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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US Oil Drillers Add Rigs Despite Conservative Capital Budget

When oilfield services company Baker Hughes Co. (NYSE: BKR) reported fourth-quarter results on Wednesday, it became the sole member of a club comprised of big oilfield services companies that posted an annual profit.

Why Wall Street Wants to Stick With Baker Hughes

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Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q4 2019 Results - Earnings Call Transcript

Lower contributions from flexible pipe and surface pressure control businesses hurt Baker Hughes (BKR) in Q4 earnings.

Baker Hughes (BKR) Misses Earnings & Revenue Estimates in Q4

Baker Hughes Co.  reported Wednesday fourth-quarter profit and revenue that rose less than expected, as beats in oilfield services and turbomachinery and process solutions revenue was offset by a miss in oilfield equipment.

Baker Hughes adjusted profit and revenue rise, but miss expectations

The ramp-up in international drilling operations has likely contributed to Baker Hughes' (BKR) Q4 earnings.

Overseas Strength to Aid Baker Hughes' (BKR) Q4 Earnings

Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on the drilling of new wells.

US Oil Drillers Spend Conservatively: Rig Count Slides Again

The oilfield services company enjoyed a broader rally and a positive analyst initiation.

Why Baker Hughes Stock Popped 14.3% in December

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Oil Drillers Keep Removing Rigs From Permian & Cana Woodford

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Drillers Remove Oil Rigs in Permian and Cana Woodford Basins

Since February 2018, drillers in the United States have added the highest number of rigs in a week.

Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play

In Permian, drillers lower rigs in seven of eight weeks.

Drillers in US Plays Add Oil Rigs Despite Conservative Budget

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Better Buy: Baker Hughes vs. ExxonMobil

With the help of the renewable deal with EDF Energy, Baker Hughes (BKR) expects to reduce emissions by 1.2 million metric tons of CO2 equivalent through the next 10 years.

Baker Hughes' Texas Facilities to be Powered by Renewables

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Oil Drillers Remove Rigs From Permian Basin & Cana Woodford

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Microsoft (MSFT) teams up with Baker Hughes (BKR) and C3.ai, to enable oil and gas enterprises with digital transformation.

Microsoft to Drive Digital Overhaul of Oil & Gas Enterprises

Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q3 2019 Results - Earnings Call Transcript

Contributions from oilfield service businesses in the Middle East, Asia Pacific and Europe favor Baker Hughes' (BKR) year-over-year earnings growth in Q3.

Baker Hughes (BKR) Q3 Earnings Miss Estimates, Orders Rise

Baker Hughes (BKR) delivered earnings and revenue surprises of -12.50% and -3.78%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Baker Hughes Co Stock (BKR)