2015 Corporate 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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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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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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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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