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

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Earnings data Q1 2024

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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.

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Baker Hughes Company (NYSE: BKR) resulting from allegations that Baker Hughes may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Baker Hughes securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra

BREAKING ALERT: Rosen Law Firm Encourages Baker Hughes Company Investors with Losses to Inquire About Class Action Investigation – BKR

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Baker Hughes Company's (BKR) weekly rig count data reveals that oil and gas drillers in the United States continue to add rigs in shale plays.

Permian Basin Witnesses Addition of 4 Oil Drilling Rigs

C3.ai

REDWOOD CITY, Calif. & HOUSTON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) have announced the launch of BHC3™ Production Schedule Optimization (PSO), an enterprise AI application for industrial demand planning and manufacturing production scheduling. The application improves supply chain and delivery performance for highly engineered products while minimizing manufacturing costs by generating industrial customer demand predictions and optimal production schedules using a hol

Baker Hughes & C3 AI Release BHC3 Production Schedule Optimization Application for Demand Planning & Manufacturing Production Scheduling

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The JV deal with Akastor signifies Baker Hughes' (BKR) value generation capabilities from assets during challenging times.

Baker Hughes (BKR) Merges Subsea Drilling With Akastor Affiliate

OSLO, Norway, March 2, 2021 /PRNewswire/ -- Reference is made to the stock exchange release from earlier today whereby Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) announced an agreement to create a joint venture that will bring together Baker Hughes' Subsea Drilling Systems...

Akastor ASA: Investor presentation on joint venture involving MHWirth

Engineering companies Baker Hughes and Akastor plan to merge their offshore oil drilling equipment units to form a global company serving the energy industry, the U.S. and Norwegian firms said in a joint statement on Tuesday.

Baker Hughes, Akastor merging offshore oil drilling ops

HOUSTON and FORNEBU, Norway, March 2, 2021 /PRNewswire/ -- Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes' Subsea Drilling Systems (SDS) business with Akastor's wholly owned...

Akastor ASA: Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions

HOUSTON & FORNEBU, Norway--(BUSINESS WIRE)--Baker Hughes and Akastor ASA will bring together Baker Hughes' SDS business and Akastor's subsidiary MHWirth AS.

Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions

Oilfield services provider Baker Hughes said the Securities and Exchange Commission is conducting an investigation into the company's sale of products in projects that were impacted by U.S. sanctions.

Baker Hughes discloses SEC probe over projects affected by U.S. sanctions

U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row, but the rate of growth slowed in February even as oil prices rose to their highest since 2019.

U.S. drillers add rigs for seventh month in a row, pace slows - Baker Hughes

Baker Hughes and AXA Group and 16 other companies recently wound down work on Russia's Nord Stream 2 natural gas pipeline and would not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.

Exclusive: Baker Hughes, AXA Group, 16 others stopped work on Nord Stream 2 pipeline - U.S.

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

Baker Hughes (BKR) Up 3.8% Since Last Earnings Report: Can It Continue?

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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes announces agreement to acquire ARMS Reliability to strengthen industrial asset management portfolio.

Baker Hughes Signs Agreement to Acquire ARMS Reliability to Strengthen Asset Performance Management Portfolio

American Oil & Gas Drillers Add Rigs for 12 Successive Weeks

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Baker Hughes CEO Lorenzo Simonelli expects demand to start recovering in the second half of 2021, due to the vaccine rollout and improving economic situation.

Oil company Baker Hughes is 'cautiously optimistic' on the outlook for energy demand

American Oil & Gas Drillers Add Rigs for 10 Successive Weeks

HOUSTON & LONDON--(BUSINESS WIRE)--Companies will work together to retrofit existing turbines to run on hydrogen blends

Baker Hughes and NOVATEK Partner to Develop Pioneering Lower Carbon Hydrogen Solution for LNG Trains

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American Oil & Gas Drillers Add Rigs for 9 Successive Weeks

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General Electric Co. disclosed Monday that it raised about $735 million by trimming its large Baker Hughes Co. stake, a day after the oilfield products and services company reported disappointing fourth-quarter results.

GE sold $735 million worth of Baker Hughes stock

Baker Hughes' (BKR) CEO Lorenzo Simonelli on Q4 2020 Results - Earnings Call Transcript

News for Baker Hughes Co Stock (BKR)