About Baker Hughes Inc.

What: Provides services to the oil and natural gas industry. The company does not drill itself but provides related technology, engineering and other services to drillers. The company also provides a widely followed national count of oil drilling rigs.

Headquarters: Houston, Texas.

Employees: About 58,000 worldwide.

Finances: 2011 revenue was $19.8 billion, up from $14.4 billion in 2010. For the first six months of 2012, the company reported $10.7 billion in revenue, up from $9.3 billion from the first six months of 2011.

History: Formed in 1987 when Baker International and Hughes Tool Co. merged. Both companies were founded more than 100 years ago.