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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

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25 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Baker Hughes Average U.S. Rig Count For March 2018 Up By 200 YOY
Friday, 6 Apr 2018 

April 6 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES MARCH 2018 RIG COUNTS.BAKER HUGHES INTERNATIONAL RIG COUNT FOR MARCH 2018 WAS 972, DOWN 7 FROM 979 COUNTED IN FEBRUARY 2018.AVERAGE U.S. RIG COUNT FOR MARCH 2018 WAS 989, UP 200 FROM 789 COUNTED IN MARCH 2017.INTERNATIONAL OFFSHORE RIG COUNT FOR MARCH 2018 WAS 185, DOWN 9 FROM 194 COUNTED IN FEBRUARY 2018.WORLDWIDE RIG COUNT FOR MARCH 2018 WAS 2,179, UP 194 FROM 1,985 COUNTED IN MARCH 2017.AVERAGE CANADIAN RIG COUNT FOR MARCH 2018 WAS 218, DOWN 105 FROM 323 COUNTED IN FEBRUARY 2018.  Full Article

Baker Hughes A GE Co Says Integration Synergies On Track, With $119 Mln In H2 2017, $700 Mln In 2018
Tuesday, 27 Mar 2018 

March 26 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO SAYS INTEGRATION SYNERGIES ON TRACK, WITH $119 MILLION IN H2 2017, $700 MILLION IN 2018- SEC FILING‍​.BAKER HUGHES A GE CO - LOOKING AT OIL MARKET, WE SEE GLOBAL DEMAND RISING AT A STEADY PACE‍​‍​.BAKER HUGHES A GE CO - ON GLOBAL GAS TRADE, WE EXPECT LNG DEMAND TO MORE THAN DOUBLE TO 500 MTPA BY 2040, GROWING AT 4-5% PER YEAR.BAKER HUGHES A GE CO CEO SAYS MACRO BACKDROP IS "MORE POSITIVE THAN WHAT WE HAVE SEEN IN SEVERAL YEARS".BAKER HUGHES A GE CO - LOOKING AT THE GAS MARKET, CO SEES SHARE OF ENERGY CONSUMPTION SHIFTING MORE TO GAS OVER NEXT DECADES.BAKER HUGHES A GE CO CEO SAYS SEES CRUDE PRICES RELATIVELY RANGEBOUND IN 2018.BAKER HUGHES A GE CO-EXECUTING PRIORITIES WITH CURRENT EXPECTED MARKET DYNAMICS TO HELP BUSINESS RETURN TO NORMALIZED MARGINS IN MID-TEENS BY LATE 2019.BAKER HUGHES A GE CO - MARKET FORECASTS POINT TO A SUPPLY - DEMAND REBALANCE IN THE 2022 TO 2023 TIMEFRAME.BAKER HUGHES A GE CO CEO SAYS NOW EXPECT MARGINS IN TPS TO BE SLIGHTLY LOWER THAN INITIALLY ANTICIPATED IN Q1.BAKER HUGHES A GE CO - PROJECT CYCLE TIMES IMPLY NEW FIDS WILL BE REQUIRED IN 2018 AND 2019 TO MEET GROWING DEMAND.BAKER HUGHES A GE CO - HAVE $14 BILLION OF SERVICES BACKLOG IN THE TPS SEGMENT.BAKER HUGHES A GE CO- WHILE TIMING MORE DIFFICULT TO PREDICT,RETURN OF MORE NORMALIZED REVENUE LEVELS FOR TRANSACTIONAL SERVICES TO BE ACCRETIVE TO MARGINS.  Full Article

Baker Hughes A GE Co CEO's 2017 Compensation Was $12.6 Mln
Saturday, 24 Mar 2018 

March 23 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES A GE CO CEO LORENZO SIMONELLI'S 2017 COMPENSATION WAS $12.6 MILLION - SEC FILING.BAKER HUGHES A GE CO SAYS CFO BRIAN WORRELL'S FY 2017 TOTAL COMPENSATION WAS $5.8 MILLION.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Maximum Tender Offers By unit
Tuesday, 19 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

