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Lorenzo Simonelli, Baker Hughes chairman and CEO, joins 'Money Movers' to discuss where Baker Hughes fits into the AI story, the amount of power needed for the digitalization of the economy, and much more.
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The introduction of CarbonEdge is a significant leap in the CCUS technology, which positions BKR as a leading player in the industry.
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks in the biggest weekly rise in a year, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes Company is well-positioned in the energy sector, focusing on gas technology and LNG to meet global natural gas demand and enhance oil well production lifecycles. Management targets 20% EBITDA margins for OFSE and IET by 2025 and 2026, respectively, driven by operational enhancements and cost-cutting measures. Despite lower rig utilization and oil prices, Baker Hughes finds strength in enhanced oil recovery and subsea systems, with significant projects booked in gas tech and LNG.
Baker Hughes Company (NASDAQ:BKR ) Barclays 38th Annual CEO Energy-Power Conference Call September 4, 2024 8:35 AM ET Company Participants Lorenzo Simonelli - Chief Executive Officer Conference Call Participants Dave Anderson - Barclays Dave Anderson Since the merger of the GE Oil & Gas and Baker Hughes, we've been fortunate with our front-row seat to the company's transformation as they've used our conference to roll out its annual presentation and evolving strategy each year. So, it's been an impressive journey for the company, and I believe a lot of credit for Baker's execution strategy and culture belongs to Lorenzo Simonelli, CEO of Baker Hughes.
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U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday.
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was lower than the prior week, and the count for natural gas increased.