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Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger and Halliburton, its main competitors.

 

Chad Deaton is the CEO.

Baker Hughes Incorporated was formed when Baker International and Hughes Tool Company merged in 1987. The Company's part founder was Howard Hughes Jr.,the famous aviation enthusiast (of 'The Aviator' movie fame) who flew the infamous 'Spruce Goose'. Howard Hughes Jr formed the Hughes Aircraft company which was eventually splintered into various business units and merged with Raytheon, General Motors & Boeing. Baker International was formed by Reuben C Baker who introduced the world's first cable tool drilling rig in 1907. Baker soon diversified into making too downhole tools to set casing and deploy cementing tools (floats).

 
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