Baker Hughes Incorporated (NYSE:BHI) Continues To Cheer Investors

Denver, CO, 10/28/2013 (Avauncer.com) – The Chairman and Chief Executive Officer of Baker Hughes Incorporated (NYSE:BHI), Martin S. Craighead has announced on Friday that the company’s Board of Directors has declared the quarterly dividend of $0.15 per share to the holders on the record date of November 4, 2013. The dividend payout date has been fixed as November 15’ 2013.

During the early last week, the company had made it public that PETRONAS Carigali Sdn. Bhd. (PCSB) has entered into a 23 stronge viagra for sales year agreement with the company, which aims at enhancing the recoverable reserves and production of hydrocarbons at the Greater D18 field located in offshore Malaysia. Baker Hughes is said to be participating in the redevelopment cost in the Greater D18 field in exchange for the remuneration which it will receive from the incremental production. This collaboration is expected to extend the life of Greater D18 and will further boost the area’s economic strength. The company has been known to have successfully carried out a similar strategy in other areas, which includes Asia Pacific, Mexico and the United States.

Lately, the company has been able to grab attention of the investors and analysts’ alike, as it managed to report an impressive revenue figure of $5.79 billion as compared to $5.35 billion in the same quarter previous year. The company’s earnings and performance have exceeded the entire market consensus of $5.77 billion. Evidently, the company’s stock prices have been surging continuously, which closed at $58.23 after recording a $1.16 (2.03%) increase on Friday’s trade.

About the Company

Baker Hughes is a prominent supplier to the worldwide oil and gas industry for oilfield services, products, systems and technology and to the worldwide. With operations spread across to around 80 countries, the company also offers industrial and other services and products to the refining, pipeline and process industries.

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