Baker Hughes Company: One of The World's Largest Oil Field Services Companies.
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Here I would like to introduce you to some unfamiliar companies that you may probably haven't heard of, and hope it can be of some help to your investments.
The company I'm going to introduce this time is $Baker Hughes(BKR)$.
It went public on 5th July 2017.
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[Company Profile]
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019.
It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).
[History & Events]
1907: The company was founded.
1928: Having expanded into the manufacturing of his own tools, Baker changes the name of his company to Baker Oil Tools, Inc.
1978: Hughes Tool Company acquired Brown Oil Tools.
1987: Hughes Tool and Baker International merge to form Baker Hughes Incorporated.
1990: Baker Hughes acquired Eastman Christensen from Norton Abrasives.
2001: the company introduced the largest hydraulic fracturing proppants vessel for deepwater work in the Gulf of Mexico.
2017: The company went public on the New York Stock Exchange.
2021: Baker Hughes announced it would acquire ARMS Reliability, a company providing advisory services and software to several industries.
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