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What does Baker Hughes company do?

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What does Baker Hughes company do?

Baker Hughes, Inc. supplies oilfield services, products, technology, and systems to the worldwide oil and natural gas industry. It provide products and services for other businesses including downstream chemicals, and process and pipeline services.

How much of Baker Hughes does GE own?

General Electric Discloses It Now Owns About 25\% of Baker Hughes Stock. General Electric discloses in a filing that its share of Baker Hughes stock has dropped to 25.7\%, or 267.75 million shares.

What is interesting Baker Hughes?

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. By being the service company that best anticipates, understands and exceeds our customers’ expectations, Baker Hughes Advances Reservoir Performance.

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Who bought Baker Hughes?

General Electric
General Electric bought Baker Hughes in a $32 billion deal that closed in July 2017, merging the Houston company with GE Oil & Gas.

Is Baker Hughes still in business?

The company was originally known as Baker Hughes Incorporated until 2017 when it was merged with GE Oil and Gas to become Baker Hughes, a GE Company (BHGE), then in 2019 the company divested from General Electric and became Baker Hughes Company….Baker Hughes.

Type Public company
Website bakerhughes.com
Footnotes / references

Who is the parent company of Baker Hughes?

General ElectricBaker Hughes / Owner

Is Baker Hughes still part of GE?

General Electric plans to sell off its remaining ownership stake in Houston oil-field services company Baker Hughes over the next three years, the Boston industrial conglomerate said Wednesday. GE, which lost $2.2 billion dollars in the second quarter, still owns 36.6 percent of Baker Hughes, which it bought in 2017.

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Is Baker Hughes a drilling company?

Baker Hughes Company is an American international industrial service company and one of the world’s largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

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