Baker Hughes Incorporated News

Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from Chapter 11 proceedings.The seven member Board includes two current members remaining on the Board and five new members, each with expertise in individual areas particularly suited to support the company’s operation and development and collectively, creating a leadership platform that will enable Harvey Gulf to adjust and thrive in an ever-changing market. Shane Guidry. Mr. Guidry remains the Chairman of the Board and Chief Executive Officer for HGIM Corp. Mr. Guidry is the third generation in his family to lead Harvey Gulf. Mr.

Halliburton Company and Baker Hughes Incorporated  today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36 percent of the combined company. The agreement has been unanimously approved by both companies’ Boards of Directors.

Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed discussions between the parties regarding a potential business combination transaction, and Halliburton's refusal to improve its first and only value proposal. Baker Hughes considers the notice to be an attempt by Halliburton to pressure the Baker Hughes board into accepting a transaction with Halliburton on Halliburton's terms. The discussions began after Baker Hughes received an unsolicited proposal from Halliburton without prior notice on Oct.

Baker Hughes Incorporated has today announced appointment of Kimberly A. Ross, as Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc. She served as Executive Vice President and CFO of Royal Ahold N.V. from 2007 to 2011 and held various other finance positions at Royal Ahold from 2001 to 2007. Ross earned a Bachelor of Arts degree in accounting from the University of South Florida and became a certified public accountant after graduation. "I am pleased to welcome Kimberly to the Company," said Martin Craighead, Baker Hughes Chairman and Chief Executive Officer. "She is an accomplished executive with more than 22 years of outstanding global experience in finance.

Baker Hughes Incorporated announced that the Company's Chairman and Chief Executive Officer, Martin Craighead, will be making a presentation at the Barclays CEO Energy-Power Conference on Wednesday, September 3, 2014, at 9:45 a.m. Eastern time. Those interested can listen to the presentation and view the presentation materials during the conference, by logging onto the "Events & Presentations" page on our website at: www.bakerhughes.com/investor. They could also listen to a replay, it will be available within 24 hours of the live presentation and will remain available through September 17, 2014. One may use the same website address above to access the replay.

2014, ending June 30, 2014. The call will begin at 8:30 a.m. Eastern time. The results are expected to be released on Thursday, July 17, 2014, before the market opens. To access the call via a live webcast, please visit our website at:  www.bakerhughes.com/investor. The call will also be available by dialing the conference call operator at: 800-446-1671 in the United States and 847-413-3362 for international calls. A replay of the conference call and webcast will be available through Thursday, July 31, 2014. The number for the replay is: 888-843-7419 in the United States and 630-652-3042 for international calls. The access code is: 37166275. To access the webcast replay, go to our website at: www.bakerhughes.com/investor.

Baker Hughes Incorporated (BHI) has announced  that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302, down four from the 306 counted in December 2013, and down five from the 307 counted in January 2013. The average U.S. rig count for January 2014 was 1,769, down two from the 1,771 counted in December 2013, and up 12 from the 1,757 counted in January 2013. The average Canadian rig count for January 2014 was 504, up 132 from the 372 counted in December 2013, and up one from the 503 counted in January 2013.

Baker Hughes Incorporated announce the international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012. The count is unchanged from the 307 counted in January 2012. The average U.S. offshore rig count for January 2013 was 53, up two from the 51 that were counted in December 2012 and up 10 from the 43 counted in December 2012. The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.

Baker Hughes Incorporated announced that net income for the second quarter 2008 was $379.3m or $1.23 per diluted share compared to $349.6 million or $1.09 per diluted share for the second quarter 2007 and $395.0 million or $1.27 per diluted share for the first quarter 2008. Net income for the second quarter of 2008 includes a net charge of $62.0 million ($40.3 million after-tax or $0.13 per diluted share), relating to the settlement of litigation with ReedHycalog announced May 22, 2008. Net income for the first quarter 2008 includes a gain of $28.2 million ($18.4 million after-tax or $0.06 per diluted share) from the sale of the Completion and Production segment's Surface Safety Systems ("SSS") product line.

Driven by decade-high oil prices, industry leader Baker Hughes Incorporated reported operating profit after tax from continuing operations for the third quarter of 2000, excluding non-operational items, was $70.6 million, up 456% compared with $12.7 million for the third quarter of 1999, and up 72% compared with $41 million for the second quarter of 2000. Net income for the third quarter of 2000 was $66.7 million compared to $13.2 million for the third quarter of 1999. Results for the third quarter of 2000 include the impact of losses, net of tax, totaling $3.9 million related to the company's holdings of Varco International, Inc. stock and the sale of the Norward product line of Baker Atlas. Michael E.

