Shearman & Sterling advised GE on its agreement with Baker Hughes to combine GE’s oil and gas business with Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. Baker Hughes, a GE company, (BHGE) is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.
BHGE is focused on providing a fullstream offering bringing together capabilities across the full value chain of oil and gas activities—from upstream to midstream to downstream. The company will combine physical and digital to increase reliability and uptime and build on heritage to create a world-class culture.
With $32 billion of combined revenue and operations in more than 120 countries, BHGE employs over 70,000 people with operations in more than 120 countries. The company is dual headquartered in Houston, Texas and London, UK.