Baker Hughes Co

Baker Hughes Co. is a holding company. The firm engages in the provision of oilfield products, services, and digital solutions. It operates through the following segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded in April 1987 and is headquartered in Houston, TX.

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Baker Hughes reports strong Q4 earnings, eyes new energy growth

Baker Hughes Co (BKR) delivered a strong Q4 performance with significant revenue and order growth, focusing on cost savings and new energy opportunities.
Guidance for 2023 includes revenue and adjusted EBITDA expectations, with a strategic focus on driving value through growth initiatives.
Challenges include margin pressures in the IET segment and the need to rationalize subsea capacity, while opportunities lie in new energy sectors and cost optimization.
Management changes aim to enhance growth in digital services and climate technology solutions, positioning the company for future success.

Baker Hughes Co (BKR) reports robust Q1 performance and optimistic outlook

Baker Hughes Co (BKR) delivered a strong performance in Q1 2023, focusing on operational transformation, cost-out initiatives, and reshaping into two business segments. The company remains optimistic about Energy Services and Baker Hughes, highlighting order momentum, operating results, and free cash flow generation.

Baker Hughes Co (BKR) reports strong Q2 performance and eyes LNG and New Energy opportunities

Baker Hughes Co (BKR) had a robust Q2 2023, showcasing operational strength and a focus on energy transition. While facing challenges like commodity price volatility and regional performance variations, the company is well-positioned to capitalize on LNG and New Energy opportunities. With a strong emphasis on cost productivity and sustainability, BKR aims to drive higher margins and meet its net-zero emissions goal by 2050.

Baker Hughes excels in Q3, eyes new energy growth opportunities

Baker Hughes Co's Q3 performance reflects strong financials, operational excellence, and strategic clarity amidst market challenges and opportunities.
The company's focus on margin improvements, new energy sectors, and shareholder value enhancement underscores a proactive and growth-oriented approach.
While challenges exist in the energy transition landscape, Baker Hughes is well-positioned to navigate complexities and capitalize on emerging trends.
Overall, Baker Hughes' performance, strengths, and opportunities position it as a resilient player in the evolving energy market landscape.

Baker Hughes achieves record-setting 2023 performance, eyes growth opportunities

Baker Hughes delivered exceptional financial performance in 2023, setting new records and demonstrating strong operational improvements. Despite challenges in North America, the company remains optimistic about the LNG market and is ramping up New Energy orders. With a focus on cost efficiency and margin improvement, Baker Hughes is poised for solid revenue growth and margin expansion in 2024.

Baker Hughes excels in Q1, eyes LNG growth and new energy solutions

Baker Hughes reports robust Q1 performance, confident in full-year guidance. Strong focus on new energy solutions and growth in LNG demand. Challenges include slower start in OFSE and global market uncertainties.

Baker Hughes excels in Q2 with strong margins and growth opportunities

Baker Hughes showcased exceptional operational and financial performance in Q2, with strong margins and free cash flow. While facing challenges in global upstream spending, the company is well-positioned to capitalize on opportunities in LNG markets and New Energy projects. Continued focus on margin improvement and sustainable growth underpins Baker Hughes' positive outlook.

Baker Hughes excels in Q3, eyes growth in energy technologies

Baker Hughes' Q3 performance underscores its operational strength and growth momentum, with a focus on margin enhancement and shareholder value. The company's strategic emphasis on technology development and market positioning bodes well for future success.

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Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the Oilfield Services and Equipment (OFSE) and industrial and Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides services for onshore and offshore oilfield operations. The IET segment combines expertise, technologies, and services for industrial and energy customers including on and off-shore, LNG, pipeline and gas storage, refining, petrochemical, distributed gas, flow and process control, and industrial segments such as nuclear, aviation, automotive, marine, food and beverage, mining, cement and utilities. The company was founded in April 1987 and is headquartered in Houston, TX.

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Oil Prices Jump On Likely OPEC+ Production Cuts

Baker Hughes BKR, +0.14% on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 604 this week. That followed increases in each of the past two weeks.

Baker Hughes data show a third-straight weekly rise in active U.S. oil-drilling rigs

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In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is higher in the Permian Basin.

Permian Oil Rig Count Up After Two Straight Weeks of Decline

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HOUSTON and LONDON, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will hold a webcast Wednesday, Oct. 19, 2022, to discuss the results for the third quarter ending Sept. 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time).

Baker Hughes Announces Date for Third Quarter 2022 Earnings Release and Webcast

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has announced a milestone partnership ahead of phase II drilling at its Rukwa project in Tanzania. It has signed a letter of intent with the international oil and gas consultants Baker Hughes, which will provide integrated services ahead of the ‘spudding' of an evaluation well in January or February next year.

Helium One inks Baker Hughes partnership as it prepares to drill Tanzania well

Baker Hughes Co. ( BKR , Financial) provides technologies and services to energy and industrial companies on a global basis. It has historically operated through four segments: Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions and Digital Solutions.

Baker Hughes: An Oil Service Leader With Tailwinds

Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure by reducing its business units to two from four, starting Oct. 1.

Baker Hughes to restructure organization into two units

Baker Hughes Co. BKR, +2.76% announced Tuesday a restructuring aimed at simplifying the organization and improving profitability. The oilfield products and services company said it expects to cut costs by at least $150 million, as it restructures its four product companies to focus on two reporting businesses, and streamlines its corporate structure.

Baker Hughes to restructure organization, to cut number of reporting segments in half

In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is lower in the Permian Basin.

Permian Oil Drilling Rig Count Falls in 4 of 5 Weeks

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Baker Hughes BKR, +3.56% on Friday reported that the number of active U.S. rigs drilling for oil fell by 9 to 596 this week. That followed an increase of 4 oil rigs the week before.

Baker Hughes data show a weekly drop in the number of active U.S. oil-drilling rigs

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Permian Oil Rig Count Rises After 3 Straight Weeks of Decline

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Oil Companies Focus On Buybacks Before Production Increases

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HMH Announces Completion of ESD Acquisition

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Permian Basin Oil Rig Count Decreases for 3 Straight Weeks

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A recent analysis by the Houston Chronicle compared Baker Hughes' returns with other oilfield service companies. The analysis overlooked the need for transformation in this sector, praising Halliburton and Schlumberger for oil-focused strategies that might come back to haunt them.

Short-Term Pain, Long-Term Gain: Inside Baker Hughes' Vision For The Energy Transition

Baker Hughes (BKR) reported earnings 30 days ago. What's next for the stock?

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News for Baker Hughes Co Stock (BKR)