Baker Hughes A Ge Co Files For Debt Shelf Of Up To $3 Bln
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES A GE CO FILES FOR DEBT SHELF OF UP TO $3.0 BILLION - SEC FILING.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Tender Offers By Baker Hughes, A GE Company, LLC
Saturday, 9 Dec 2017 

Dec 8 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF ANY AND ALL TENDER OFFERS BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - UNIT PRICING TENDER OFFERS OF 6.000% SENIOR NOTES DUE 2018 AND 7.500% SENIOR NOTES DUE 2018.BAKER HUGHES A GE CO - ANY AND ALL TENDER OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, DECEMBER 8, 2017, UNLESS EXTENDED.  Full Article

Baker Hughes, A GE Company Announces Pricing Of Offering Of $3.95 Billion Of Senior Notes
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Baker Hughes A Ge Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES PRICING OF OFFERING OF $3,950,000,000 OF SENIOR NOTES BY BAKER HUGHES, A GE COMPANY, LLC.BAKER HUGHES A GE CO - BAKER HUGHES, A GE COMPANY, LLC PRICED OFFERING CONSISTING OF $1.25 BILLION ITS 2.773% SENIOR NOTES DUE 2022.BAKER HUGHES A GE CO - UNIT PRICED AN OFFERING ALSO CONSISTING OF $1.35 BILLION OF ITS 3.337% SENIOR NOTES DUE 2027.BAKER HUGHES A GE CO - BAKER HUGHES, A GE COMPANY, LLC PRICED AN OFFERING ALSO CONSISTING OF $1.35 BILLION OF ITS 4.080% SENIOR NOTES DUE 2047.  Full Article

Baker Hughes Announces Tender Offers For Certain Outstanding Debt Securities
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES TENDER OFFERS FOR CERTAIN OUTSTANDING DEBT SECURITIES.BAKER HUGHES A GE CO - ‍ANY AND ALL TENDER OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON DECEMBER 8, 2017​.BAKER HUGHES A GE CO - COMMENCES TENDER OFFERS BY CO'S SUBSIDIARY, BAKER HUGHES A GE COMPANY LLC, FOR DEBT SECURITIES OF BHGE LLC OR ITS SUBSIDIARIES.BAKER HUGHES A GE CO - TENDER OFFERS CONSIST OF OFFERS TO PURCHASE FOR CASH ANY AND ALL OF OUTSTANDING 7.500% SENIOR NOTES DUE 2018.BAKER HUGHES A GE CO - TENDER OFFERS ALSO CONSIST OF OFFERS TO PURCHASE FOR CASH ANY AND ALL OF OUTSTANDING 6.000% SENIOR NOTES DUE 2018.  Full Article

Valueact Capital Management LP Reports 4.5 Pct Stake In Baker Hughes A GE Co As Of Nov 29
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Baker Hughes A GE Co ::VALUEACT CAPITAL MANAGEMENT LP REPORTS 4.5 PERCENT STAKE IN BAKER HUGHES A GE CO AS OF NOVEMBER 29 VERSUS A STAKE OF 7.3 P‍​CT AS OF JULY 28 - SEC FILING.  Full Article

General Electric CEO Flannery plans to focus on GE’s aviation, power, health-care divisions- WSJ‍​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - :General Electric CEO Flannery plans to unveil road map monday to focus on GE's aviation, power, health-care divisions- WSJ, citing a source ‍​.General Electric CEO CEO will look to exit most of the rest of GE's operations - WSJ, citing a source‍​.CEO says company plans to eventually shed its majority stake in Baker Hughes - WSJ.  Full Article

BRIEF-Baker Hughes A GE Co CEO's 2017 Compensation Was $12.6 Mln

* BAKER HUGHES A GE CO CEO LORENZO SIMONELLI'S 2017 COMPENSATION WAS $12.6 MILLION - SEC FILING