. - acquired securities of Baker Hughes A GE Co based on belief that securities were "undervalued".  Full Article

BRIEF-Baker Hughes expects activity to stay flat through year-end - Conf Call

* Baker Hughes - Expect activity to stay flat through year-end till market has "better line of sight" into 2018 budgets, operators' production hedge positions - Conf Call