713.439.8600

Baker Hughes Incorporated
17021 Aldine Westfield
Houston, Texas 77073

Alondra Oteyza

Director, Investor Relations

713.439.8822

2016 News

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12/07/16Baker Hughes Announces November 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Dec. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015. The average U.S. rig count for No... 
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11/29/16Baker Hughes, CSL Capital Management and Goldman Sachs’ Merchant Banking Division Agree to Form North American Land Pressure Pumping Company
Privately-held new company will provide hydraulic fracturing and cementing services and technology for the North American land market New company will have a strong balance sheet as a result of a $175 million cash contribution from CSL Capital Management and Goldman Sachs’ Merchant Banking Division and a debt-free structure New company will be led by an experienced management team and governed by a seasoned boa... 
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11/10/16Baker Hughes Announces Investor Meeting
HOUSTON--(BUSINESS WIRE)--Nov. 10, 2016-- Baker Hughes Incorporated (NYSE: BHI) announced today that leaders from Baker Hughes and GE Oil & Gas will host an investor meeting in New York City on Thursday, December 8, 2016. The meeting will begin at 9:00 a.m. Eastern time (8:00 a.m. Central time) and will be available for the public to view via a live webcast. The webcast will broadcast live on our website (www.bakerhughes.com/investor) ... 
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11/07/16Overview of GE Oil & Gas, Historical Financial Details and Supplemental Information on the Proposed Baker Hughes and GE Oil and Gas Transaction Made Available on Baker Hughes’ Investor Website
HOUSTON--(BUSINESS WIRE)--Nov. 7, 2016-- Baker Hughes (NYSE: BHI) today announced that it has posted a link on its investor website (www.bakerhughes.com/investor) to supplemental material provided by General Electric Company (NYSE: GE) regarding the previously announced agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment ... 
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11/07/16Baker Hughes Announces October 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Nov. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015. The international offshore rig count for October 2016 was 200, down 21 from the 221 counted in September 2016, and down 70 from the 270 counted in October 2015. The average U.S. rig count f... 
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10/31/16GE and Baker Hughes Agree to Create New Fullstream Digital Industrial Services Company
"New" Baker Hughes, a GE Company, will be a leader in oil and gas productivity Highly complementary transaction combines GE's oil and gas technology, manufacturing and digital platform with Baker Hughes' oilfield services offerings and technologies Combination creates an unparalleled company positioned to deliver value for customers and investors GE to own 62.5% and Baker Hughes sharehold... 
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10/30/16Baker Hughes and GE to Host Investor Webcast Monday October 31 at 8:30 AM ET
HOUSTON--(BUSINESS WIRE)--Oct. 30, 2016-- Baker Hughes (NYSE:BHI) and General Electric will host an Investor webcast at. 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on October 31, 2016. The webcast and accompanying slides can be accessed on our investor website www.bakerhughes.com/investor prior to the call. A replay of the webcast will be available on the company’s website after the call. Baker Hughes is a leading supplier of oilfield... 
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10/26/16Baker Hughes Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--Oct. 26, 2016-- 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 November 18, 2016 to holders of record on November 7, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worl... 
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10/25/16Baker Hughes Announces Third Quarter Results
Revenue of $2.4 billion for the quarter, down 2% sequentially and 38% year-over-year Operating losses were $321 million for the quarter, a sequential improvement of $249 million, or 44% GAAP net loss per share of $1.00 for the quarter includes $0.85 per share of adjusting items Cash flows from operating activities were $119 million for the quarter HOUSTON--(BUSINESS W... 
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10/07/16Baker Hughes Announces September 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Oct. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015. The average U.S. rig count fo... 
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09/21/16Baker Hughes Announces Date for Third Quarter 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Sep. 21, 2016-- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its third quarter financial results on Tuesday, October 25, 2016, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The conference call will broadcast live via a webcast that can be accessed... 
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09/08/16Baker Hughes Announces August 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Sep. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015. The average U.S. rig count for August 2016 was ... 
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08/18/16Baker Hughes’ Chairman and CEO to Present at 2016 Barclays CEO Energy-Power Conference
HOUSTON--(BUSINESS WIRE)--Aug. 18, 2016-- Baker Hughes Incorporated (NYSE: BHI) announced today that the Company’s Chairman and Chief Executive Officer Martin Craighead will present at the Barclays CEO Energy-Power Conference on Wednesday, September 7, 2016, at 10:25 a.m. Eastern time. If you would like to listen to the presentation and view the presentation materials during the conference, please log onto the "Events & Presentations" ... 
