The Latest Breaking News from Baker Hughes

Oil and gas are currently trading lower than the record high prices they hit earlier this month. But with global tensions still unresolved, lingering supply constraints and rising demand have the potential to again drive oil prices to fresh highs. Therefore, we think it could be wise to bet on…

The University of Michigan's consumer sentiment index for February is scheduled for release at 10:00 a.m. ET. Analysts expect consumer sentiment improving slightly to 67.5 in February from 67.2 in January. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

Baker Hughes Co (NASDAQ:BKR) reported fourth-quarter revenue growth of 8% sequentially and flat year-over-year to $5.52 billion, beating the consensus of $5.49 billion. Orders grew by 28% Y/Y to $6.7 billion and were up 24% sequentially. Adjusted EPS improved to $0.25 compared to $(0.07) in 4Q20, missing the consensus of $0.28. GAAP operating…

U.S. rig counts are up by 228 vs. a year ago to 601, as Permian Basin output hits a record. That's good news for oil service giants Baker Hughes and Schlumberger.

Baker Hughes (NYSE:BKR) is set to give its latest quarterly earnings report on Thursday, 2022-01-20. Here's what investors need to know before the announcement. Analysts estimate that Baker Hughes will likely report an Earnings Per Share (EPS) of $0.28.