In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

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In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfie ...

Monty Rakusen/DigitalVision via Getty Images Helping Hands Baker Hughes Company (NASDAQ:BKR) is a financially solid, century-old, mid-size energy and industrial tech services company. Baker Hughes sells technology services and equipment and it monitors sites using software increasingly enhanced with AI. Suggested solutions are applied to upgrade and modernize energy and industrial plants and oilfield operations. The goal is to maximize efficiencies and sustainability. The company operates in an essential in ...

Copyright 2023 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used only for the benefit of Baker Hughes and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of Baker Hughes. Note: Free Cash Flow (FCF) is a non-GAAP measures – see appendix for GAAP to non-GAAP reconciliations. LNG market remains tight … rec ...

Lorenzo Simonelli - Chairman and Chief Executive Officer Conference Call Participants We also expect an increasing customer focus on efficiency gains and emissions reductions, offering meaningful opportunities for our IET and OFSE digital businesses, as we further deploy our Lucifer, Coordinate and Flare reduction solutions during this horizon. To illustrate, the IEA estimates that improving efficiencies by just 10% across oil and gas operations would save almost half a gigaton of CO2 per year, which is equ ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|-------|-----------------------------------------|-----------|----------------------------------------|---------| | (In millions) | | Three Months Ended September 30, \n2023 | 2022 | Nine Months Ended September 30, \n2023 | 2022 | | Net income (loss) | $ | 524 $ | (9) $ | 1,519 $ | (766) | | Less: Net income attributable to noncontrolling interests | | 6 | 8 | 16 | 17 | | Net income (loss) attrib ...

Baker Hughes Company (NASDAQ:BKR) Q2 2023 Earnings Conference Call July 19, 2023 8:30 AM ET Jud Bailey - Vice President of Investor Relations Conference Call Participants Marc Bianchi - TD Cowen David Anderson - Barclays Good day, ladies, and gentlemen. Welcome to the Baker Hughes Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. As a reminder, this conferenc ...

Copyright 2023 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used only for the benefit of Baker Hughes and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of Baker Hughes. 2 2Q 2023 RESULTS 4 Copyright 2023 Baker Hughes Company. All rights reserved. | --- | --- | --- | |-------|-------------------------- ...

During the first six months of 2023, we completed the acquisition of businesses for total cash consideration of $282 million, net of cash acquired, which consisted primarily of the acquisition of Altus Intervention in the OFSE segment in April 2023. Altus Intervention is a leading international provider of well intervention services and downhole technology. The assets acquired and liabilities assumed in these acquisitions were recorded based on preliminary estimates of their fair values as of the acquisitio ...