Baker Hughes - Investor Relations - Corporate Frequently Asked Questions

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

For the 12 months ended December 31, 2007, the company had revenues of approximately $10.4 billion. In recent years, approximately 64% of the company’s revenues have come from sales outside of the United States.

Baker Hughes stock trades on the New York Stock Exchange, the Pacific Stock Exchange and the Swiss Stock Exchange under the ticker symbol BHI. For a current stock price quote, click here.

What is the oilfield service industry?

The oilfield service industry comprises those companies that provide the products and services used in exploring for oil and natural gas and drilling, completing and producing oil and gas wells.

Does Baker Hughes participate in all of this market?

No. Baker Hughes is focused on downhole tool technologies and reservoir information with leadership positions in:

Wireline logging (#2 behind Schlumberger)
Directional drilling systems
Measurement-while-drilling
Drill bits
Drilling fluids (#3)
Sand control
Completions
Electric submersible pumps
Oilfield chemicals

How is management incented?

Management incentives are based on stock options and yearly bonuses. Stock options are granted at a price equal to that of the market price, therefore, for management to realize value from these, the stock price must go up. Yearly bonuses are generally tied directly to financial performance.

Is Baker Hughes committed to HS&E matters?

Yes. Environmental protection, as well as the safety and health of our employees and the public who are potentially affected by our operations, is a management responsibility to which Baker Hughes has a strong commitment.

Our systems are focused on continual improvement in the prevention of accidents and pollution, effective communications and training, and accountability throughout the organization.

For more information about Baker Hughes' HS&E efforts, please click here.