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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

32.72USD
22 Jun 2018
Change (% chg)

$0.40 (+1.24%)
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Latest Key Developments (Source: Significant Developments)

GE's Baker Hughes lays off workers in Schertz, Texas
Friday, 22 Jun 2018 

By Liz Hampton:The layoffs occurred on June 1, according to the filing.The company will close its gas processing facility in Schertz by the end of the year, a company spokeswoman said in a statement."The decision comes after a careful review of how best to adjust our operations to best align where future business and opportunity exists," the spokeswoman said..  Full Article

Snam Enters Into Agreement With Baker Hughes For Four Liquefaction Plants
Monday, 28 May 2018 

May 28 (Reuters) - Snam ::ENTERS INTO AGREEMENT WITH BAKER HUGHES FOR DEVELOPMENT OF MICRO-LIQUEFACTION PLANTS FOR SUSTAINABLE MOBILITY.WILL DETERMINE BY END OF 2018 THE FEASIBILITY OF THE FUTURE DEVELOPMENT OF FOUR SMALL-SCALE LIQUEFACTION PLANTS.POTENTIAL FUTURE INVESTMENT FOR THE FOUR PLANTS IS IN THE ORDER OF 50 TO 80 MILLION EUROS IN THE COMING YEARS.  Full Article

Baker Hughes A GE Co Board Elects Lorenzo Simonelli As Chairman
Monday, 14 May 2018 

May 14 (Reuters) - Baker Hughes A GE Co ::SAYS ON MAY 11, 2018, BOARD OF DIRECTORS ELECTED LORENZO SIMONELLI AS CHAIRMAN OF BOARD - SEC FILING.  Full Article

Baker Hughes, A GE Company Declares Quarterly Dividend
Friday, 11 May 2018 

May 11 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY DECLARES QUARTERLY DIVIDEND.BAKER HUGHES A GE CO - BHGE BOARD OF DIRECTORS DECLARED A CASH DIVIDEND OF $.18 PER SHARE OF CLASS A COMMON STOCK.BAKER HUGHES A GE CO - DIVIDEND WILL BE FUNDED BY DISTRIBUTION OF $.18 PER UNIT FROM BAKER HUGHES A GE COMPANY LLC TO ALL OF ITS MEMBERS, INCLUDING GE.  Full Article

W&T Offshore & Baker Hughes, A GE Company Announce Agreement
Monday, 30 Apr 2018 

April 30 (Reuters) - Baker Hughes A GE Co ::W&T OFFSHORE AND BAKER HUGHES, A GE COMPANY ANNOUNCE STRATEGIC AGREEMENT FOR JOINT EXPLORATION & DEVELOPMENT PROGRAM OF 14 DRILLING PROJECTS IN THE GULF OF MEXICO.BAKER HUGHES A GE CO - AS PART OF DEAL, CO WILL PROVIDE DRILLING AND EVALUATION, COMPLETIONS AND WELL INTERVENTION, PRESSURE PUMPING SERVICES.  Full Article

Chrysaor Announces Start Of New Drilling Campaign In Partnership With Baker Hughes
Friday, 27 Apr 2018 

April 27 (Reuters) - CHRYSAOR - :CHRYSAOR - ANNOUNCES START OF NEW DRILLING CAMPAIGN IN UK PORTFOLIOM NEW SERVICE PARTNERSHIP CONTRACT WITH BAKER HUGHES.CHRYSAOR - CHRYSAOR AS OPERATOR AND BHGE AS SERVICE PARTNER WILL SHARE IN RISKS AND REWARDS ASSOCIATED WITH BOTH THE OPERATION AND RESERVOIR OUTCOMES.  Full Article

Baker Hughes, A GE Co: Sees Offshore Activity Pickup Through 2018 - Conf Call
Friday, 20 Apr 2018 

