Baker Hughes Stock News

U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

The oil & gas sector is experiencing significant momentum, but still lags the S&P 500 on a YTD basis. I explore US energy picks in a Trump Vs. Harris analysis. Reflexive patterns in revenue, earnings per share, and free cash flow indicate robust financial health and value. The investment thesis is that there may be increased demand for drilling both domestically [US] and Internationally on the ...

Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin.

HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender.

Baker Hughes Company reported mixed Q3 results, with strong backlog and improved margins, but lower orders raise concerns about future growth. The company's financial position is solid with $2.66B in cash and $6B in long-term debt, and operating income covers interest expenses tenfold. LNG growth is a major future catalyst, with management expecting significant demand increases, but short-term ...

Baker Hughes Company (NASDAQ:BKR ) Q3 2024 Earnings Conference Call October 23, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Conference Call Participants David Anderson - Barclays Scott Gruber - Citigroup Stephen Gengaro - Stifel James West - Evercore ISI Saurabh Pant - Bank of America Marc Bianchi - TD Cowen Operator Good da...

Baker Hughes on Wednesday forecast continued pretax margin gains in the fourth quarter and next year after beating Wall Street estimates for its third-quarter profit.

Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.