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The Latest Breaking News from Lorenzo Simonelli

Baker Hughes Delivers Growth as Energy Tech Expands

Baker Hughes tops Q3 estimates as LNG and energy tech orders surge, boosting margins and cash flow ahead of the Chart Industries acquisition

Baker Hughes buys Chart Industries for $13.6 billion, outbidding planned Flowserve merger

Baker Hughes buys Chart Industries for $13.6 billion, outbidding planned Flowserve merger

The Baker Hughes acquisition represents the biggest oilfield services deal in years as the fragmented industry consolidates.

The US energy slowdown is underway, and it’s spreading worldwide

The US energy slowdown is underway, and it’s spreading worldwide

The oil producers and services firms are cutting budgets and production is in decline mode.

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1 'Strong Buy' Energy Dividend Stock With 17% Upside Potential

The article highlights a top-rated energy dividend stock that promises a compelling 17% upside potential.

Meet the 25 most future-forward corporate boards in 2023

Fortune’s second annual Modern Board 25 ranking identifies the highest-performing and purpose-driven corporate boards.

CEOs are still bullish on decarbonization in wake of Inflation Reduction Act

Within the next two decades, an estimated 90% of U.S. businesses will face a physical risk to their business.

Why Are Baker Hughes Shares Trading Lower Today

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…

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Baker Hughes Tops Q4 Revenue Estimates, Clocks Order Growth Of 28%

Baker Hughes Tops Q4 Revenue Estimates, Clocks Order Growth Of 28%

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…

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