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08/05/16Baker Hughes Announces July 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Aug. 5, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2016 was 938, up 11 from the 927 counted in June 2016, and down 180 from the 1,118 counted in July 2015. The international offshore rig count for July 2016 was 226, up 3 from the 223 counted in June 2016, and down 38 from the 264 counted in July 2015. The average U.S. rig count for July 2016 was 449, up 32... 
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07/28/16Baker Hughes Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--Jul. 28, 2016-- 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 August 19, 2016 to holders of record on August 8, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwid... 
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07/28/16Baker Hughes Announces Second Quarter Results
Revenue of $2.4 billion for the quarter, down 10% sequentially and 39% year-over-year GAAP net loss per share of $2.08 for the quarter, includes $1.18 per share of adjusting items Cash flows from operating activities were $3.6 billion for the quarter Bond purchases of $1 billion face value and share repurchases of $500 million during the quarter HOUSTON--(BUSINESS WIR... 
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07/08/16Baker Hughes Announces June 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Jul. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015. The average U.S. rig count for June 2016 was 417, up 9... 
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06/24/16Baker Hughes Announces Date for Second Quarter 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jun. 24, 2016-- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its second quarter financial results on Thursday, July 28, 2016, at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:00 a.m. Eastern Time (7:00 a.m. Central Time). The conference call will broadcast live via a webcast that can be accessed ... 
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06/09/16Baker Hughes Announces Pricing Terms of Tender Offer for Certain Outstanding Debt Securities
HOUSTON--(BUSINESS WIRE)--Jun. 9, 2016-- Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today the pricing terms of its previously announced cash tender offer (the “Tender Offer”) for up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debentures due 2024, 6.875% Notes due 2029 and 5.125... 
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06/09/16Baker Hughes Announces Early Results of Tender Offer for Certain Outstanding Debt Securities
HOUSTON--(BUSINESS WIRE)--Jun. 9, 2016-- Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today that, pursuant to its previously announced cash tender offer (the “Tender Offer”) for up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debentures due 2024, 6.875% Notes due 2029 and 5.125% ... 
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06/07/16Baker Hughes Announces May 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Jun. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015. The average U.S. rig count for May 2016 was 408, down 29 from the ... 
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05/25/16Baker Hughes Announces Organizational and Leadership Changes
Changes align with plans to build on company’s strength as a product innovator Simplified structure achieves cost efficiencies, supports enhanced commercial strategy and allows the company to better serve customers HOUSTON, May 25, 2016 (GLOBE NEWSWIRE) -- Baker Hughes Incorporated (BHI:NYSE) announced today changes to its organizational structure and senior leadership team. The changes follow the company’s May 2 announcement of its plans to capitalize on its leadership position as ... 
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05/25/16Baker Hughes Announces Tender Offers for Certain Outstanding Debt Securities
HOUSTON, May 25, 2016 (GLOBE NEWSWIRE) -- Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today that it has commenced a tender offer (the “Tender Offer”) to purchase for cash up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debentures due 2024, 6.875% Notes due 2029 and 5.125% Senior Notes due 2040 (collectively, the “Notes... 
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05/06/16Baker Hughes Announces April 2016 Rig Counts
HOUSTON , May 6, 2016 /PRNewswire/ --  Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016 , and down 256 from the 1,202 counted in April 2015 . The international offshore rig count for April 2016 was 220, up 9 from the 211 counted in March 2016 , and down 80 from the 300 counted in April 2015 . The average U.S. rig count for April 2016 ... 
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05/02/16Baker Hughes outlines path for the future
- To reduce costs by simplifying its organization and rationalizing its operational footprint - Commercial strategy focused on its core strengths in product innovation, while building broader channels for its technology and products - Announces plans to buy back $1.5 billion of shares and $1 billion of debt with $3.5 billion merger breakup fee - Chairman and CEO Martin Craighead and Chief Financial Officer Kimberly Ross to provide more details on Tuesday, May 3 at 7 a.m. Central Tim... 
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05/01/16Halliburton and Baker Hughes Announce Termination of Merger Agreement
HOUSTON--(BUSINESS WIRE)--May 1, 2016-- Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) today announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160501005039/en/ “While both companies expected the proposed merger to result in compelling ... 