Baker Hughes Incorporated announced that the international rig count for October 2000 was 727, up 13 from the 714 counted in September 2000 and up 162 from the 565 counted in October 1999. The international offshore rig count for October 2000 was 219, up 6 from the 213 counted in September 2000 and up 62 from the 157 counted in October 1999. The U.S. rig count for October 2000 was 1,055 up 44 from the 1,011 counted in September 2000 and up 344 from the 741 counted in October 1999. The Canadian rig count for October 2000 was 353 up 39 from the 314 counted in September 2000, and up 64 from the 289 counted in October 1999. The worldwide rig count for October 2000 was 2,135 up 96 from the 2,039 counted in September 2000 and up 717 from the 1,418 counted in October 1999.

Baker Hughes Incorporated's international rig count for November 2000 was 700, down 27 from the 727 counted in October 2000 and up 125 from the 575 counted in November 1999. The international offshore rig count for November 2000 was 196, down 23 from the 219 counted in October 2000 and up 38 from the 158 counted in November 1999. The U.S. rig count for November 2000 was 1,067, up 12 from the 1,055 counted in October 2000, and up 285 from the 782 counted in November 1999. The Canadian rig count for November 2000 was 362, up nine from the 353 counted in October 2000 and up 26 from the 336 counted in November 1999. The worldwide rig count for November 2000 was 2,129, down 6 from the 2,135 counted in October 2000 and up 436 from the 1,693 counted in November 1999.

Baker Hughes Incorporated announced that the international rig count for June 2002 was 730 up 12 from the 718 counted in May 2002 and down 30 from the 760 counted in June 2001. The international offshore rig count for June 2002 was 232 up 13 from the 219 counted in May 2002 and unchanged from the 232 counted in June 2001. The US rig count for June 2002 was 843 up 17 from the 826 counted in May 2002 and down 428 from the 1,271 counted in June 2001. The Canadian rig count for June 2002 was 205 up 91 from the 114 counted in May 2002 and down 97 from the 302 counted in June 2001. The worldwide rig count for June 2002 was 1,778 up 120 from the 1,658 counted in May 2002 and down 555 from the 2,333 counted in June 2001.

Baker Hughes Incorporated announced that income from continuing operations for the third quarter 2006 was $358.6 million or $1.09 per diluted share compared to $220.6 million or $0.64 per diluted share for the third quarter 2005 and $1,395.0 million or $4.14 per diluted share for the second quarter 2006. Net income for the third quarter 2006 was $358.6 million or $1.09 per diluted share compared to $221.9 million or $0.65 per diluted share for the third quarter 2005 and $1,395.0 million or $4.14 per diluted share for the second quarter 2006. Operating profit, which is a non-GAAP measure comprised of income from continuing operations excluding the impact of certain identified non- operational items…

Baker Hughes Incorporated announced that the international rig count for July 2006 was 921, up 15 from the 906 counted in June 2006, and up 10 from the 911 counted in July 2005. The international offshore rig count for July 2006 was 269, up for from the 265 counted in June 2006 and down nine from the 278 counted in July 2005. The US rig count for July 2006 was 1,681 up 16 from the 1,665 counted in June 2006 and up 283 from the 1,398 counted in July 2005. The Canadian rig count for July 2006 was 553, up 145 from the 408 counted in June 2006 and up 103 from the 450 counted in July 2005. The worldwide rig count for July 2006 was 3,155, up 176 from the 2,979 counted in June 2006 and up 396 from the 2,759 counted in July 2005.

Baker Hughes Incorporated announced today that the international rig count for May 2001 was 752, up 10 from the 742 counted in April 2001 and up 125 from the 627 counted in May 2000. The international offshore rig count for May 2001 was 230, up 11 from the 219 counted in April 2001 and up 64 from the 166 counted in May 2000. The U.S. rig count for May 2001 was 1,234 up 28 from the 1,206 counted in April 2001 and up 389 from the 845 counted in May 2000. The Canadian rig count for May 2001 was 238 up 21 from the 217 counted in April 2001 and up 49 from the 189 counted in May 2000. The worldwide rig count for May 2001 was 2,224 up 59 from the 2,165 counted in April 2001 and up 563 from the 1,661 counted in May 2000.