The Latest Breaking News from BKR

Rising demand for oil and gas, production cuts, and declining inventory are anticipated to push oil prices up in the upcoming months. Given the immense resilience within the energy sector, let’s compare energy stocks Exxon Mobil (XOM) and Baker Hughes (BKR) to determine which of these two players could be…

Baker Hughes is among the rallying energy companies riding the wave of rising oil prices. BKR stock eyes an entry, trades near 2023 highs.

BKR stock, the IBD Stock Of The Day, trades about 6% below a buy point as oil and LNG markets show no signs of weakening.

While the bear market continues, Baker Hughes taps new hydrogen initiatives, helping BKR stock drill toward a breakout.

Baker Hughes Co (NASDAQ:BKR) reported first-quarter revenue growth of 1% year-over-year and a 12% decline sequentially to $4.84 billion, missing the consensus of $5.03 billion. Orders grew by 51% Y/Y to $6.84 billion and were up 3% sequentially. Baker recorded strong orders from TPS as the LNG order cycle continued to unfold. Revenues…

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…

Rising energy demand from the reopening global economy in the face of relatively tight oil and natural gas supplies should keep their prices high. So, oil & gas companies Schlumberger (SLB) and Baker Hughes (BKR) should benefit from a favorable industry backdrop. But which of these stocks is a better…

Shares of Baker Hughes (BKR) have generated solid momentum over the past year, fueled by the industry tailwinds. However, BKR’s earnings fell short of the consensus estimate in its last reported quarter, and the company expects pandemic-related disruptions to drag on through the coming months. But with the EIA forecasting…

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…