Baker Hughes in the news

The U.S. rig count fell by 2 last week to 536, continuing a long-term decline mainly from reduced oil drilling, though oil rigs slightly increased.

Baker Hughes saw mixed institutional trading in Q1, positive analyst ratings, CEO share sales, and reported better-than-expected Q2 earnings with a dividend payout.

Baker Hughes will supply geothermal power generation equipment for Fervo Energy's scalable Cape Station project, delivering up to 500 MW of clean baseload power by 2028.

Baker Hughes secured a contract to supply key equipment for Fervo Energy's 300 MW geothermal power plants in Utah, advancing scalable renewable energy.

Provaris and Baker Hughes formalized a collaboration to advance compressed hydrogen transport and storage solutions for marine applications in Europe.

Edmond DE Rothschild significantly cut its Baker Hughes stake amid mostly positive analyst ratings and solid Q2 earnings, while the CEO sold shares and the company paid dividends.

Encompass Capital Advisors cut its Baker Hughes stake by 25% in Q1; CEO sold shares; analysts raised price targets amid solid Q2 earnings and a 2% dividend yield.

Amundi cut its Baker Hughes stake by 30% in Q1 amid mostly positive analyst ratings and strong Q2 earnings with a dividend announcement.

Baker Hughes saw mixed institutional trading activity, beat Q2 earnings estimates, maintains a moderate buy rating, and continues paying dividends while CEO sold shares.

The U.S. oil and gas drilling rig count rose slightly to 537 after a prolonged decline, according to Baker Hughes.

Commonwealth LNG is advancing its 9.5 MTPA LNG export project with Baker Hughes compressors powered by LM9000 turbines and Technip Energies leading EPC, targeting production by 2029.

U.S. rig count rose slightly after a slump, with oil rigs increasing and natural gas rigs declining, while activity in key regions like Texas and the Permian Basin showed mixed changes.

Permian Basin rig count dropped slightly amid falling oil prices, while national rig count rose marginally compared to last week.

U.S. oil and gas rig counts rose slightly after seven weeks of decline, with ongoing shifts in drilling activity influenced by price trends and future output forecasts.

Perbak Capital Partners and other investors increased holdings in Baker Hughes, which reported strong Q2 earnings and maintains positive analyst ratings.

Baker Hughes is actively expanding and innovating in Oman to support the country's energy transition, sustainability goals, and local talent development.

Baker Hughes is advancing production growth in Oman while pursuing net-zero goals and leadership development.

Provaris Energy and Baker Hughes formalize a partnership to develop compressed hydrogen solutions for marine transport and European hydrogen infrastructure projects.

Baker Hughes won a contract to provide geothermal equipment to Fervo Energy, expanding its role in geothermal energy solutions.

Baker Hughes will supply equipment for five 300 MW geothermal plants using ORC and EGS technology for Fervo Energy's Cape Station Phase II project in Utah.