2014 Financial 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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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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08/08/14Baker 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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07/17/14Baker Hughes Announces Second Quarter Results
- Record revenue of $5.9 billion for the quarter, up 8% year over year - Adjusted profit before tax from operations of $778 million, up 15% sequentially - Repurchase of $200 million of shares during the quarter HOUSTON, July 17, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the second quarter of 2014 are as follows: Q2 2014 Q2 2013 Q1 2014 Revenue (millions) $ 5,935 $ ... 
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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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04/24/14Baker Hughes Declares Quarterly Dividend
HOUSTON, April 24, 2014 /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 $0.15 per share of common stock payable May 16, 2014, to holders of record on May 5, 2014. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 59,000-plus e... 
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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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04/17/14Baker Hughes Announces First Quarter Results
-Revenue of $5.7 billion for the quarter, up 10% year over year -Adjusted net income of $0.84 per share for the quarter, up 29% year over year -Repurchase of $200 million of shares during the quarter HOUSTON, April 17, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2014 are as follows: Q1 2014 Q1 2013 Q4 2013 Revenue (millions) $ 5,731 $ 5,230 ... 
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03/13/14Baker Hughes to Present at Howard Weil Energy Conference
HOUSTON, March 13, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that its Chairman and Chief Executive Officer, Martin Craighead, will present at the Howard Weil Energy Conference in New Orleans on Tuesday, March 25, 2014, at 9:00 a.m. Eastern time. The presentation materials will be available for viewing on the "Events & Presentations" page of our website at: www.bakerhughes.com/investor when the presentation begins. Baker Hughes is a leading supplier of ... 
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01/24/14Baker Hughes Announces First Quarter 2014 Conference Call
HOUSTON, Jan. 24, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, April 17, 2014, to discuss results for the first quarter 2014, ending March 31, 2014. The call will begin at 9 a.m. Eastern time.  The results are expected to be released on Thursday, April 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 wil... 
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01/23/14Baker Hughes Declares Quarterly Dividend
HOUSTON, Jan. 23, 2014 /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 $0.15 per share of common stock payable February 14, 2014, to holders of record on February 3, 2014. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 59,000... 
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01/21/14Baker Hughes Announces Fourth Quarter and Annual Results
-Record revenue of $5.9 billion for the quarter and $22.4 billion for the year -Adjusted net income of $0.62 per diluted share for the quarter including costs of $0.18 per diluted share related to Iraq -Record free cash flow of $1.5 billion generated during 2013 -Repurchased $350 million of shares during the quarter HOUSTON, Jan. 21, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the fourth quarter of 2013 are as follows: ... 
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01/10/14Baker Hughes Provides Operational Update for the Fourth Quarter of 2013, Repurchases $350 Million in the Company's Common Stock
HOUSTON, Jan. 10, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) provides the following update for the fourth quarter of 2013: Following the disruption to its business in Iraq during the fourth quarter, Baker Hughes resumed operations by the end of December. Due to the lost revenue related to this event, expenses associated with personnel movements and security measures, and other nonrecurring items, the pretax and after-tax profit impact from the disruption in Iraq during the fo... 
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