713.439.8600

Baker Hughes Incorporated
17021 Aldine Westfield
Houston, Texas 77073

Alondra Oteyza

Director, Investor Relations

713.439.8822

2016 Corporate News

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DateTitle 
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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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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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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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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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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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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04/06/16Halliburton 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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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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01/05/16Baker 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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