Top Five Global Oil and Gas Well Completion and Production Companies: Performance, Strategies and Competitive Analysis
- Language: English
- Published: December 2012
- Region: Global
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on oilfield services provider Baker Hughes Inc. reflect its strong competitive position in the oilfield services sector, a track record of solid free cash flow generation through prior industry cycles, and modest financial risk profile. Standard & Poor's Ratings Services' ratings also incorporate Baker Hughes' participation in the highly cyclical and competitive oilfield service sector. As of March 31, 2011, Houston-based Baker Hughes had $4.6 billion in adjusted debt, including Standard & Poor's analytical adjustments for operating leases and postretirement obligations. Baker Hughes is the third-largest diversified oilfield services company (in terms of revenues) and provides equipment and services to major, independent, and national oil companies worldwide. Baker Hughes' business risk profile benefits from favorable product and service...
Companies mentioned in this report are: Baker Hughes Inc.
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Baker Hughes Inc.