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06/30/17Baker Hughes Stockholders Approve Combination with GE Oil & Gas
Transaction Expected to Close on July 3, 2017 HOUSTON--(BUSINESS WIRE)--Jun. 30, 2017-- Baker Hughes Incorporated (NYSE:BHI) today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric Company's oil and gas business ("GE Oil & Gas"). The combination will create Baker Hughes, a GE company, which will be traded on the New York Stock Exchange (NYSE) under th... 
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06/12/17Baker Hughes and GE Reach Agreement with DOJ to Complete Proposed Transaction
HOUSTON--(BUSINESS WIRE)--Jun. 12, 2017-- Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today's milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value for customers, employees and shareholders. Pursuant to a proposed consent decree fil... 
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06/07/17Baker Hughes Announces May 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--Jun. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2017 was 957, up 1 from the 956 counted in April 2017, and up 2 from the 955 counted in May 2016. The international offshore rig count for May 2017 was 202, up 1 from the 201 counted in April 2017, and down 27 from the 229 counted in May 2016. The average U.S. rig count for May 2017 was 893, up 40 from the 853 ... 
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06/05/17Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
HOUSTON – June 05, 2017 – Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) today announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team, which has considerable experience, deep expertise and will drive global impact, will be as follows: Lorenzo Simonelli, President & CEO Maria Claudia Borras, President & CEO, Oilfi... 
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05/31/17Baker Hughes and GE Receive Clearance from the European Commission
HOUSTON--(BUSINESS WIRE)--May 31, 2017-- Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry. Baker Hughes ... 
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05/05/17Baker Hughes Announces April 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--May 5, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. The international offshore rig count for April 2017 was 201, up 4 from the 197 counted in March 2017, and down 19 from the 220 counted in April 2016. The average U.S. rig count for April 2017 was 853, up 6... 
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05/02/17Baker Hughes Introduces Long-Life PDC Bit to Reduce Trips in High Horsepower Drilling Operations
Dynamus bit reduces damage risks to the bit and BHA HOUSTON--(BUSINESS WIRE)--May 2, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is bui... 
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05/01/17Baker Hughes Introduces Revolutionary Multistage Fracturing Service for Deep Water
DEEPFRAC service significantly reduces OPEX, maximizes reservoir contact HOUSTON--(BUSINESS WIRE)--May 1, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today the introduction of its DEEPFRAC™ deepwater multistage fracturing service, which can save operators hundreds of millions of dollars in offshore developments through unprecedented efficiency gains across the completion phase. Using multiposition sleeves and patented flowback contro... 
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04/27/17Baker Hughes Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--Apr. 27, 2017-- Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable May 19, 2017 to holders of record on May 8, 2017. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil ... 
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04/25/17Baker Hughes Announces First Quarter Results
Revenue of $2.3 billion for the quarter, down 6% sequentially and 15% year-over-year GAAP net loss per share of $0.30 for the quarter includes $0.26 per share of adjusting items Adjusted EBITDA (non-GAAP measure) was $309 million for the quarter, up 16% sequentially HOUSTON--(BUSINESS WIRE)--Apr. 25, 2017-- Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quart... 
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04/07/17Baker Hughes Announces March 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--Apr. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2017 was 943, up 2 from the 941 counted in February 2017, and down 42 from the 985 counted in March 2016. The international offshore rig count for March 2017 was 197, down 3 from the 200 counted in February 2017, and down 14 from the 211 counted in March 2016. The average U.S. rig count for March 2017 was... 
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03/21/17Baker Hughes Announces Date for First Quarter 2017 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Mar. 21, 2017-- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the first quarter 2017 on Tuesday, April 25, 2017, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The conference call will broadcast live via a webcast that can be ... 
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03/14/17Baker Hughes Announces the Industry’s First Adaptive Drill Bit
TerrAdapt bit adjusts to downhole conditions autonomously to enable smoother, faster drilling and extend tool life HOUSTON--(BUSINESS WIRE)--Mar. 14, 2017-- Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With the industry’s first ... 
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03/07/17Baker Hughes Announces February 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--Mar. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016. The average U.S. rig count for Fe... 
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03/06/17GE and Baker Hughes Receive Expected Requests for Additional Information from the DOJ
BOSTON & HOUSTON--(BUSINESS WIRE)--Mar. 6, 2017-- General Electric Company (NYSE: GE) and Baker Hughes Incorporated (NYSE: BHI) today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued under the Hart-Scott-Rodino Antitrust Im... 
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03/02/17Baker Hughes’ Chairman and CEO to Present at Scotia Howard Weil 2017 Energy Conference
HOUSTON--(BUSINESS WIRE)--Mar. 2, 2017-- Baker Hughes Incorporated (NYSE: BHI) announced today that the company’s Chairman and Chief Executive Officer Martin Craighead will present at Scotia Howard Weil Energy Conference on Tuesday, March 28, 2017, at 10:15 a.m. Eastern Time (9:15 a.m. Central Time). If you would like to view the presentation materials, please visit the “Events & Presentations” page on our website at: www.bakerhughes.com/inve... 
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02/09/17Saudi Aramco and Baker Hughes Introduce Innovative Cable-Deployed ESP System
TransCoil rigless-deployed ESP expands the operating envelope and improves reliability vs. existing alternative deployment systems HOUSTON--(BUSINESS WIRE)--Feb. 9, 2017-- Saudi Aramco and Baker Hughes (NYSE:BHI) announced today the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on production faster and lower the costs associated with installing and ... 
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02/07/17Baker Hughes Announces January 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--Feb. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The international offshore rig count for January 2017 was 206, down 4 from the 210 counted in December 2016, and down 36 from the 242 counted in January 2016. The average U.S. rig count for Jan... 
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01/26/17Baker Hughes Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--Jan. 26, 2017-- Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable February 17, 2017 to holders of record on February 6, 2017. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worl... 
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01/26/17Baker Hughes Announces Fourth Quarter and Annual Results
Revenue of $2.4 billion for the quarter, up 2% sequentially. Full-year revenue was $9.8 billion GAAP net loss attributable to Baker Hughes of $417 million for the quarter includes the negative impact of $291 million of adjusting items and $107 million of income taxes Adjusted EBITDA (non-GAAP measure) was $266 million for the quarter and $493 million for the year Cash flows from operati... 
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01/09/17Baker Hughes Announces December 2016 Rig Counts
HOUSTON--(BUSINESS WIRE)--Jan. 9, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015. The average U.S. rig count for... 
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01/04/17Baker Hughes Announces Date for Fourth Quarter and Full Year 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jan. 4, 2017-- Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the fourth quarter and full year of 2016 on Thursday, January 26, 2017, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The conference call will broadcast live via... 
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