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Home > Fortune 500 Companies > Baker Hughes Inc.
Baker Hughes Inc.
Baker Hughes Inc. is a publicly traded company having a good stock performance result. Baker Hughes Inc. is a fortune 500 stock listed company trading under BHI.
Baker Hughes Incorporated was founded in 1972 and is headquartered in Houston, Texas. Baker Hughes provides the worldwide oil and natural gas industry products and services for drilling, formation evaluation, completion and production. The company 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.
Chad C. Deaton is Chairman of the Board and Chief Executive Officer of Baker Hughes Incorporated since he joined the company in October 2004.
In 16 Feb 2006, Baker Hughes Incorporated announced that, income from continuing operations for the fourth quarter 2005 was 257.4 million dollars or 0.75 dollars per diluted share, compared to 178.8 million dollars or 0.53 dollars per diluted share for the fourth quarter 2004 and 220.6 million dollars or 0.64 dollars per diluted share for the third quarter 2005. Income from continuing operations for the year 2005 was 874.4 million dollars or 2.56 dollars per diluted share, compared to 525.3 million dollars or 1.57 dollars per diluted share for the year 2004. Net income for the fourth quarter 2005 was 257.9 million dollars or 0.75 dollars per diluted share, compared to 179.6 million dollars or 0.53 dollars per diluted share for the fourth quarter 2004 and 221.9 million dollars or 0.65 dollars per diluted share for the third quarter 2005.
Baker Hughes is focused on providing drilling, formation evaluation and production technology used within oil and gas wells. The company’s seven divisions provide best-in-class products and services to the worldwide petroleum industry. To satisfy the global demand for oil and natural gas customers of this company have increased their E&P budgets in 2006 and will continue strength through 2007.
The worldwide economy has grown despite high energy prices. The company expects that it will continue to grow through 2006 and beyond.
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