Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.

BAKER HUGHES, A GE COMPANY ANNOUNCES SECOND QUARTER 2019 RESULTS

BHGE - “2018 marked BHGE’s first full year as a combined company and it was a year of significant change and progress for us. We moved beyond the initial integration phase into the next chapter for BHGE. In November, our majority shareholder, GE, reduced their ownership from approximately 62.5% to approximately 50.4%, and we reached critical commercial agreements with GE that position our company for the future. The market environment changed significantly as we progressed through the year. ” said Lorenzo Simonelli, BHGE Chairman, President and Chief Executive Officer.

GE - Baker Hughes, a GE company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE

BHGE - Orders of $5.7 billion for the quarter, down 5% sequentially and flat year-over-year. Revenue of $5.7 billion for the quarter, up 2% sequentially and up 7% year-over-year. GAAP operating income of $282 million for the quarter, increased $204 million sequentially and increased $475 million year-over-year.