U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday.
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday.
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BKR has launched the industry's first fully electric subsea system, which will help boost efficiency, cut costs, and reduce carbon emissions in onshore and offshore operations.
Baker Hughes' cutting-edge gas compression technology should enhance the efficiency of production at the Jafurah gas field, further aiding Saudi Arabia's energy development.
While the top- and bottom-line numbers for Baker Hughes (BKR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
BKR has secured a multi-year contract from ExxonMobil Guyana to supply specialty chemicals for the Errea Wittu and Jaguar FPSOs in the Stabroek Block.
Baker Hughes Company (NASDAQ:BKR ) Q4 2024 Earnings Conference Call January 31, 2025 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Conference Call Participants Arun Jayaram - JPMorgan Securities David Anderson - Barclays Saurabh Pant - Bank of America Stephen Gengaro - Stifel Neil Mehta - Goldman Sachs & Co. Scott Gruber - Citigroup Kurt Hallead - Benchmark Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Higher operational performance across both segments and an improving EBITDA margin aid BKR's earnings in Q4.
Baker Hughes (BKR 3.55%), a global leader in energy technology services, announced its fourth-quarter results on Jan. 30. The company's adjusted EPS rose by 37.3% year over year to $0.70, outperforming the $0.62 analyst consensus.