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04/27/16Baker Hughes Announces First Quarter Results
- Revenue of $2.7 billion for the quarter, down 21% sequentially and 42% year-over-year - Sequential and year-over-year decremental operating margins for the quarter were 28% and 13%, respectively - GAAP net loss per share of $2.22 for the quarter includes $1.14 per share of tax valuation allowances and $0.64 per share of adjusting items - Operating results include costs in excess of 500 bps, in excess of $0.25 per share, retained in compliance with the merger agreement HOUSTON, Ap... 
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04/18/16Baker Hughes Declares Quarterly Dividend
HOUSTON, April 18, 2016 /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 June 22, 2016 to holders of record on June 1, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 39,000 employe... 
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04/07/16Baker Hughes Announces March 2016 Rig Counts
HOUSTON, April 07, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2016 was 985, down 33 from the 1,018 counted in February 2016, and down 266 from the 1,251 counted in March 2015. The international offshore rig count for March 2016 was 211, down 14 from the 225 counted in February 2016, and down 105 from the 316 counted in March 2015. The average U.S. rig count for March 2016 was 478, down 54 from the 532 counted in Februar... 
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04/06/16Halliburton and Baker Hughes to Contest Justice Department Action
HOUSTON--(BUSINESS WIRE)--Apr. 6, 2016-- Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) today announced that the companies intend to vigorously contest the U.S. Department of Justice's (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, especially in the context of the challenges the U.S.... 
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03/29/16Baker Hughes Announces First Quarter 2016 Earnings Release Date
HOUSTON, March 29, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the first quarter of 2016 before the market opens on Wednesday, April 27, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 43,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and proces... 
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03/09/16Baker Hughes Becomes First Oilfield Service Company to Enroll in the Regional Operational Integrity Program and Recognize its GoM Region
Baker Hughes and WPAG helped develop and pilot the new program, which drives consistency, service quality and risk mitigation across operations HOUSTON, March 9, 2016 /PRNewswire/ -- Baker Hughes announced today that it is the first service company to have enrolled in the new Regional Operational Integrity Program™ (ROIP) for the petroleum and natural gas industry and to receive Gold Recognition for its Gulf of Mexico (GoM) Center of Excellence from the Wollam Petroleum Advisory Group ... 
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03/07/16Baker Hughes Announces February 2016 Rig Counts
HOUSTON, March 7, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2016 was 1,018, down 27 from the 1,045 counted in January 2016, and down 257 from the 1,275 counted in February 2015. The international offshore rig count for February 2016 was 225, down 17 from the 242 counted in January 2016, and down 99 from the 324 counted in February 2015. The average U.S. rig count for February 2016 was 532, down 122 from the 654 coun... 
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02/05/16Baker Hughes Announces January 2016 Rig Counts
HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015. The average U.S. rig count for January 2016 was 654, down 60 from the 714 counted in... 
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01/28/16Baker Hughes Declares Quarterly Dividend
HOUSTON, Jan. 28, 2016 /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 23, 2016 to holders of record on March 2, 2016. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 43,000 employ... 
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01/28/16Baker Hughes Announces Fourth Quarter and Annual Results
- Revenue of $3.4 billion for the quarter and $15.7 billion for the year - Sequential and year-over-year decremental operating margins for the quarter were 33% and 32%, respectively - GAAP net loss per share of $2.35 for the quarter, includes $2.14 per share of impairment and restructuring charges and merger-related costs - Free cash flow up 25% sequentially to $436 million for the quarter, and $1.2 billion for the year HOUSTON, Jan. 28, 2016 /PRNewswire/ -- Baker Hughes Incorporat... 
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01/12/16Halliburton and Baker Hughes Respond to European Commission Action
HOUSTON--(BUSINESS WIRE)--Jan. 12, 2016-- Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today noted the decision by the European Commission (the “Commission”) to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160112006384/en/ This decision is a normal step in the Commission's... 
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01/08/16Baker Hughes Announces December 2015 Rig Counts
HOUSTON, Jan. 8, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250, down 9 from the 259 counted in November 2015, and down 88 from the 338 counted in December 2014. The average U.S. rig count for December 2015 was 714, down 46 from the 760 count... 
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01/05/16Baker Hughes Announces Fourth Quarter 2015 Earnings Release Date
HOUSTON, Jan. 5, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the fourth quarter and full year of 2015 before the market opens on Thursday, January 28, 2016.  Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 49,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, tra... 
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