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Baker Hughes Incorporated
Stock Symbol: BHI
3900 Essex Lane Ste 1200
Houston, TX 77027
713-439-8600 (phone)
713-439-8699 (fax)
Website: Baker Hughes
Industry: Oil Well Services & Equipment
Index Membership: S&P 100; S&P 500; S&P 1500 Super Comp
Baker Hughes Description:
Baker Hughes Incorporated supplies products and technology services, and systems to the oil and natural gas industries worldwide. It operates in two segments, Drilling and Evaluation and Completion and Production. The Drilling and Evaluation segment provides products and services used to drill and evaluate oil and natural gas wells. The Completion and Production segment provides wellbore construction, cased-hole completions, sand control and wellbore intervention solutions. Baker Hughes offers its products primarily through its sales organizations, as well as through supply stores, independent distributors, agents, licensees, or sales representatives. The company was founded in 1972 and is headquartered in Houston, Texas. Baker Hughes employs approximately 36,000 people.
Baker Hughes Financial Summary:
Baker Hughes Incorporated (NYSE: BHI; EBS) today announced that net income for the third quarter 2007 was $389.1 million or $1.22 per diluted share compared to $358.6 million or $1.09 per diluted share for the third quarter 2006 and $349.6 million or $1.09 per diluted share for the second quarter 2007. Revenue for the third quarter 2007 was $2,677.6 million, up 16% compared to $2,309.4 million for the third quarter 2006 and up 6% compared to $2,537.5 million for the second quarter 2007.
Baker Hughes Business Summary:
Baker Hughes provides the worldwide oil and natural gas industry products and services for drilling, formation evaluation, completion and production. We create value for oil and gas producers by providing practical and reliable technology to find, develop, produce and manage oil and gas reservoirs. Baker Hughes operates in over 90 countries worldwide providing products and services to international oil companies, independent oil and gas companies and national oil companies.
Baker Hughes is the only major oilfield service company structured around strong product-line divisions that are focused on Best-in-Class products and services. Our divisions are organized in two segments, which share common opportunities in developing and delivering technology solutions during distinct phases of oil and gas development.
