https://www.energyvoice.com/oilandgas/293026/baker-hughes-rounds-off-incredibly-challenging-2020-with-15billion-losses/
14 replies (most recent on top)
True, chemicals is a very profitable PL. The product is usually given away to the customers and the long lasting relationships with the customer enables up selling to bring in more value added for the customer and higher rate of returns. It’s less transactional than the other PLs and more about customer intimacy. This is when the account manager, tech, or service delivery coordinator or whatever the name wears knee pads and does things they’re not so proud of to earn an account or keep it. By swallowing their pride (and whatever else), they earn the revenue to keep the office armchair quarterbacks back in Sugar Land, paid.
Well known fact - during down turns Chemicals maintains its revenues while other groups take a hit. If it wasn’t for Chemicals propping up the company, you'd all be screwed.
Well, that’s what they say in Chemicals anyway.
Chemicals? WTH are you talking about? They’re not propping anything up.
BH completions making windmills???? Oil is nasty and polluting.
Waisted $14M on the top spot for sure, top notch executives we have
$15 billion? How much worse would it be without Chemicals propping up this entire company?
I don’t care if either company is good. I’m taking advantage to the fact that GE needs the money and BH is inflated. Time to $$$$ on these guys. They’ve cashed out on you. Now I’m going to do the same. Stock has nothing to do about the company performance. Time the workers realize that and take advantage.
All spunk bubbles on the chopping list,
There’s a few in BOD Aberdeen long parts
The backstabbing clown that tries to operate
The hone, the midget, the plunger, to name
A few, coco the manager should go should of been put out to grass
Years ago, being honest enough everyone in the long bay
Should go, me am looking forward to going not without a
Few bob in the pocket first,
Surely working from homers are goners!!!
There will be blood
company was a laughing stock 3 years ago now not even that good.
zero experience left and only ones who stay have because no one else wants them or too old to get offered work by anyone good.
most Management getting replaced by trainees and graduates to save on wages.
graduates replacing 20 to 30 year experience after 4 years training and thinking they have a clue and its nothing to do with will work for peanuts and so books look better.
the company's is in a embarrassing state on a good day.
Aberdeen is in freefall , oil companies paying off weekly. 6000 houses up for sale
70% rental property empty.
booming
Share prices falling like a stone
GE Stock price just matched one year high. GE recovery could be on the way, the stock is headed in the correct direction. I wonder if they will slow play selling Baker Stock or massive chunks for price corrections.
60 day close of federal lands and waters. This is the time to watch this industry, not play in it.
Good luck
What a surprise more people losing here jobs