| (Values in U.S. Thousands) | Dec, 2016 | Dec, 2015 | Dec, 2014 | Dec, 2013 | Dec, 2012 |
| Sales | 9,841,000 | 15,742,000 | 24,551,000 | 22,364,000 | 21,361,000 |
| Sales Growth | -37.49% | -35.88% | +9.78% | +4.70% | +7.72% |
| Net Income | -2,738,000 | -1,967,000 | 1,719,000 | 1,096,000 | 1,311,000 |
| Net Income Growth | -39.20% | -214.43% | +56.84% | -16.40% | -24.61% |
Baker Hughes Inc (BHI)
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Baker Hughes Inc., is a Delaware corporation engaged in the oilfield services industry. It was formed in April 1987 in connection with the combination of Baker International Corporation and Hughes Tool Company. The Company is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. It also provides industrial and other products and services to the downstream refining, and the process and pipeline industries. It operates in more than 80 countries around the world. Its global oilfield operations are organized into a number of geomarket organizations, which are combined into and report to nine region presidents, who in turn report to two hemisphere presidents. In addition, certain support operations are organized at the enterprise level and include the product line marketing and technology, supply chain, and information technology organizations, which comprise the Global Products and Services group. The Company's oilfield products and services fall into one of two groups, Drilling and Evaluation or Completion and Production. This classification is based on the two major phases of constructing an oil and/or natural gas well and how its products and services are utilized for each phase. The Company markets its products and services on a product line basis mainly through its own sales organizations. Its competitors include the oilfield service companies such as Schlumberger, Halliburton and Weatherford. It also competes with other companies like National Oilwell Varco, Champion Technologies, Ecolab, Newpark Resources, and Frac Tech Services. The Company's past & present operations include activities that are subject to domestic including U.S. federal, state and local and international regulations.