2015 News

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04/21/15Baker Hughes Announces First Quarter Results
- 20% decline in revenue compared to the first quarter of 2014 attributed to unfavorable market conditions. - GAAP net loss per diluted share of $1.35 for the quarter includes $557 million, or $1.28 per diluted share in adjustments for restructuring charges, inventory adjustments, and merger-related costs, and $133 million, or $0.30 per share, for other significant market-driven charges. - More than $700 million in estimated annualized savings as a result of actions initiated during the qu... 
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04/09/15Baker Hughes Announces Suspension of the Well Count
HOUSTON, April 9, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that effective immediately it has suspended the quarterly publication of the U.S. onshore well count. In response to the recent market downturn and internal initiatives to reduce costs, the company has prioritized its resources to support the ongoing publication of the weekly North America and monthly International rig counts, which continue to provide a timely and relevant snapshot of evolving market con... 
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04/08/15Baker Hughes Announces March 2015 Rig Counts
HOUSTON, April 8, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for March 2015 was 1,251, down 24 from the 1,275 counted in February 2015, and down 94 from the 1,345 counted in March 2014. The international offshore rig count for March 2015 was 316, down 8 from the 324 counted in February 2015, and down 18 from the 334 counted in March 2014. The average U.S. rig count for March 2015 was 1,110, down 238 from the 1,348 counted in Feb... 
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03/27/15Baker Hughes Announces First Quarter 2015 Earnings Release Date
HOUSTON, March 27, 2015 /PRNewswire/ -- As announced on November 17, 2014, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL) entered into a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction.  The transaction was approved by stockholders of both companies today, and is expected to close late in the second half of 2015, pending regulatory approvals.      As a result of today's shareholder a... 
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03/27/15Halliburton and Baker Hughes Announce Approval of Transaction by Stockholders of Both Companies
HOUSTON--(BUSINESS WIRE)--Mar. 27, 2015-- Halliburton Company (NYSE:HAL) today announced that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated (NYSE: BHI). In addition, Baker Hughes today announced that its stockholders adopted the merger agreement and thereby approved the proposed combination of the two companies. Each company’s special ... 
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03/06/15Baker Hughes Announces February 2015 Rig Counts
HOUSTON, March 6, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2015 was 1,275, up 17 from the 1,258 counted in January 2015, and down 66 from the 1,341 counted in February 2014. The international offshore rig count for February 2015 was 324, up 10 from the 314 counted in January 2015, and up 6 from the 318 counted in February 2014.  The average U.S. rig count for February 2015 was 1,348, down 335 from the 1,683 counte... 
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02/17/15Halliburton and Baker Hughes Announce Meeting Date and Record Date for Special Meetings
HOUSTON--(BUSINESS WIRE)--Feb. 17, 2015-- Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that each company will hold a special meeting of stockholders on March 27, 2015, at 9:00 AM Central Time, in connection with Halliburton’s pending acquisition of Baker Hughes. Halliburton’s special meeting will be held at Halliburton’s offices at 3000 North Sam Houston Parkway East, Life Center Auditorium, Houston, Texas 770... 
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02/10/15Halliburton and Baker Hughes Receive Expected Requests for Additional Information from DOJ
HOUSTON--(BUSINESS WIRE)--Feb. 10, 2015-- Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that, as expected, the companies have each received a request for additional information (“second requests”) from the United States Department of Justice (“DOJ”) in connection with Halliburton’s pending acquisition of Baker Hughes. The second requests were issued under the notification requirements of the Hart-Scott-Rodino A... 
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02/06/15Baker Hughes Announces January 2015 Rig Counts
HOUSTON, Feb. 6, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in December 2014, and down 67 from the 1,325 counted in January 2014. The international offshore rig count for January 2015 was 314, down 24 from the 338 counted in December 2014, and up 12 from the 302 counted in January 2014.  The average U.S. rig count for January 2015 was 1,683, down 199 from the 1,882 count... 
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01/22/15Baker Hughes Declares Quarterly Dividend
HOUSTON, Jan. 22, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer, Martin S. Craighead, announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable March 25, 2015, to holders of record on March 4, 2015. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 62,000 emp... 
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01/20/15Baker Hughes Announces Fourth Quarter and Annual Results
- Record revenue of $6.6 billion for the quarter and $24.6 billion for the year - Record adjusted earnings per share of $1.44 for the quarter, up 41% sequentially - GAAP earnings per share of $1.52 for the quarter, an increase of 77% sequentially - Record free cash flow of $1.6 billion generated during 2014 HOUSTON, Jan. 20, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the fourth quarter of 2014. Martin Craighead, Baker Hughes Chairman a... 
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01/09/15Baker Hughes Announces Fourth Quarter 2014 Well Count
- Well count increases 5.1% compared to the fourth quarter 2013 HOUSTON, Jan. 9, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the U.S. onshore well count for the fourth quarter 2014 was 9,544 wells, relatively unchanged compared to the third quarter 2014.  Compared to the fourth quarter 2013, the well count was up 461 wells or 5%. Compared to the third quarter 2014, the well count increased most notably in the Cana Woodford (up 22 wells or 27%), Utica (... 
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01/09/15Baker Hughes Announces December 2014 Rig Counts
HOUSTON, Jan. 9, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2014 was 1,313, down 11 from the 1,324 counted in November 2014, and down 22 from the 1,335 counted in December 2013. The international offshore rig count for December 2014 was 338, down 3 from the 341 counted in November 2014, and up 32 from the 306 counted in December 2013.  The average U.S. rig count for December 2014 was 1,882, down 43 from the 1,925 co... 
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