U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
On October 21, 2025, activist investor Ananym Capital Management publicly disclosed a significant stake in Baker Hughes Company (NASDAQ: BKR, $47.04, Market Capitalization: $46.4 billion) and issued a call for the company's board and management to formally evaluate a tax-free spin-off of its Oilfield Services & Equipment (OFSE) business. According to Ananym, the strategic separation is the most...
Oilfield services giants SLB , Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America.
Baker Hughes NASDAQ: BKR proved its shareholders right and its skeptics wrong with a double-beat in its third-quarter earnings report. The energy technology company generated revenue of $7.01 billion, more than the $6.81 billion expected and up by 1% year-over-year (YOY).
Baker Hughes Company (NASDAQ:BKR ) Q3 2025 Earnings Call October 24, 2025 9:30 AM EDT Company Participants Chase Mulvehill - Vice President of Investor Relations Lorenzo Simonelli - Chairman, President & CEO Ahmed Moghal - Executive VP & CFO Conference Call Participants John Anderson - Barclays Bank PLC, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Stephen Gengaro - S...
Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity.
HOUSTON and LONDON, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday an award from Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia's natural gas fields. The order was booked in the third quarter of 2025.
Oilfield services provider Baker Hughes surpassed Wall Street expectations for third-quarter profit on Thursday, helped by strength in its industrial and energy technology unit.
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