2014 Corporate News

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10/16/14Baker Hughes Announces Third Quarter Results
- Record revenue of $6.25 billion for the quarter, up 5% sequentially - Record EBITDA of $1.12 billion, up 3% sequentially - Record free cash flow for the quarter of $725 million - Repurchase of $200 million of shares during the quarter HOUSTON, Oct. 16, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the third quarter of 2014 are as follows: Q3 2014 Q3 2013 Q2 2014 Revenue (millions) ... 
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10/02/14Baker Hughes Expands Commitment to Susan G. Komen
Company supports mission to end breast cancer forever HOUSTON, Oct. 2, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that for the second consecutive year, it will contribute USD 100,000 to support Susan G. Komen®, the world's leading breast cancer organization, in its efforts to end breast cancer forever. Martin Craighead, chairman and chief executive officer of Baker Hughes, will present a check to Nancy G. Brinker, chair of global strategy and founder of Susan... 
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09/08/14Baker Hughes Names Kimberly A. Ross Chief Financial Officer
HOUSTON, Sept. 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Kimberly A. Ross,  has been appointed Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc. She served as Executive Vice President and CFO of Royal Ahold N.V. from 2007 to 2011 and held various other finance positions at Royal Ahold from 2001 to 2007. Ross earned a Bachelor of Arts de... 
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09/04/14Baker Hughes and Aker Solutions Receive Regulatory Approvals for Subsea Production Alliance
HOUSTON, Sept. 4, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) and Aker Solutions (OSE: AKSO) announced today that they have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014.   Earlier this year, Baker Hughes and Aker Solutions agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines Aker Solutions' str... 
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09/02/14Baker Hughes Acquires Weatherford's Pipeline and Specialty Services Business
HOUSTON, Sept. 2, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) and Weatherford International plc (NYSE: WFT) today announced that they have closed the previously announced purchase and sale of Weatherford's pipeline and specialty services business. The acquisition provides Baker Hughes with an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide. The addition of over 700 process and pipeline specialists to Baker Hughes' Process and Pipelin... 
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08/22/14Baker Hughes' Chairman and CEO to Present at 2014 Barclays CEO Energy-Power Conference
HOUSTON, Aug. 22, 2014 /PRNewswire/ -- 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 3, 2014, at 9:45 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" page on our website at: www.bakerhughes.com/investor. If y... 
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08/08/14Baker Hughes Announces Third Quarter 2014 Conference Call
HOUSTON, Aug. 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, October 16, 2014, to discuss results for the third quarter 2014, ending September 30, 2014. The call will begin at 8:30 a.m. Eastern time.  The results are expected to be released before the market opens on Thursday, October 16, 2014. To access the call via a live webcast, please visit our website at:  www.bakerhughes.com/investor. The call will also... 
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06/10/14Baker Hughes Appoints New Members to Board of Directors
HOUSTON, June 10, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today the appointment of Greg Brenneman, chairman of CCMP Capital Advisors, LLC (CCMP Capital), and W.H. "Bill" Easter III, retired chairman, president, and chief executive officer of DCP Midstream, to its board of directors. Prior to his role as chairman, president, and CEO of DCP Midstream, Easter, age 64, served in several leadership, operating, and commercial roles at ConocoPhillips, including areas rel... 
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05/14/14Baker Hughes to Present at UBS Global Oil and Gas Conference
HOUSTON, May 14, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the Company's Senior Vice President and Chief Financial Officer, Peter A. Ragauss, will present at the UBS Global Oil and Gas Conference on Tuesday, May 20, 2014, at 9:05 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" page on our website at: www.bakerhughes.com/investor... 
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05/09/14Baker Hughes Declares Increase in Quarterly Dividend
HOUSTON, May 9, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable August 15, 2014, to holders of record on August 4, 2014. This represents a $0.02 or 13% increase per share over the previous quarter's dividend of $0.15 per share of common stock. "The increase to our dividend is a result of recent earnings growth, and reflects our commitment to deploy cap... 
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04/29/14Baker Hughes Announces 2014 Analyst Conference
HOUSTON, April 29, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it will hold its 2014 Analyst Conference in Tomball, Texas on Thursday, May 8 and Friday, May 9, 2014. Management presentations will be held on the morning of Friday, May 9, 2014 and will be available for the public to view via a live webcast starting at approximately 9:40 a.m. Eastern time. Management presentations will be completed at approximately 12:30 p.m. Eastern time, and will be immediately... 
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04/23/14Baker Hughes Announces Second Quarter 2014 Conference Call
HOUSTON, April 23, 2014  /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, July 17, 2014, to discuss results for the second quarter 2014, ending June 30, 2014. The call will begin at 8:30 a.m. Eastern time.  The results are expected to be released on Thursday, July 17, 2014, before the market opens. To access the call via a live webcast, please visit our website at:  www.bakerhughes.com/investor. The call will also be av... 
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04/22/14Baker Hughes and Aker Solutions Form Subsea Production Alliance
HOUSTON and OSLO, Norway, April 22, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) and Aker Solutions ASA (OSE:AKSO) have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions' strengths in subsea production and processing systems with Baker Hughes' expertise in well completions and artificial-lift technology to deliver re... 
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04/08/14Baker Hughes Acquires Software Technology Company
Acquisition strengthens real-time digital capabilities HOUSTON, April 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today the acquisition of Perfomix, Inc., a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performance. Perfomix will operate as a wholly-owned subsidiary of Baker Hughes and will be integrated into the company's remote operations services organization. Perfomix offers a data and ... 
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03/24/14Weatherford and Baker Hughes Announce Sale and Purchase of Pipeline and Specialty Services Business
HOUSTON, March 24, 2014 /PRNewswire/ -- Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) and Baker Hughes Incorporated (NYSE: BHI) announce today that they have signed an agreement for the sale of Weatherford's pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. The sale is part of Weatherford's previously announced plan to divest its non-cor... 
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