Baker Hughes' Q4 results face pressure from weaker oil prices, but a recent acquisition may help offset macro headwinds.
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Baker Hughes (BKR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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U.S. oil companies want "serious guarantees" from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financial Times reported on Wednesday.
Baker Hughes lands a multi-year contract with Kuwait Oil Company to boost mature-field output with ESPs, real-time monitoring and automation.
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U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Tuesday.
Low reliance on debt should enable oilfield service companies to access capital on favorable terms in a volatile business environment, underpinning a promising outlook for the Zacks Oil and Gas- Field Services industry. HAL, BKR and OII are thus well poised to gain.
Ananym said it expects a potential separation could result in an about 51% immediate upside through realizing Baker's sum of parts valuation.
Chart Industries reported a Q3 loss due to a breakup fee from a replaced deal with Baker Hughes. Shareholders approved the new Baker Hughes proposal. GTLS's stock price reflects high confidence in deal completion.