General Electric

GE to Punt Baker Hughes Within Three Years

General Electric (GE), which spent billions to become the largest shareholder in Baker Hughes Inc., said Tuesday it plans to “fully separate” its 62.5% interest within three years.

June 27, 2018
BHGE’s Backlog, Orders Climbing While Merger Synergies Cutting Costs

BHGE’s Backlog, Orders Climbing While Merger Synergies Cutting Costs

Less than a year after General Electric Co. (GE) combined its oilfield business with Baker Hughes Inc., which created the second largest oilfield services (OFS) company by revenue, the venture appears to be paying dividends, while the backlog grows and costs decline.

April 20, 2018