Baker Hughes
| Baker Hughes, a GE Company | |
|---|---|
| legal form |
Corporation Public Company (USA) |
| ISIN | US05722G1004 |
| founding | 1987 (through merger), 2017 takeover by General Electric |
| Seat | Houston , United States |
| management | Lorenzo Simonelli, (President and CEO ) |
| Number of employees | 43,000 |
| sales | 15.7 billion US dollars |
| Branch | Petroleum service |
| Website | www.bhge.com |
| As of December 2015 | |
Baker Hughes is one of the leading petroleum service companies in the world. The company was formed in 1987 from the merger of Baker International Corporation and Hughes Tool Company . The company's headquarters are in Houston / Texas ( USA ). Larger offices are located in Aberdeen ( UK ), Singapore , Dubai ( UAE ), Celle ( Germany ) and Lafayette ( USA ). Baker Hughes is included in the S&P 500 stock index .
history
The founding of Baker International in 1907 by Reuben C. Baker laid the foundation for the company's history. The Hughes Tool Company emerges from the Sharp-Hughes Tool Company founded in 1909 by Walter B. Sharp and Howard Robard Hughes Sr. These two companies merged in 1987 to become Baker Hughes Incorporated. Before and after this merger, Baker Hughes bought a large number of other companies in the petroleum service industry, thereby significantly expanding its product portfolio.
On November 17, 2014, it was announced that Halliburton plans to take over smaller rival Baker Hughes. Talks about a merger were announced the week before. The price is said to be about $ 35 billion (about 28 billion euros). Halliburton is offering shareholders 1.12 of its own shares and $ 19 in cash for each Baker share.
The US Antitrust Office made this merger difficult because of monopoly formation in some areas. Ultimately, on April 30, 2016, the boards of directors of Baker Hughes and Halliburton agreed that each would remain independent. Halliburton had to pay Baker Hughes $ 3.5 billion in damages.
In late October 2016, Baker Hughes announced that it would merge the company with General Electric's oil and gas business . The merger was implemented in mid-2017. GE holds 62.5% of the new company. Since then, the company has operated as BakerHughes, a GE Company (BHGE).
Divisions
Baker Hughes is divided into the following segments:
- Reservoir Development Services
- Subsurface Integrity & Evaluation
- Gaffney, Cline & Associates
- Reservoir software
- Integrated Operations
- Well execution
- Field management
- Management system
- Triplet
- Drill bits
- Drilling Services
- Drilling fluids
- Evaluation
- Openhole Wireline Systems
- Cased Hole Wireline Systems
- Borehole Seismic Services
- Coring Services
- Surface Logging Services
- Completions
- Well completions
- Wellbore Construction
- Wellbore intervention
- Production
- Artificial lift
- Intelligent Production Systems
- Fluid additives
- Upstream Chemicals
- Pressure pumping
- Hydraulic fracturing
- Cementing Services
- Coiled tubing services
- Acidizing Services
- Sand Control Pumping Services
- Tubular Services
- Casing and Tubing Running Services
- Completion Assembly Services
- Hammer Services
- Rigless intervention system
- Downstream Services
- Pipeline services
- Refining and Petrochemical
- Specialty Chemicals
- Agriculture
- Specialty Polymers
- TotalDepth Education Services
Web links
Individual evidence
- ↑ [1]
- ↑ a b Form 10-K 2015
- ^ Baker Hughes Incorporated History
- ↑ FAZ.net from November 17, 2014: Halliburton wants to swallow Baker Hughes ( Memento from December 24, 2014 in the Internet Archive )
- ↑ Halliburton deal with Baker Hughes canceled. (No longer available online.) In: Celler Presse . May 2, 2016, archived from the original on May 26, 2016 ; accessed on May 26, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ GE merges oil and gas business with Baker Hughes . In: manager magazin . October 31, 2016 ( manager-magazin.de ).
