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Baker Hughes Free-Falls - Axes 10,500 Jobs
2015-04-22 10:26:19| Oil & Gas - Topix.net
Q1 EBITDA margin fell from 22% in Q4 to 6% in Q1 as clients reduced their appetite for premium services. Baker Hughes reported Q1 earnings Tuesday morning and we expected things to be bad, but not this bad.
The CEO of oil driller Baker Hughes says there's been 'a bit...
2015-04-22 01:07:16| Oil & Gas - Topix.net
The CEO of oil driller Baker Hughes says there's been 'a bit of drama in the marketplace' Energy companies have laid off thousands of workers; on Tuesday morning, Baker Hughes announced it cut its workforce by 17% in the first quarter, which totals 10,500 positions. During the earnings call , an analyst asked Craighead whether there's an identifiable point where the industry decides that the cut in rig counts is enough.
Halliburton And Baker Hughes Announce Approval Of Transaction By Stockholders Of Both Companies
2015-04-13 08:53:11| oilandgasonline Home Page
Halliburton Company recently announced that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated.
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Baker Hughes to shutter Texas office, terminate employees
2015-04-06 19:24:30| Oil & Gas - Topix.net
Employees may be eligible for redeployment.
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Baker Hughes Is Worth $33 - $48 Standalone
2015-03-01 13:10:29| Energy - Topix.net
Analysts have speculated on merger activity in the oil & gas industry as oil prices have declined nearly 50% since June 2014. The oil and gas industry has been in a state of contraction since November, and Baker Hughes' future earnings estimates are much lower.
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