What is New Baker Hughes worth?
The service industry’s favourite target has finally found a new home— and gets a new financial outlook to boot
After anti-trust regulators torpedoed Halliburton's $38bn Baker Hughes takeover, Baker Hughes's management vowed the company would forge ahead on its own. But as the clear laggard among the service industry's big three-led by Schlumberger and Halliburton-a step change was needed if Baker Hughes was to keep up. A tie-up with General Electric's oil and gas business might do the job. The new organisation-dubbed New Baker Hughes-will see the companies merge their operations and trade under the Baker Hughes handle. GE shareholders will hold a 62.5% stake, while Baker Hughes's will own the remainder and receive a one-off sweetener dividend of $17.50 a share. The companies' management were keen to
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
