Baker Hughes (BKR) shares soared 10.7% in the last trading session to close at $38.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.4% loss over the past four weeks.Oil prices have bounced back as investors remain hopeful that an energy market downturn is unlikely, thanks to a broader market recovery following President Donald Trump's move to pause "reciprocal" tariff hikes and implement a lower 10% tariff rate for most cou ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Baker Hughes (BKR) . This company, which is in the Zacks Oil and Gas - Field Services industry, shows potential for another earnings beat.This oilfield services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1 ...

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Baker Hughes Company (BKR) ), a leading energy technology company, has been awarded a multi-year contract by Dubai Petroleum Establishment (“DPE”), acting on behalf of Dubai Supply Authority, to provide integrated coiled-tubing drilling services for the Margham Gas storage project. The contract strengthens Baker Hughes' involvement in Dubai’s energy transition while enhancing the region's energy security.BKR Expands Role in Dubai’s Energy InfrastructureThe Margham Gas project plays a vital role in ensuring ...

CoilTrak™ system allows for increased reservoir connectivity through efficient slim-hole multilateral drillingProject strengthens Dubai’s low-carbon energy capabilitiesAward follows major order for Baker Hughes’ Integrated Compressor Line (ICL) units HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide ...

Core Insights - Baker Hughes has secured a multi-year integrated completions systems contract with Petrobras, aimed at optimizing production in Brazil's deepwater fields [1][5] - The contract will utilize Baker Hughes' advanced completions technology portfolio, including intelligent completions and conventional solutions, to enhance remote operations and multizone control [2][4] - The deployment of new technologies, such as the SureCONTROL Premium interval control valve, will improve reliability and allow real-time responses to well conditions [3][4] Technology and Innovation - Baker Hughes' completions technologies are specifically designed for deepwater, high-pressure wells, ensuring reliability in challenging environments [3] - The company will provide a range of technologies, including SureSENS downhole gauges, monitoring systems, chemical injection systems, and various safety valves [4] - The collaboration with Petrobras emphasizes continual innovation and testing to safely and efficiently develop Brazil's natural resources [3][5] Economic Impact - Baker Hughes has a long-standing role in the development of Brazil's offshore oil and gas fields, contributing to the local economy and strengthening the energy supply chain [5] - The localization strategy of Baker Hughes supports the Brazilian economy while enhancing operational efficiency in energy production [5]

New solutions will support remote operations in deepwater fieldsTechnology allows real-time response to evolving well conditions across multiple zones HOUSTON and LONDON, March 20, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes' innovative completions technology portfolio and extensive experience in Brazil to ...

Core Insights - Baker Hughes has received an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to meet the growing power demand from the data center market [1][2] - The NovaLT™ gas turbine is a multi-fuel solution capable of operating on natural gas, hydrogen blends, and 100% hydrogen, providing flexibility for customers [3] - The partnership with Frontier Infrastructure aims to deliver carbon capture and storage (CCS) and power generation technologies for data centers and industrial clients [1][4] Company Overview - Baker Hughes is an energy technology company with a century of experience, operating in over 120 countries, and focuses on providing innovative solutions for energy and industrial customers [5] - The company offers a diverse portfolio of power solutions, including natural gas, geothermal, hydrogen, and cogeneration technologies, aimed at supporting data center hyperscalers and project developers [4]

Core Viewpoint - Baker Hughes will announce its first quarter results for the period ending March 31, 2025, on April 22, 2025, with a subsequent webcast to discuss these results on April 23, 2025 [1]. Company Information - Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers globally, leveraging over a century of experience and operating in more than 120 countries [3]. - The company focuses on innovative technologies and services aimed at making energy safer, cleaner, and more efficient for both people and the planet [3]. Webcast Access - Listeners can access the webcast by visiting the Baker Hughes investor relations website, where an archived version will also be available after the live event [2]. Contact Information - For investor relations inquiries, Chase Mulvehill can be contacted at +1 346-297-2561 or via email at investor.relations@bakerhughes.com [4]. - For media relations, Adrienne M. Lynch is available at +1 713-906-8407 or media.relations@bakerhughes.com [4].

HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and NextDecade Corporation (NASDAQ: NEXT) and announced Tuesday that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes’ gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. “Utilizing Baker ...