Cactus Inc. and Baker Hughes have signed a deal to create a joint venture consisting of the latter's surface pressure control business. Cactus will have operational control with a 65 percent stake.

Baker Hughes booked net profits of $509 million, which was down from $694 million for the last quarter of 2024 on a GAAP basis, which represented a 27% decline.

Baker Hughes increased the dividend rate by 10% to $0.23/share, bringing the forward yield to 2.40%. BKR shares currently trade at a significant premium to its peers at 9.04x EV/EBITDA on an ...

A model of an equipment is displayed by energy services firm Baker Hughes during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.

U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs.

Baker Hughes will use a combined approach of coiled-tubing drilling and under-balanced drilling, incorporating its CoilTrak BHA system, to enhance underground gas storage projects.

Baker Hughes expects to bring EBITDA margins to 20% in OFS this year, and to 20% in IET by the end of 2026. The company also ended 2024 with a funds from operations (FFO) to debt ratio of 85% and ...

Baker Hughes secured a multi-year contract with Dubai Petroleum for coiled-tubing drilling in the Margham Gas project. The project enhances Dubai’s energy stability by integrating natural gas ...

Baker Hughes. Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in ...

We believe Baker Hughes enjoys high credit quality, with a low risk of default. As of the end of 2024, Baker Hughes carries long-term debt of $6 billion versus cash and equivalents of $3.4 billion.

Building on their 2022 memorandum of understanding, which aimed to advance the decarbonisation of the natural gas supply chain, Baker Hughes and Woodside have now signed a Technology Development ...

U.S.-based energy tech company Baker Hughes is joining with Australia’s Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for ...