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Baker Hughes Company (NASDAQ: BKR) |
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Price: $42.8400
$1.10 
2.635%
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| Day's High:
| $42.97
| Week Perf:
| 4.08 %
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| Day's Low: |
$ 41.91 |
30 Day Perf: |
-7.69 % |
| Volume (M): |
4,684 |
52 Wk High: |
$ 49.40 |
| Volume (M$): |
$ 200,645 |
52 Wk Avg: |
$37.62 |
| Open: |
$42.22 |
52 Wk Low: |
$30.93 |
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| Market Capitalization (Millions $) |
42,826 |
| Shares
Outstanding (Millions) |
1,000 |
| Employees |
58,000 |
| Revenues (TTM) (Millions $) |
27,829 |
| Net Income (TTM) (Millions $) |
3,008 |
| Cash Flow (TTM) (Millions $) |
718 |
| Capital Exp. (TTM) (Millions $) |
1,278 |
Baker Hughes Company
Baker Hughes Company is a leading multinational industrial service company with a significant presence in the oil and gas sector. Founded in 1907, the company is headquartered in Houston, Texas. Over the years, Baker Hughes has evolved through various mergers and acquisitions, notably merging with GE Oil & Gas in 2017, which enabled it to enhance its technological capabilities and broaden its service offerings.
Core Services and Offerings
Baker Hughes provides a variety of specialized services and products aimed at enhancing the efficiency and productivity of oil and gas operations. Their offerings are categorized into several key areas:
1. Oilfield Services: This includes drilling services, evaluation, and completion technologies. Baker Hughes employs advanced techniques and equipment to assist in the exploration and extraction of hydrocarbons.
2. Production Technologies: The company offers solutions that optimize oil and gas production. This includes artificial lift systems, flow assurance technologies, and subsea production systems.
3. Reservoir Consulting: Baker Hughes provides in-depth analysis, modeling, and consultancy services to help clients understand reservoir behavior and maximize recovery rates through enhanced oil recovery techniques.
4. Digital Solutions: Leveraging data analytics, automation, and software solutions, Baker Hughes assists clients in making data-driven decisions. Their digital technologies help optimize operations and reduce costs.
5. Industrial Services: Beyond oil and gas, Baker Hughes offers services in industrial sectors, including power generation and renewable energy services.
Global Operations
Baker Hughes operates in over 120 countries, ensuring a broad reach and the ability to address diverse market needs. This global footprint allows the company to leverage local expertise while adhering to international standards.
Commitment to Sustainability
Baker Hughes places a strong emphasis on sustainability and innovation. The company is dedicated to developing technologies and solutions that minimize environmental impact, improve operational efficiency, and contribute to the responsible extraction and utilization of energy. Strategies include investments in renewable energy technologies, carbon capture solutions, and initiatives aimed at reducing greenhouse gas emissions.
Innovations and Technology Development
Innovation is at the core of Baker Hughes mission. The company invests heavily in research and development to create advanced technologies that enhance oil and gas operations. This includes developments in artificial intelligence, machine learning, and advanced data analytics, which play a crucial role in optimizing drilling operations, improving asset performance, and enhancing safety.
Market Position and Competitors
Baker Hughes is one of the largest oilfield services companies globally, competing with other industry leaders such as Schlumberger, Halliburton, and Weatherford. The company's comprehensive suite of services, technological advancements, and strong customer relationships contribute to its competitive advantage in the market.
Recent Trends and Developments
In response to changing market dynamics and the push for sustainable energy practices, Baker Hughes has been actively diversifying its portfolio to include more renewable energy solutions. The companys innovations in hybrid energy systems and emissions-reducing technologies reflect its commitment to supporting the energy transition.
Additionally, Baker Hughes has formed various strategic partnerships and joint ventures to enhance its capabilities and expand its offerings in both conventional and renewable energy sectors.
In summary, Baker Hughes Company stands out for its extensive service offerings, global presence, commitment to sustainability, and strong focus on innovation, aiming to meet the evolving needs of the energy industry while addressing global energy challenges.
Company Address: 575 N. Dairy Ashford Rd., Houston, 77079 TX
Company Phone Number: 439-8600 Stock Exchange / Ticker: NASDAQ BKR
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Customers Net Income fell by |
BKR's Customers Net Profit Margin fell to |
-44.98 % |
7.16 %
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| Stock Performances by Major Competitors |
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| Contract
Published Mon, Feb 3 2025 8:33 AM UTC
FLORENCE, Italy, Feb. 03, 2025 Argent LNG LLC (Argent LNG) has announced a strategic partnership with Baker Hughes (NASDAQ: BKR), a leading energy technology provider, to support the development of its proposed liquefied natural gas (LNG) export facility in Port Fourchon, Louisiana. The collaboration was unveiled during Baker Hughes Annual Meeting held in Florence, Italy....
