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Baker Hughes Reports May 2020 Rig Counts
Baker Hughes Says Board Elected Lorenzo Simonelli As Chairman Of Board
Baker Hughes Co Declared A Cash Dividend Of $.18 Per Share Of Class A Common Stock
Baker Hughes Co, formerly Baker Hughes, a GE Company, is an oilfield services company. The Company provides oilfield products, services and digital solutions. It operates through four business segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). OFS provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. OFE provides a broad portfolio of products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface production facilities. TPS provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. DS provides operating technologies for the health, productivity and safety of asset intensive industries and enable the industrial Internet of Things.
Oil Well Services & Equipment
17021 Aldine Westfield Rd
Chairman of the Board, President, Chief Executive Officer
Chief Financial Officer
Maria Claudia Borras
Executive Vice President - Oilfield Services
Executive Vice President - Turbomachinery and Process Solutions
Executive Vice President - Oilfield Equipment
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Price To Book (MRQ)
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U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a ninth week in a row although the reductions have slowed as higher oil prices prompt some producers to start drilling again.
Oil was up 2% on Monday on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally.
Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound.
Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a sixth week in a row even as oil prices rebound from historic lows and some producers return to the wellhead.
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a fifth week in a row even as some producers begin to reverse cuts as prices recover from historic lows caused by a slump in fuel demand amid coronavirus lockdowns.
Oilfield services provider Baker Hughes Co <BKR.N> on Friday agreed to sell its Lufkin rod lift unit to private equity fund manager KPS Capital Partners for an undisclosed amount.
Oilfield firm Baker Hughes Co <BKR.N> on Wednesday reported a $10 billion (8.09 billion pounds) first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment.
* BAKER HUGHES CEO SAYS AGREE WITH VIEW THAT GAS MARKETS COULD CORRECT SLIGHTLY FASTER THAN OIL
Oilfield services provider Baker Hughes Co reported an 8% fall in first-quarter adjusted profit on Wednesday and booked over $16 billion in impairment and restructuring charges.
Oilfield services provider Baker Hughes Co said on Monday it will take a $1.5 billion charge to its first-quarter earnings, write down the value of its oilfield business and slash this year's capital spending by 20%.
Baker Hughes Co said on Monday it would take a $15 billion non-cash goodwill impairment charge in the first quarter.
Oilfield service firm Baker Hughes Co could cut capital spending this year up to 30% and may shut some manufacturing facilities in Italy due to the coronavirus, an executive said on Tuesday.
Office-sharing startup WeWork named former Baker Hughes finance chief Kimberly Ross as its new chief financial officer on Monday, weeks after it appointed Sandeep Mathrani as its chief executive officer.
The U.S. oil rig count rose for a third week in a row even though growth in the country's largest shale formation slows as producers cut spending on new drilling for a second consecutive year.
Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
U.S. energy firms added oil rigs for a second week in a row as crude prices, which have dropped about 15% this year, were set to rise this week as investor concerns began to ease over the long-term economic impact of the coronavirus.
U.S. energy firms reduced the number of oil rigs operating for the first time in three weeks as producers follow through on plans to slash spending on new drilling for a second consecutive year in 2020.
U.S. energy firms added oil rigs for a second consecutive week, raising doubts over producers' plans to continue reducing spending on new drilling for a second year in a row in 2020.
Oilfield services provider Baker Hughes Co <BKR.N> on Wednesday posted lower-than-expected earnings, hit by lower sales and orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.