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The Rise of ESG: Where It Is Now and How It Got Here
Calls for corporate reform are as old as the corporation itself, so why now are companies pushing for more ESG efforts in their organizations?
By
Ted Jackson
| July 5, 2022
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Financial Performance
Halliburton Takes $2.2B Charge From Shale Slump
“The U.S. shale industry is facing its biggest test since the 2015 downturn," Halliburton CEO Jeff Miller told analysts.
By
Matthew Heller
| January 21, 2020
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People
McDermott CFO Resigns After $1.9 Billion Loss
The company said Stuart Spence left to “pursue other opportunities” and was replaced by Chris Krummel, formerly chief accounting officer.
By
Matthew Heller
| November 6, 2019
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Strategy
GE Keeping Faith in Baker Hughes Merger
GE had been exploring "exit options" but CFO Jamie Miller says it now sees "a lot of upside" for Baker Hughes.
By
Matthew Heller
| February 23, 2018
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Strategy
GE, Baker Hughes to Merge Oil, Gas Businesses
The companies believe the combined entity will be positioned to benefit from the expected recovery in oil prices.
By
Matthew Heller
| October 31, 2016
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Strategy
Baker Hughes Refocusing After Merger Deal Dies
The oilfield services giant will use its $3.5 billion breakup fee from Halliburton to fund a $1.5 billion share buyback.
By
Katie Kuehner-Hebert
| May 2, 2016
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Strategy
Halliburton Cuts 6,000 Jobs as Revenue Falls 17%
"What we are experiencing today [in the energy industry] is far beyond headwinds; it is unsustainable," Halliburton's president says.
By
Katie Kuehner-Hebert
| April 25, 2016
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Strategy
U.S. Sues to Block Halliburton-Baker Hughes Deal
"I have never seen [a merger] that poses so many antitrust problems in so many markets," a top Justice Department official says.
By
Matthew Heller
| April 6, 2016
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Strategy
Antitrust Cloud Over Halliburton-Baker Hughes Deal
The U.S. Justice Department reportedly is concerned over whether other oilfield-services companies will provide credible competition.
By
Matthew Heller
| December 11, 2015
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Strategy
Schlumberger to Buy Rival Cameron for $12B
The proposed merger of oilfield services companies is the latest example of industry consolidation driven by the decline in oil prices.
By
Katie Kuehner-Hebert
| August 26, 2015
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