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Baker Hughes Careers & Info

CEO: Chadwick Deaton

Status: Active

Baker Hughes is a provider of products that aid in drilling for the world’s oil and gas industry. The company also participates in formation evaluation, completion, reservoir consulting and production. Baker Hughes is a global company found in over 90 countries and employs over 50,000 employees. Major offices may be found in Liverpool, United Kingdom, Dubai, Singapore, Italy and Kuala Lumpur, Malaysia. The company headquarters is located in Houston, Texas in the American General Center. Baker Hughes formed from a merger between Baker International and Hughes Tool Company in 1987.

Baker Hughes originated in the 1900s. Baker International was formed by Reuben C. Baker. The company specialized in cable tool drilling and received a U.S. patent for the casing shoe. In 1928, the Baker Casing Shoe Company evolved into Baker Oil Tools, which later became Baker Hughes Incorporated.

The original organization acquired several companies and engaged in numerous mergers before changing its name to Baker Hughes. Some acquisitions include Brown Oil Tools, Elder Oil Tools, Eastman Christensen, Drilex, Tri-State, Wilson, Chemlink and Petrolite.

These companies offered a range of services to the parent company including seismic exploration, pressure pumping and well logging. Diamond drill bits and other drilling needs were also added to the company. Baker Hughes sold 30 percent of its shares to Schlumberger for $2.4 billion in 2006. This transaction was a part of the WesternGeco joint venture. The most recent acquisition was BJ Services Company. The company was purchased for $5.5 billion in a stock and cash deal. This deal was finalized in 2010.

In 2009, the investment in research and engineering totaled $400 million in 2009. The annual investment in research and engineering has doubled since 2001. The company increases in value because it focuses on the four instrumental keys to success. The keys to success include delivering value, devising cost effective solutions, engaging people and effectively utilizing resources.

Baker Hughes careers are rewarding. Employees working at Baker Hughes will find that the environment promotes integrity, teamwork and exceptional performance. The Baker Hughes culture also incorporates continuing education and development throughout the individual’s duration at the company. Baker Hughes benefits have one of the highest ratings in the company. Health and financial benefits are exceptional. Tuition reimbursement and other benefits may also be included.

Baker Hughes also has a commitment to the community. The company demonstrates its commitment by participating in philanthropic ventures such as Child Advocates, National MS Society, Susan G. Komen, March of Dimes, American Diabetes Association, American Cancer Society and Habitat for Humanity.