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| Product Service News
Published Thu, Nov 21 2024 1:01 PM UTC
Baker Hughes Bolsters Namibian Energy Sector with New Facilities WALVIS BAY, Namibia, Nov. 21, 2024 Baker Hughes (NASDAQ: BKR), a leading global energy technology company, made a significant stride in expanding its footprint in Namibia with the inauguration of three new state-of-the-art facilities in Walvis Bay: a liquid mud plant, a cement bulk facility, and an integrated...
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| Contract
Published Thu, Nov 14 2024 4:01 PM UTC
In a significant move towards sustainability, Baker Hughes (NASDAQ: BKR), a renowned energy technology company, recently announced a groundbreaking contract with the State Oil Company of Azerbaijan Republic (SOCAR). This agreement, unveiled at COP29 in Baku, aims to implement an integrated gas recovery and hydrogen sulfide (H?S) removal system at the Heydar Aliyev Oil Refine...
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| Baker Hughes Company
Understanding Baker Hughes Company's Recent Financial Performance: A Comprehensive AnalysisBaker Hughes Company (NASDAQ: BKR), a leading player in the global energy technology sector, recently reported astonishing financial results for the third quarter of 2024. With profits soaring by nearly 51% and a modest increase in revenue, the company's performance stands out, especially considering the broader challenges faced by the Miscellaneous Fabricated Products industry. Below, we break down the key facts and implications of Baker Hughes' latest earnings report, shedding light on the factors driving its success. Earnings Overview1. Significant Profit Growth - Baker Hughes reported earnings of $0.77 per share, a remarkable increase of 50.98% compared to the same quarter last year when earnings were $0.58 per share. - The company's net earnings rose to $774 million, marking a 47.71% increase from the $524 million reported in the same quarter a year prior.
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| Dividend
Published Tue, Oct 22 2024 8:06 PM UTC
Baker Hughes, a prominent player in the global energy technology sector, continues to make strategic financial decisions to bolster investor confidence. On October 22, 2024, Baker Hughes (NASDAQ: BKR) announced a quarterly cash dividend of $0.21 per share of Class A common stock. This dividend is set to be disbursed on November 14, 2024, to shareholders on record as of Novem...
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| Per Share |
Current |
| Earnings (TTM) |
2.99 $ |
| Revenues (TTM) |
27.84 $
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| Cash Flow (TTM) |
0.72 $ |
| Cash |
-
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| Book Value |
17.06 $
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| Dividend (TTM) |
0.84 $ |
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| Per Share |
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| Earnings (TTM) |
2.99 $
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| Revenues (TTM) |
27.84 $ |
| Cash Flow (TTM) |
0.72 $ |
| Cash |
-
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| Book Value |
17.06 $ |
| Dividend (TTM) |
0.84 $ |
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| Oilfield Services Equipment |
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 57.37 % |
of total Revenue |
| Oilfield Services Equipment North America |
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14.06 % |
of total Revenue |
| Oilfield Services Equipment Latin America |
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9.38 % |
of total Revenue |
| Oilfield Services Equipment Europe CIS Sub-Saharan Africa |
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13.51 % |
of total Revenue |
| Oilfield Services Equipment Middle East Asia |
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20.43 % |
of total Revenue |
| Oilfield Services Equipment Well Construction |
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15.2 % |
of total Revenue |
| Oilfield Services Equipment Completions Intervention Measurements |
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14.61 % |
of total Revenue |
| Oilfield Services Equipment Production Solutions |
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14.23 % |
of total Revenue |
| Oilfield Services Equipment Subsea Surface Pressure Systems |
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13.33 % |
of total Revenue |
| Industrial Energy Technology |
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42.63 % |
of total Revenue |
| Industrial Energy Technology Gas Technology Equipment |
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18.54 % |
of total Revenue |
| Industrial Energy Technology Gas Technology Services |
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10.09 % |
of total Revenue |
| Industrial Energy Technology Total Gas Technology |
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28.63 % |
of total Revenue |
| Industrial Energy Technology Industrial Products |
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7.53 % |
of total Revenue |
| Industrial Energy Technology Industrial Solutions |
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3.72 % |
of total Revenue |
| Industrial Energy Technology Total Industrial Technology |
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11.25 % |
of total Revenue |
| Industrial Energy Technology Climate Technology Solutions |
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2.76 % |
of total Revenue |
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7.67% 