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Bellwether Report.com Shows Interest in Baker Hughes Inc.

Publication: M2 Presswire
Publication Date: 31-JUL-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 July 2006-bellwetherreport.com: Bellwether Report.com Shows Interest in Baker Hughes Inc(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31072006

The Bellwether Report Takes Notice of Baker Hughes Inc. (NYSE:BHI)

Baker Hughes cooks up many products and services for the global petroleum market. Through its Drilling and Evaluation segment, Baker Hughes makes products and services used to drill oil and natural gas wells. Through its Completion and Production segment, the company provides equipment and services used from the completion phase through the productive life of oil and natural gas wells. Among its many activities, the company tests potential well sites and drills and operates the wells; it also makes bits and drilling fluids, makes submersible pumps, and provides equipment and services to maintain oil and gas wells. In 2006 Baker Hughes sold its 30% stake in WesternGeco to joint-venture partner Schlumberger.

Shares were up 2% despite being put on the back burner by investors.

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