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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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Wells Fargo Shuffles Ratings, Targets on 6 Oilfield Services Firms

High oil price is beneficial for Baker Hughes (BKR).

Baker Hughes (BKR) Stock Jumps 55.2% YTD: More Room to Run?

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a contract by TERNA, the construction arm of GEK TERNA Group, to supply gas turbines and compressors that can run on a blend of natural gas and hydrogen for a new compression station of the Greek Natural Gas Transmission System. The compression station will serve domestic gas supply in Greece. Baker Hughes will provide three compression trains for a total of three NovaLT12 hydrogen-read

Baker Hughes to Provide Hydrogen-Ready Turbo-Compression Technology for Pipeline in Greece

Baker Hughes Co (NASDAQ:BKR) announced on March 22 that it is partnering with C3.ai (AI), Accenture (ACN), and Microsoft (MSFT).

Baker Hughes Just Announced 3 Major Collaborations

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In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is higher than the prior-week tally.

Permian Oil Rig Count Increases in 8 of the Prior 9 Weeks

Baker Hughes BKR, +0.42% on Friday reported that the number of active U.S. rigs drilling for oil was up by seven to 531 this week. That followed a decline of three oil rigs the week before, Baker Hughes data show.

Baker Hughes reports a weekly climb in the U.S. oil-drilling rig count

The acquisition adds to Baker Hughes' (BKR) existing portfolio of oilfield technologies and integrated solutions.

Baker Hughes (BKR) Signs Deal to Acquire Altus Intervention

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HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Energy technology company Baker Hughes (NASDAQ: BKR) is collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and Microsoft on industrial asset management (IAM) solutions for clients in the energy and industrial sectors. The collaboration will focus on creating and deploying Baker Hughes IAM solutions that use digital technologies to help improve the safety, efficiency, and emissions profile of industrial machines, field equipment, and other

Baker Hughes Collaborates With C3 AI, Accenture and Microsoft on Industrial Asset Management Solutions

In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is in line with the prior-week tally.

Permian Oil Rig Count Falls After Rising For 7 Straight Weeks

U.S. oil field services company Baker Hughes said Saturday that it was suspending new investments for its Russia operations.

Baker Hughes joins oil rivals in pausing Russian operations

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes announces it has suspended new investments for its Russia operations.

Baker Hughes Announces Update on Russia Operations

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, April 20, 2022 to discuss the results for the first quarter ending March 31, 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 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will b

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

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Energy the lone sector losing ground, led by Valero and Baker Hughes as oil prices extend tumble

Permian Oil Rig Count Increases for 7 Straight Weeks

Baker Hughes BKR, +2.80% on Friday reported that the number of active U.S. rigs drilling for oil was up by eight to 527 this week. That was the biggest one-week gain since the week ended Feb. 11, Baker Hughes data show.

Baker Hughes reports biggest weekly rise in U.S. oil-drilling rig count in a month

The latest order demands a liquefaction train system, comprising 24 modularized compression trains manufactured by Baker Hughes (BKR).

Baker Hughes (BKR) to Provide LNG System for Plaquemines Project

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Energy stocks resume rally, led by Chevron and Baker Hughes as oil prices bounce back

HOUSTON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) has been awarded a contract and granted notice to proceed by Venture Global LNG to provide a liquefied natural gas (LNG) system for the first phase of the Plaquemines LNG project in Louisiana. The highly-efficient liquefaction train system (LTS) supplied by Baker Hughes is modularized, helping to lower construction and operational costs with a “plug and play” approach that enables faster installation. Baker Hughes manufactures, tests and tran

Baker Hughes Announces Major Turbomachinery Order for Venture Global LNG's Plaquemines LNG Project

In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is flat with the prior-week tally.

Permian Oil Rig Count Increases For 6 Straight Weeks

Baker Hughes BKR, +4.10% on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show.

Baker Hughes data show U.S. oil-drilling rig count down for the first time in 6 weeks

Baker Hughes BKR, +2.58% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show.

Baker Hughes data show U.S. oil-drilling rig count up 5 weeks in a row

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HOUSTON & DURHAM, N.C.--(BUSINESS WIRE)--Baker Hughes (NASDAQ:BKR), an energy technology company, has joined a strategic partnership with and invested in NET Power to advance the technical and commercial deployment of NET Power's low-cost, electric power system that generates no atmospheric emissions and inherently captures all carbon dioxide (CO2). The partnership, which brings together industry expertise to enable the global deployment of NET Power's technology solution, already includes McDe

Baker Hughes Partners with NET Power to Advance Development and Global Deployment of Zero-Emissions Power Plants

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News for Baker Hughes Co Stock (BKR)