Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
06 April 1987Website:
http://www.bakerhughes.comNext earnings report:
23 January 2025Last dividends:
04 November 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:43:19 GMTAnalysts recommendations
Institutional Ownership
BKR Latest News
Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has included the "Enterprise Tech Ecosystem Series: Baker Hughes 2024" company profile in its collection. This report offers details and insights about Baker Hughes' technology initiatives, such as:
BKR is seeing strong growth in its new energy sector, highlighting its increasing presence in technologies related to energy transition.
On November 14, 2024, in Baku, Azerbaijan, Baker Hughes and SOCAR signed a contract for a system that will help recover gas and remove hydrogen sulfide (H2S). This system aims to greatly decrease flaring at SOCAR's Heydar Aliyev Oil Refinery. The agreement was made during COP29, with key figures from both companies present.
HOUSTON--(BUSINESS WIRE)--Woodside Energy, Baker Hughes, and Bechtel have joined forces to support the United Way of Greater Houston by participating in a tricycle race. The event successfully raised $150,000 and included executives and racing teams from all three companies along with United Way. Woodside's Executive Vice President & Chief Operating Officer expressed pride in contributing to the local community through this initiative.
Lorenzo Simonelli, the CEO of Baker Hughes, talks about the energy forecast for various areas and mentions that "the demand for energy is rising, and we can expect ongoing growth in activity."
Josh Brown, the CEO of Ritholtz Wealth Management, appears on CNBC's 'Halftime Report' to explain his reasons for investing in the energy sector.
According to a report by energy services company Baker Hughes released on Friday, U.S. energy companies have maintained the same number of oil and natural gas rigs for the second consecutive week.
On Monday, Baker Hughes, a company that provides oilfield services, revealed that it has reached a deal to provide Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems. These systems will be used in Brazil's pre-salt fields located in the Santos Basin.
HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), a company focused on energy technology, announced on Monday that it has secured important contracts with Petrobras to supply 77 km of flexible pipe systems for use in Brazil's pre-salt fields. This agreement was finalized on October 15, 2024, after a competitive bidding process.
Baker Hughes Company shared mixed results for the third quarter, showing a strong backlog and better margins, but a drop in orders raises worries about future growth. The company is in a good financial position, holding $2.66 billion in cash and $6 billion in long-term debt, with operating income easily covering interest costs. LNG growth is seen as a key driver for the future, as management anticipates a big rise in demand, although there are still short-term uncertainties, particularly regarding regulations.
What type of business is Baker Hughes?
Baker Hughes Company is one of the largest global oilfield service companies, whose solutions cover the entire oilfield service chain: providing oilfield services, supplying oilfield equipment, developing turbomachinery and technological solutions, as well as providing digital solutions for oil and gas companies. The company was formed as a result of the merger of Baker Hughes Incorporated and the GE Oil & Gas division of General Electric Company in 2017. Baker Hughes' services are delivered through direct and indirect channels based on long-term contracts with customers. Clients include large integrated oil and gas companies, as well as companies involved in the development and maintenance of oil and gas fields.
What sector is Baker Hughes in?
Baker Hughes is in the Energy sector
What industry is Baker Hughes in?
Baker Hughes is in the Oil & Gas Equipment & Services industry
What country is Baker Hughes from?
Baker Hughes is headquartered in United States
When did Baker Hughes go public?
Baker Hughes initial public offering (IPO) was on 06 April 1987
What is Baker Hughes website?
https://www.bakerhughes.com
Is Baker Hughes in the S&P 500?
Yes, Baker Hughes is included in the S&P 500 index
Is Baker Hughes in the NASDAQ 100?
Yes, Baker Hughes is included in the NASDAQ 100 index
Is Baker Hughes in the Dow Jones?
No, Baker Hughes is not included in the Dow Jones index
When was Baker Hughes the previous earnings report?
No data
When does Baker Hughes earnings report?
The next expected earnings date for Baker Hughes is 23 January 2025