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Zacks News
Based in Houston, TX, Baker Hughes Company is one of the world’s largest oilfield service providers. The integrated oilfield products and digital solutions of Baker Hughes help customers efficiently and cost-effectively refine and transport hydrocarbons with low environmental concerns. Moreover, with growing demand for clean energy and the need to curb greenhouse gas emissions, countries around the world are investing in LNG terminals. This has given Baker Hughes the opportunity to expand its reach beyond oilfields in order to capitalize on contracts for manufacturing equipment that is being used in LNG facilities.
Oil Drillers Keep Removing Rigs From Permian & Cana Woodford
by Zacks Equity Research
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
Drillers Remove Oil Rigs in Permian and Cana Woodford Basins
by Nilanjan Banerjee
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
Conservative Upstream Budget to Hurt Oilfield Services Firms
by Kaibalya Pravo Dey
Tight capital budget for exploration and production is expected to lower demand for oilfield services, affecting the profit levels of the companies operating in the industry.
Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play
by Zacks Equity Research
Since February 2018, drillers in the United States have added the highest number of rigs in a week.
Here's Why Investors Should Steer Clear of Baker Hughes (BKR)
by Zacks Equity Research
With lower spending by North American drillers, Baker Hughes (BKR) is likely to get fewer contracts related to oilfield services.
Can Microsoft Sustain Its Market-Beating Momentum in 2020?
by Zacks Equity Research
Microsoft (MSFT) is well poised to sustain its 2019 momentum in 2020, courtesy of an expanding Azure clientele and robust adoption of enterprise productivity offerings.
Drillers in US Plays Add Oil Rigs Despite Conservative Budget
by Nilanjan Banerjee
In Permian, drillers lower rigs in seven of eight weeks.
The Zacks Analyst Blog Highlights: CARBO, Hi-Crush, Baker Hughes, Covia and Smart Sand
by Zacks Equity Research
The Zacks Analyst Blog Highlights: CARBO, Hi-Crush, Baker Hughes, Covia and Smart Sand
Baker Hughes' Texas Facilities to be Powered by Renewables
by Zacks Equity Research
With the help of the renewable deal with EDF Energy, Baker Hughes (BKR) expects to reduce emissions by 1.2 million metric tons of CO2 equivalent through the next 10 years.
Frack Sand Providers Struggling to Stay Afloat: This is Why
by Nilanjan Choudhury
Even as oil and natural gas production in the United States have been reaching one high after the other, the stock prices of most frack sand providers have fallen substantially.
Oil Drillers Remove Rigs From Permian Basin & Cana Woodford
by Zacks Equity Research
In the Permian Basin, oil drillers remove rigs for seven weeks in a row.
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Diamond Offshore and Transocean
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Diamond Offshore and Transocean
Oil Drillers Continue to Remove Rigs From Permian Basin
by Zacks Equity Research
The count of oil rigs in the Permian fell for five consecutive weeks.
Microsoft to Drive Digital Overhaul of Oil & Gas Enterprises
by Radhika Pujara
Microsoft (MSFT) teams up with Baker Hughes (BKR) and C3.ai, to enable oil and gas enterprises with digital transformation.
Baker Hughes (BKR) Q3 Earnings Miss Estimates, Orders Rise
by Zacks Equity Research
Contributions from oilfield service businesses in the Middle East, Asia Pacific and Europe favor Baker Hughes' (BKR) year-over-year earnings growth in Q3.
Baker Hughes (BKR) Misses Q3 Earnings and Revenue Estimates
by Zacks Equity Research
Baker Hughes (BKR) delivered earnings and revenue surprises of -12.50% and -3.78%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Oil & Gas Stocks' Q3 Earnings Due on Oct 30: BKR, CLR & More
by Zacks Equity Research
Lower commodity prices and demand for energy products are expected to have affected oil and gas stocks' earnings in the third quarter of 2019.
Baker Hughes (BKR) to Report Q3 Earnings: What's in Store?
by Zacks Equity Research
The ramp up in international drilling operations is likely to have contributed to Baker Hughes' (BKR) third-quarter earnings.
Conservative E&P Spending Haunts Oil & Gas Equipment Industry
by Kaibalya Pravo Dey
Bleak overall demand outlook and conservative upstream spending in North America are affecting demand for oilfield equipment providers.
Baker Hughes (BKR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
by Zacks Equity Research
Baker Hughes (BKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SLB & HAL Q3 Earnings Review: International Operations Strong
by Nilanjan Banerjee
Significant exposure to profitable international markets have helped Schlumberger (SLB) and Halliburton (HAL) combat weak North American operations in third-quarter 2019.