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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Arcline Investment Management To Buy Reciprocating Compression Division Of Baker Hughes, A GE Co
Thursday, 18 Jul 2019 06:00am EDT 

July 18 (Reuters) - Baker Hughes A GE Co ::ARCLINE INVESTMENT MANAGEMENT TO ACQUIRE THE RECIPROCATING COMPRESSION DIVISION OF BAKER HUGHES, A GE COMPANY.ARCLINE INVESTMENT MANAGEMENT TO ACQUIRE RECIPROCATING COMPRESSION DIVISION OF BAKER HUGHES, A GE COMPANY.  Full Article

Baker Hughes A GE Co Posts Q1 Revenue of $5.615 Billion
Tuesday, 30 Apr 2019 06:45am EDT 

April 30 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 REVENUE $5.615 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.63 BILLION.Q1 GAAP EARNINGS PER SHARE $0.06.ORDERS OF $5.7 BILLION FOR QUARTER, DOWN 17% SEQUENTIALLY AND UP 9% YEAR-OVER-YEAR.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.15.IN QUARTER, U.S. RIG COUNT DROPPED SLIGHTLY LESS THAN EXPECTED, AND INTERNATIONAL ACTIVITY REMAINED STEADY.BAKER HUGHES - IN OILFIELD SERVICES, SAW TYPICAL SEASONAL DECLINES IN VOLUME SEQUENTIALLY, AND STRONG Y-O-Y GROWTH ACROSS ALL PRODUCT LINES DURING QUARTER.BAKER HUGHES - "NEXT WAVE OF LNG PROJECTS WILL BE POSITIVE FOR US, AND WE CONTINUE TO SEE ENCOURAGING SIGNS IN THE OFFSHORE MARKET".QTRLY OILFIELD SERVICES REVENUE OF $2,986 MILLION, UP 12%.Q1 EARNINGS PER SHARE VIEW $0.13 -- REFINITIV IBES DATA.  Full Article

Baker Hughes CEO Lorenzo Simonelli's FY 2018 Total Compensation Was About $16 Mln
Monday, 25 Mar 2019 05:34pm EDT 

March 25 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO SAYS CEO LORENZO SIMONELLI'S FY 2018 TOTAL COMPENSATION WAS ABOUT $16 MILLION VERSUS $12.6 MILLION IN FY 2017 - SEC FILING.BAKER HUGHES A GE CO SAYS CFO BRIAN WORRELL'S FY 2018 TOTAL COMPENSATION WAS $7.3 MILLION VERSUS $5.8 MILLION IN FY 2017 - SEC FILING.BAKER HUGHES A GE CO SAYS RATIO OF 2018 TOTAL COMPENSATION OF CEO TO ESTIMATED 2018 MEDIAN OF ANNUAL TOTAL COMPENSATION OF CO'S EMPLOYEES WAS 207 TO 1.  Full Article

Baker Hughes A GE Co - Worldwide Rig Count For November 2018 Was 2,266
Friday, 7 Dec 2018 06:00am EST 

Dec 7 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES NOVEMBER 2018 RIG COUNTS.BAKER HUGHES, A GE COMPANY ANNOUNCES NOVEMBER 2018 RIG COUNTS.BAKER HUGHES A GE CO - WORLDWIDE RIG COUNT FOR NOVEMBER 2018 WAS 2,266, DOWN 5 FROM 2,271 COUNTED IN OCTOBER 2018.BAKER HUGHES A GE CO - BAKER HUGHES INTERNATIONAL RIG COUNT FOR NOVEMBER 2018 WAS 991, DOWN 26 FROM 1,017 COUNTED IN OCTOBER 2018.BAKER HUGHES A GE CO - AVERAGE U.S. RIG COUNT FOR NOVEMBER 2018 WAS 1,077, UP 15 FROM 1,062 COUNTED IN OCTOBER 2018.BAKER HUGHES A GE CO - AVERAGE CANADIAN RIG COUNT FOR NOVEMBER 2018 WAS 198, UP 6 FROM 192 COUNTED IN OCTOBER 2018.BAKER HUGHES A GE CO - AVERAGE U.S. RIG COUNT FOR NOVEMBER 2018 WAS 1,077, UP 15 FROM 1,062 COUNTED IN OCTOBER 2018.BAKER HUGHES A GE CO - INTERNATIONAL OFFSHORE RIG COUNT FOR NOVEMBER 2018 WAS 206, DOWN 1 FROM 207 COUNTED IN OCTOBER 2018.  Full Article

