Baker Hughes Co. sold by General Electric: $417.30m-Oct 22
Baker Hughes Company specializes in the design, manufacturing and marketing of systems and equipment intended for the oil and gas industries. Net sales break down by family of products and services as follows:
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equipment and services of drilling and wells operating (66.3%);
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drilling equipment and services and evaluation of oil and gas wells (23.2%);
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industrial services (10.5%): processing of petrochemicals, water treatment, etc.
Export accounts for 74% of net sales.
Number of employees : 68 000 people.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
We sell products and services primarily in the global oil and gas markets, within the upstream, midstream and downstream segments. Throughout the first three quarters of 2020, the industry experienced multiple factors which drove expectations for global oil and gas related spending to be lower through 2020.
https://www.marketscreener.com/quote/stock/BAKER-HUGHES-COMPANY-40311111/news/BAKER-HUGHES-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-RESULTS-OF-OPERATIONS-31599024/
https://www.marketscreener.com/quote/stock/BAKER-HUGHES-COMPANY-40311111/company/
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