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Baker Hughes Co - BKR STOCK NEWS

Welcome to our dedicated news page for Baker Hughes Co (Ticker: BKR), a resource for investors and traders seeking the latest updates and insights on Baker Hughes Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Baker Hughes Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Baker Hughes Co's position in the market.

News
Baker Hughes Company Announces First-Quarter 2024 Results
Rhea-AI Summary
Baker Hughes Company reported strong first-quarter 2024 results with orders of $6.5 billion, revenue of $6.4 billion, net income of $455 million, and adjusted diluted EPS of $0.43. The company's adjusted EBITDA was $943 million, up 21% year-over-year, and free cash flow was $502 million. Baker Hughes also returned $368 million to shareholders through dividends and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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earnings
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Baker Hughes Declares Quarterly Dividend
Rhea-AI Summary
Baker Hughes (BKR) declared a quarterly dividend of $0.21 per share of Class A common stock, with an 11% increase from the previous quarter. The dividend will be payable on May 16, 2024, to shareholders of record on May 6, 2024, funded by cash generated from operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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dividends
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Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of Saudi Arabia’s Master Gas System
Rhea-AI Summary
Baker Hughes, an energy technology company, has been awarded a significant gas technology scope for Phase 3 of Saudi Arabia’s Master Gas System project. The company will supply 17 pipeline centrifugal compressors driven by aeroderivative gas turbines to increase gas distribution across Saudi Arabia, supporting the Kingdom’s goal of reducing carbon emissions. The order builds on the successful completion of Phase 1 and 2 agreements, showcasing Baker Hughes' commitment to sustainable energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
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clinical trial
News
Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project 
Rhea-AI Summary
Baker Hughes secures a contract to supply Cedar LNG in Canada with electric-driven liquefaction technologies, making it one of the lowest carbon intensity LNG facilities globally. The project is a significant step in the economic and social development of the Haisla Nation, allowing them to own and participate in a major industrial development in their territory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
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Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network
Rhea-AI Summary
Baker Hughes secures a contract with Snam to supply three turbocompressors driven by NovaLT™12 gas turbine technology, marking a significant step in decarbonizing Italy's gas network infrastructure. The contract is part of the Adriatic Line project, aiming to transport energy supplies from various regions to northern Europe.
Rhea-AI Impact
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End-of-Day
0.86%
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That’s So Metal: Baker Hughes Program Keeps Over 125 Million Pounds of Scrap Out of Landfills in 3 Years
Rhea-AI Summary
Baker Hughes partners with Venture Metals + to expand scrap metal recycling initiatives globally, diverting over 125 million pounds of scrap metals from 50 locations. The partnership aims to promote environmental stewardship, circular economy principles, and sustainable operations, with plans to expand to 5 key global locations by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
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Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough
Rhea-AI Summary
Baker Hughes (BKR) collaborates with bp to use flare.IQ technology for methane emissions monitoring, leading to reduced emissions from flaring. This breakthrough allows bp to intervene early based on real-time data from 65 flares across seven regions, achieving their Aim 4 milestone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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Baker Hughes Announces Dates for First Quarter 2024 Earnings Release and Webcast
Rhea-AI Summary
Baker Hughes (BKR) will release its first-quarter results on March 31, 2024, with a webcast scheduled for April 24, 2024. Investors can access the webcast on the Baker Hughes website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
earnings
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Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras
Rhea-AI Summary
Baker Hughes (BKR) secures a significant contract from Petrobras for integrated well construction services in the Buzios field offshore Brazil, solidifying its position as a key solutions provider in the region. The project, starting in 2025, includes a wide range of services across multiple rigs, showcasing Baker Hughes' expertise and commitment to excellence.
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End-of-Day
1%
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Baker Hughes Provides Lifesaving CPR and Defibrillator Training to Employees in Italy, U.K.
Rhea-AI Summary
Baker Hughes implements CPR and defibrillator training at IET facilities in Italy and the U.K. to improve cardiac arrest survival rates, with over 460 employees trained and 60 defibrillators installed. The company collaborates with local organizations to enhance resuscitation skills and plans to extend programs to other sites.
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Stock BKR logo
Baker Hughes Co

Nasdaq:BKR

BKR Rankings

#358 Ranked by Market Cap
#746 Ranked by Stock Gains
#1253 Ranked by Dividends

BKR Stock Data

32.24B
998.37M
0.14%
98.08%
2.53%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
Link
US
Houston

About BKR

baker hughes incorporated (nyse: bhi) provides reliable, practical solutions when and where our customers need them to lower costs, reduce risk and improve productivity. from the reservoir to the refinery we create value with high-performance products and services to analyze, drill, evaluate, complete and produce oil and gas reserves and then transport and refine the hydrocarbons. for over a century, innovation has been part of our dna. baker hughes was formed in 1986 with the merger of baker international and hughes tool company—both founded over 100 years ago when r.c. baker and howard hughes conceived ground-breaking inventions that revolutionized the fledgling petroleum era. since those earliest advancements, we’ve never stopped searching for solutions to conquer the next frontier. collaboration is at the heart of our business. with 49,000 employees in more than 80 countries, our local geomarket teams work side by side with customers to engineer reliable, practical solutions—wh