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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 330
Company Information
Name: Baker Hughes
Industry: Oil Well Services & Equipment
Description: Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gas industry.
Financial Summary: BHI is engaged in the oilfield and process industry segments. BHI also manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries. For the 6 months ended 6/30/05, revenues rose 19% to $3.43B. Net income from cont. ops. increased 89% to $398.6M. Results reflect increased activity from land rigs drilling, improved gross margins and higher equity in earnings.
Business Summary: Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. The Company supplies wellbore-related products and technology services and systems to the oil and natural gas industry on a worldwide basis, including products and services for drilling, formation evaluation, completion and production of oil and natural gas wells. Baker Hughes conducts part or all of its operations through subsidiaries, affiliates, ventures, partnerships or alliances. It has seven operating divisions: Baker Atlas, Baker Hughes Drilling Fluids, Baker Oil Tools, Baker Petrolite, Centrilift, Hughes Christensen and INTEQ that have been aggregated into the Oilfield segment. The Oilfield segment also includes the Company's 30% interest in WesternGeco, a seismic venture it entered into with Schlumberger Limited (Schlumberger), as well as other investments in affiliates.
Misc Details
Symbol: BHI
City: Houston
State: TX
ZIP Code: 77027
Address: 3900 Essex Lane
Ste 1200
Phone: 713-439-8600
Fax: 713-439-8699
Website: http://www.bakerhughes.com
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