April 20 (Reuters) - Baker Hughes, A Ge Co ::OFFSHORE MARKET SUBDUED IN Q1 BUT EXPECT ACTIVITY TO INCREASE THROUGH THE YEAR - CEO LORENZO SIMONELLI ON CONF CALL.EXPECT LNG DEMAND TO MORE THAN DOUBLE TO 500 MILLION TONS PER ANNUM BY 2030 - CEO ON CONF CALL.BAKER HUGHES -EXPECT TO SEE NORTH AMERICA COMPLETIONS TO IMPROVE IN Q2 - CFO BRIAN WORRELL ON CONF CALL.BAKER HUGHES - SEE OILFIELD EQUIPMENT BUSINESS TO CONTINUE TO BE CHALLENGED IN Q2 BUT EXPECT IMPROVEMENT IN SECOND HALF OF THIS YEAR - CFO.BAKER HUGHES - EXPECT VOLUME IN OILFIELD SERVICES BUSINESS TO IMPROVE THROUGH THE YEAR WITH "STRONG INCREMENTAL MARGINS" - CFO.BAKER HUGHES - AWARDED SUBSEA EQUIPMENT CONTRACT BY CHEVRON FOR PHASE II OF THE GORGON PROJECT IN OFFSHORE WESTERN AUSTRALIA - CONF CALL.BAKER HUGHES- EXPECTS BUSINESS IN INTERNATIONAL MARKET TO BE "RELATIVELY FLAT" THIS YEAR - CONF CALL.BAKER HUGHES CEO ON EXPECTED SEPARATION FROM GE - "THERE IS NOTHING ANTICIPATED FROM GE AT THIS STAGE" - CONF CALL.  Full Article

GE Says Q4 BHGE Rev Up 69 Pct On Reported Basis To $5.8 Bln
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - GE::SAYS QTRLY BHGE ORDERS WERE $5.8 BILLION, DOWN 9 PERCENT ORGANICALLY; QTRLY BHGE REVENUE $5.8 BILLION, UP 69 PERCENT ON REPORTED BASIS.  Full Article

Baker Hughes, A GE Co, Reports GAAP Net Loss Per Share Of $0.07 For Q4
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES FOURTH QUARTER AND TOTAL YEAR 2017 RESULTS.QTRLY ‍ADJUSTED EARNINGS PER SHARE WERE $0.15​.GAAP NET LOSS PER SHARE OF $0.07 FOR QUARTER.IN OILFIELD EQUIPMENT SEGMENT, SUBSEA MARKET REMAINS "CHALLENGING" WITH LOW ACTIVITY LEVELS AND PRICING CHALLENGES.IN OILFIELD EQUIPMENT SEGMENT, EXPECT TREE AWARDS TO CONTINUE TO GROW IN 2018, THOUGH AT A SLOWER RATE THAN IN 2017.IN OILFIELD EQUIPMENT SEGMENT, ‍CONTINUE TO EXPECT OFFSHORE ACTIVITY TO BE MUTED IN SHORT TERM​.EXPECT ACTIVITY IN LNG SPACE TO INCREASE AS CUSTOMERS POSITION TO MAKE NEW CAPACITY AVAILABLE IN 2022 AND BEYOND.OVERALL, CONTINUE TO SEE IMPROVEMENT IN ACTIVITY AS EARLY INDICATIONS OF CUSTOMER CAPITAL SPENDING IN 2018 ARE "ENCOURAGING".SUBSEA MARKET CONTINUES TO BE CHALLENGING AND ACTIVITY REMAINS LOW, WITH PRICES CONTINUING TO BE PRESSURED.IN TURBOMACHINERY & PROCESS SOLUTIONS SEGMENT, ON-OFFSHORE PRODUCTION DRIVEN DEMAND IS IMPROVING.‍BACKLOG GREW IN Q4, WHICH ENDED AT $21.0 BILLION, AN INCREASE OF $0.1 BILLION OR 1% FROM Q3 OF 2017​.INTERNATIONAL ACTIVITY IS STABILIZING, SEEING SIGNS OF ACTIVITY INCREASE BOTH IN VOLUME AND SIZE OF TENDERS FOR NEW WORK.‍INCLUDED IN TAX EXPENSE FOR QUARTER, IS A $132 MILLION BENEFIT RELATED TO RECENT UNITED STATES TAX REFORM​.IN OILFIELD SERVICES SEGMENT, ALL PRODUCT LINES GREW IN NORTH AMERICA IN QUARTER, DESPITE RIG COUNT BEING DOWN VERSUS Q3.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Maximum Tender Offers By unit
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF MAXIMUM TENDER OFFERS BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - MAXIMUM TENDER OFFERS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON JAN 2, 2018.BAKER HUGHES A GE CO - PRICED TENDER OFFER BY UNIT TO PURCHASE UP TO $175 MILLION 8.550% DEBENTURES DUE 2024 & 6.875% NOTES DUE 2029.  Full Article

UPDATE 14-Oil jumps as OPEC agrees to modest output hikes

* Brent premium over US crude at smallest since May 11 (Adds hedge fund and money manager positions, adds post-settlement trade)