Baker Hughes, a GE company (BHGE) is an international industrial and oil field service company. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. It also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.
Type
Public
Parent Company
General Electric
HQ
Houston, US
Founded
1987
Size (employees)
65,000 (est)+104%
Website
bhge.com
Baker Hughes was founded in 1987 and is headquartered in Houston, US
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Key People/Management at Baker Hughes

Martin Craighead

Martin Craighead

Chairman and Chief Executive Officer
Richard Williams

Richard Williams

Senior Advisor, Executive Leadership Team
Art Soucy

Art Soucy

President, Products and Technology
William Marsh

William Marsh

Chief Legal Officer
Derek Mathieson

Derek Mathieson

Chief Marketing and Technology Officer
Belgacem Chariag

Belgacem Chariag

Chief Global Operations Officer
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Baker Hughes Office Locations

Baker Hughes has offices in Beijing, Dubai, Kuala Lumpur, Boston and in 12 other locations
Houston, US (HQ)
17021 Aldine Westfield Rd
Boston, US
33-41 Farnsworth Street
Denver, US
717 17th St, Suite 2000
Cairo, EG
Ain El Sokhna Rd
Moscow, RU
Leningradsky Prsp 31a Build 1
Dhahran, SA
University Blvd
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Baker Hughes Financials and Metrics

Baker Hughes Financials

Baker Hughes's revenue was reported to be $9.84 b in FY, 2016 which is a 37.5% decrease from the previous period.
USD

Revenue (Q1, 2018)

5.4 b

Gross profit (Q1, 2018)

2.6 b

Gross profit margin (Q1, 2018), %

48.1%

Net income (Q1, 2018)

(143 m)

EBIT (Q1, 2018)

(41 m)

Market capitalization (14-Jun-2018)

37.5 b

Closing share price (14-Jun-2018)

33.7
Baker Hughes's current market capitalization is $37.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

22.4 b24.6 b15.7 b9.8 b

Revenue growth, %

10%(36%)(37%)

Cost of goods sold

5.9 b6.3 b4.9 b3.7 b

Gross profit

16.4 b18.3 b10.9 b6.1 b
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018

Revenue

2.4 b5.4 b5.4 b

Cost of goods sold

893 m2.6 b2.8 b

Gross profit

1.5 b2.8 b2.6 b

Gross profit Margin, %

63%52%48%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.4 b1.7 b2.3 b4.6 b

Accounts Receivable

Inventories

Current Assets

11.3 b12 b9.3 b9.2 b
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018

Cash

4.1 b4.8 b

Inventories

2 b5.3 b4.7 b

Current Assets

9.1 b16.7 b17.2 b

Goodwill

4.1 b20.1 b20.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.1 b1.7 b(2 b)(2.7 b)

Inventories

(120 m)293 m

Accounts Payable

845 m(360 m)

Purchases of PP&E

(620 m)(698 m)
Quarterly
USDQ3, 2017Q1, 2018

Net Income

(163 m)(143 m)

Depreciation and Amortization

716 m388 m

Inventories

162 m(134 m)

Accounts Payable

98 m114 m
USDY, 2018

Financial Leverage

1.4 x
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Baker Hughes Online and Social Media Presence

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Baker Hughes News and Updates

U.S. drillers add oil rigs for fourth week in a row -Baker Hughes

June 15 (Reuters) - U.S. energy companies added one oil rig this week, the fourth consecutive week of increases, despite a 9 percent decline in crude prices over the past four weeks.

U.S. drillers add oil rigs for third week in a row -Baker Hughes

June 8 (Reuters) - U.S. energy companies added oil rigs for a third week in a row even though crude prices have declined about 8 percent over the past three weeks.

U.S. drillers add oil rigs for second week in a row -Baker Hughes

June 1 (Reuters) - U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do not expect any big changes in the rig count for the rest of the year.

UPDATE 1-U.S. drillers add most rigs in week and month since Feb -Baker Hughes

May 25 (Reuters) - U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at their highest since late 2014.

U.S. drillers add most rigs in week and month since Feb -Baker Hughes

May 25 (Reuters) - U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at their highest since late 2014.

UPDATE 1-U.S. oil rig count holds steady after six weeks of gains -Baker Hughes

May 18 (Reuters) - The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record amounts of oil, especially from shale.
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