Baker Hughes Announces Pricing Of Secondary Offering By GE
Wednesday, 14 Nov 2018 08:47am EST 

Nov 14 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF SECONDARY OFFERING BY GE.PRICING OF A SECONDARY OFFERING OF 92 MILLION SHARES OF BHGE CLASS A COMMON STOCK, PAR VALUE $0.0001 PER SHARE AT $23/SHARE.AGREED TO REPURCHASE FROM ONE OR MORE OF GE & AFFILIATES 65 MILLION SHARES OF CO'S CLASS B COMMON STOCK.INTENDS TO FUND SHARE REPURCHASE WITH CASH ON HAND AND OTHER AVAILABLE SOURCES OF LIQUIDITY.MAXIMUM AGGREGATE PURCHASE PRICE FOR SHARE REPURCHASE IS $1.5 BILLION.BASE SHARE REPURCHASE IS EXPECTED TO CLOSE ON NOVEMBER 16, 2018.SHARE REPURCHASE IS PURSUANT TO AND WILL COUNT TOWARD EXISTING SHARE REPURCHASE PROGRAM AUTHORIZED ON NOV 6.OFFERING AND SHARE REPURCHASE UNANIMOUSLY APPROVED BY CONFLICTS COMMITTEE AND CO'S BOARD.  Full Article

Baker Hughes, A GE Co, Declares Cash Dividend Of $0.18/Share Of Class A Common Stock Payable
Monday, 5 Nov 2018 02:42pm EST 

Nov 5 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY DECLARES QUARTERLY DIVIDEND.BAKER HUGHES A GE CO - DECLARED A CASH DIVIDEND OF $.18 PER SHARE OF CLASS A COMMON STOCK PAYABLE.BAKER HUGHES A GE CO - DIVIDEND TO BE FUNDED BY DISTRIBUTION OF $.18 PER UNIT FROM BAKER HUGHES, A GE COMPANY, LLC TO ALL OF ITS MEMBERS, INCLUDING GE.  Full Article

BHGE, McDermott, L&T Hydrocarbon Engineering Win Largest Indian Subsea Project For ONGC's Prestigious 98/2 Block
Wednesday, 3 Oct 2018 08:00am EDT 

Oct 3 (Reuters) - Baker Hughes A GE Co ::BHGE, MCDERMOTT, L&T HYDROCARBON ENGINEERING WIN LARGEST INDIAN SUBSEA PROJECT FOR ONGC’S PRESTIGIOUS 98/2 BLOCK.BAKER HUGHES A GE CO - CO, MCDERMOTT , L&T UNIT, AWARDED SUBSEA CONTRACT FOR ONGC DEEPWATER PROJECT, DEVELOPMENT OF BLOCK DWN-98/2 IN KRISHNA GODAVARI BASIN.BAKER HUGHES A GE CO - DELIVERY IS SCHEDULED FOR 2020 FOR GAS SYSTEM AND 2021 FOR OIL SYSTEM..  Full Article

Baker Hughes Average U.S. Rig Count For March 2018 Up By 200 YOY
Friday, 6 Apr 2018 06:00am EDT 

