713.439.8600

Baker Hughes Incorporated
17021 Aldine Westfield
Houston, Texas 77073

Alondra Oteyza

Director, Investor Relations

713.439.8822

2017 Trade News

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DateTitle 
03/14/17Baker Hughes Announces the Industry’s First Adaptive Drill Bit
TerrAdapt bit adjusts to downhole conditions autonomously to enable smoother, faster drilling and extend tool life HOUSTON--(BUSINESS WIRE)--Mar. 14, 2017-- Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With the industry’s first ... 
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02/09/17Saudi Aramco and Baker Hughes Introduce Innovative Cable-Deployed ESP System
TransCoil rigless-deployed ESP expands the operating envelope and improves reliability vs. existing alternative deployment systems HOUSTON--(BUSINESS WIRE)--Feb. 9, 2017-- Saudi Aramco and Baker Hughes (NYSE:BHI) announced today the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on production faster and lower the costs associated with installing and ... 
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01/26/17Baker Hughes Announces Fourth Quarter and Annual Results
Revenue of $2.4 billion for the quarter, up 2% sequentially. Full-year revenue was $9.8 billion GAAP net loss attributable to Baker Hughes of $417 million for the quarter includes the negative impact of $291 million of adjusting items and $107 million of income taxes Adjusted EBITDA (non-GAAP measure) was $266 million for the quarter and $493 million for the year Cash flows from operati... 
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