Last $69.45 USD
Change Today -0.19 / -0.27%
Volume 2.7M
BHI On Other Exchanges
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

baker hughes inc (BHI) Snapshot

Open
$69.97
Previous Close
$69.64
Day High
$69.97
Day Low
$69.26
52 Week High
07/2/14 - $75.64
52 Week Low
08/30/13 - $46.33
Market Cap
30.2B
Average Volume 10 Days
3.0M
EPS TTM
$3.18
Shares Outstanding
435.0M
EX-Date
07/31/14
P/E TM
21.8x
Dividend
$0.68
Dividend Yield
0.89%
Current Stock Chart for BAKER HUGHES INC (BHI)

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baker hughes inc (BHI) Details

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which include drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services. Its drilling and evaluation products and services also include wire line services, such as tools for open hole and cased hole well logging to gather data to perform petro physical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery; and seismic and micro seismic services. In addition, the company provides completion and production products and services comprising completion systems used to control the flow of hydrocarbons within a wellbore; wellbore intervention products and services to enhance the performance of existing wellbores; intelligent production system products and services to monitor and control the production from individual wells or fields; artificial lifts, such as electric submersible pump systems, progressing cavity pump systems, gas lift systems, and surface horizontal pumping systems to lift oil and water; chemicals and chemical application systems; and cementing, stimulation, and coil tubing services. Further, it offers industrial products and services to the downstream chemicals, and process and pipeline industries. The company operates in approximately 80 countries. Baker Hughes Incorporated was founded in 1972 and is headquartered in Houston, Texas.

baker hughes inc (BHI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $754.6K
President of Global Products & Services and V...
Total Annual Compensation: $643.1K
Chief Legal & Governance Officer and Senior V...
Total Annual Compensation: $715.3K
Chief Strategy Officer
Total Annual Compensation: $595.8K
Compensation as of Fiscal Year 2013.

baker hughes inc (BHI) Key Developments

Baker Hughes Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for Third Quarter of 2014 and Effective Tax Rate Guidance for 2014 and 2015

Baker Hughes Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $5,935 million against $5,487 million a year ago. Operating income was $631 million against $436 million a year ago. Income before income taxes was $572 million against $376 million a year ago. Net income was $359 million against $245 million a year ago. Net income attributable to the company was $353 million or $0.80 per diluted share against $240 million or $0.54 per basic and diluted share a year ago. Capital expenditures were $424 million against $551 million a year ago. Adjusted EBITDA was $1,159 million against $860 million a year ago. Adjusted net income (non-GAAP) was $404 million or $0.92 per share against $240 million or $0.54 per share a year ago. For the six months, revenue was $11,666 million against $10,717 million a year ago. Operating income was $1,183 million against $891 million a year ago. Income before income taxes was $1,067 million against $776 million a year ago. Net income was $695 million against $513 million a year ago. Net income attributable to the company was $681 million or $1.55 per diluted share against $507 million or $1.14 per basic and diluted share a year ago. Capital expenditures were $863 million against $1,041 million a year ago. Net cash flows provided by operating activities were $696 million against $1,078 million a year ago. Expenditures for capital assets were $863 million against $1,041 million a year ago. Adjusted EBITDA was $2,206 million against $1,753 million a year ago. The company predicts continued revenue growth in all of the operating segments, including strong growth in North America. As a result, the company is forecasting profit from operations to increase in the third quarter by about 15%. With respect to nonoperational items for the third quarter, corporate and interest expenses are expected to be similar to the second quarter. The 2014 effective tax rate is now expected to be about 35% for the second half of the year. In 2015, the company expects tax rate to return to a range of 32% to 33%. And finally, capital expenditures for the year have been revised down slightly to be about $1.9 billion.

Baker Hughes Incorporated Announces Production Results for the Second Quarter of 2014

Baker Hughes Incorporated announced that the U.S. onshore well count for the second quarter 2014 was 9,394 wells, up 428 wells or 5% compared to the first quarter 2014. Compared to the second quarter 2013, the well count was up 383 wells or 4%. Compared to the first quarter 2014, the well count increased most notably in the Permian basin (up 265 wells or 11%), Marcellus (up 78 wells or 16%), and Granite Wash (up 31 wells or 23%) basins. This increase was slightly offset by decreases predominately in the Barnett (down 57 wells or 18%) and Cana Woodford (down 23 wells or 26%). The average US onshore rig count for the second quarter 2014 was 1,796 rigs, up 72 rigs or 4% from the first quarter 2014 and up 87 rigs or 5% from the second quarter 2013. On average, the US onshore rig fleet produced 5.23 new wells during the quarter, which represents a slight improvement in drilling efficiencies compared to the same quarter in 2013.

Baker Hughes Incorporated Approves an Amendment of the Restated Bylaws

On June 5, 2014, the Board approved an amendment of the Restated Bylaws of the Baker Hughes Incorporated, effective as of June 5, 2014, that revised Article III, Section 1, to provide that the Board shall consist of 13 directors instead of 11 directors as had previously been provided in the Bylaws.

 

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