Baker Hughes 2014 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2014 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 122

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

In so many ways, 2014 was a pivotal
year for Baker Hughes. We delivered record
financial performance, including double-
digit revenue growth, increased margins,
and the highest free cash flow in the history
of this company. We returned $600 million
to shareholders via a share buyback
program and we increased the dividend
to 64 from 60 cents per share.
We accelerated product development and introduced a number
of game-changing new technologies that are entirely reshaping the
economics of our industry. We also set a higher bar for health
and safety, and we continue to position Baker Hughes as the industry’s
champion for sustainability. And we punctuated the year by negotiating
the largest business combination transaction in the history of the
oilfield services industry with Halliburton.
Martin Craighead
Chairman and Chief Executive Officer
TOOURSHAREHOLDERS
NORTHAMERICA 
LATINAMERICA 
EUROPE/AFRICA/RUSSIACASPIAN 
MIDDLEEAST/ASIAPACIFIC 
INDUSTRIALSERVICES 
REVENUE
BYSEGMENT
FROMTHECEO
LETTERTOSHAREHOLDERS