LogIn LogOut

Baker Hughes Finalizes Name Change

October 17, 2019

© xmentoys / Adobe Stock
© xmentoys / Adobe Stock

Baker Hughes has officially dropped GE from its name after the industrial conglomerate shed majority ownership in the oilfield services company in September.

Formerly Baker Hughes, a GE company, the firm will now be known as Baker Hughes, and on Friday its Class A common stock will begin trading on the New York Stock Exchange under the symbol BKR, it said.

Following the July 2017 merger between Baker Hughes and GE Oil & Gas, General Electric had owned 62.5% of the combined company. GE reduced its stake to 50.4% in November 2018, and then again to 36.8% in September.

GE said it plans to continue divesting the remainder of its holding in Baker Hughes over time.

Categories: Industry News


Current News

Cooper Eyeing Annie Gas Find Start-Up in 2022

Cooper Eyeing Annie Gas Find Start-Up in 2022

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Nayara Energy Director Resigns After U.S. Sanctions Imposed

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

India Set to Import Record LNG Volumes

India Set to Import Record LNG Volumes

Tanjung Offshore to Deliver Offshore Platform for Petronas

Tanjung Offshore to Deliver Offshore Platform for Petronas

Siemens Wins Order to Modernize M. East Jack-Up Rig

Siemens Wins Order to Modernize M. East Jack-Up Rig

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week