Industry: Oil Well Services Equipment
Fortune Rank: 243
BHI is engaged in the oilfield and process industry segments. BHI also manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries. For the 6 months ended 6/30/05, revenues rose 19% to $3.43B. Net income from cont. ops. increased 89% to $398.6M. Results reflect increased activity from land rigs drilling, improved gross margins and higher equity in earnings.
Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. The Company supplies wellbore-related products and technology services and systems to the oil and natural gas industry on a worldwide basis, including products and services for drilling, formation evaluation, completion and production of oil and natural gas wells. Baker Hughes conducts part or all of its operations through subsidiaries, affiliates, ventures, partnerships or alliances. It has seven operating divisions: Baker Atlas, Baker Hughes Drilling Fluids, Baker Oil Tools, Baker Petrolite, Centrilift, Hughes Christensen and INTEQ that have been aggregated into the Oilfield segment. The Oilfield segment also includes the Company's 30% interest in WesternGeco, a seismic venture it entered into with Schlumberger Limited (Schlumberger), as well as other investments in affiliates.
Baker Hughes is a Fortune 500 company. In 2010 Baker Hughes was ranked number 243 on the Fortune 500 list, making it the 243rd largest company in the United States when judged by revenue.
Baker Hughes achieved revenue of $9,664.00 million in 2010 and earned a profit of $421.00 million.
Baker Hughes's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 227th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $11,864 million (a change of -2 million compared to 2010) and profits of $1,635 million (a change of 420 million compared to 2010).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Baker Hughes would be ranked 239th rather than 243rd due to its profits of $421 in 2010.
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