April 6 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES MARCH 2018 RIG COUNTS.BAKER HUGHES INTERNATIONAL RIG COUNT FOR MARCH 2018 WAS 972, DOWN 7 FROM 979 COUNTED IN FEBRUARY 2018.AVERAGE U.S. RIG COUNT FOR MARCH 2018 WAS 989, UP 200 FROM 789 COUNTED IN MARCH 2017.INTERNATIONAL OFFSHORE RIG COUNT FOR MARCH 2018 WAS 185, DOWN 9 FROM 194 COUNTED IN FEBRUARY 2018.WORLDWIDE RIG COUNT FOR MARCH 2018 WAS 2,179, UP 194 FROM 1,985 COUNTED IN MARCH 2017.AVERAGE CANADIAN RIG COUNT FOR MARCH 2018 WAS 218, DOWN 105 FROM 323 COUNTED IN FEBRUARY 2018.  Full Article

Baker Hughes A GE Co Says Integration Synergies On Track, With $119 Mln In H2 2017, $700 Mln In 2018
Monday, 26 Mar 2018 05:50pm EDT 

March 26 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO SAYS INTEGRATION SYNERGIES ON TRACK, WITH $119 MILLION IN H2 2017, $700 MILLION IN 2018- SEC FILING‍​.BAKER HUGHES A GE CO - LOOKING AT OIL MARKET, WE SEE GLOBAL DEMAND RISING AT A STEADY PACE‍​‍​.BAKER HUGHES A GE CO - ON GLOBAL GAS TRADE, WE EXPECT LNG DEMAND TO MORE THAN DOUBLE TO 500 MTPA BY 2040, GROWING AT 4-5% PER YEAR.BAKER HUGHES A GE CO CEO SAYS MACRO BACKDROP IS "MORE POSITIVE THAN WHAT WE HAVE SEEN IN SEVERAL YEARS".BAKER HUGHES A GE CO - LOOKING AT THE GAS MARKET, CO SEES SHARE OF ENERGY CONSUMPTION SHIFTING MORE TO GAS OVER NEXT DECADES.BAKER HUGHES A GE CO CEO SAYS SEES CRUDE PRICES RELATIVELY RANGEBOUND IN 2018.BAKER HUGHES A GE CO-EXECUTING PRIORITIES WITH CURRENT EXPECTED MARKET DYNAMICS TO HELP BUSINESS RETURN TO NORMALIZED MARGINS IN MID-TEENS BY LATE 2019.BAKER HUGHES A GE CO - MARKET FORECASTS POINT TO A SUPPLY - DEMAND REBALANCE IN THE 2022 TO 2023 TIMEFRAME.BAKER HUGHES A GE CO CEO SAYS NOW EXPECT MARGINS IN TPS TO BE SLIGHTLY LOWER THAN INITIALLY ANTICIPATED IN Q1.BAKER HUGHES A GE CO - PROJECT CYCLE TIMES IMPLY NEW FIDS WILL BE REQUIRED IN 2018 AND 2019 TO MEET GROWING DEMAND.BAKER HUGHES A GE CO - HAVE $14 BILLION OF SERVICES BACKLOG IN THE TPS SEGMENT.BAKER HUGHES A GE CO- WHILE TIMING MORE DIFFICULT TO PREDICT,RETURN OF MORE NORMALIZED REVENUE LEVELS FOR TRANSACTIONAL SERVICES TO BE ACCRETIVE TO MARGINS.  Full Article

Baker Hughes A GE Co CEO's 2017 Compensation Was $12.6 Mln
Friday, 23 Mar 2018 06:20pm EDT 

March 23 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES A GE CO CEO LORENZO SIMONELLI'S 2017 COMPENSATION WAS $12.6 MILLION - SEC FILING.BAKER HUGHES A GE CO SAYS CFO BRIAN WORRELL'S FY 2017 TOTAL COMPENSATION WAS $5.8 MILLION.  Full Article

Buyout firm Arcline Investment to buy Baker Hughes unit

Arcline Investment Management, a U.S. private equity firm founded by former Golden Gate dealmaker Rajeev Amara, said on Thursday it would buy a unit of Baker Hughes , General Electric Co's oil-servicing subsidiary.