Baker Hughes Company (NASDAQ:BKR ) Q3 2024 Earnings Conference Call October 23, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Co...

BKR's Q3 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, driven by margin expansion.

Third-quarter highlights Orders of $6.7 billion , including $2.9 billion of IET orders. RPO of $33.4 billion , including record IET RPO of $30.2 billion.

Baker Hughes (BKR) has a strong focus on gas technology and LNG, both of which are essential for addressing the rising global demand for natural gas.

Gas and nuclear power are set to be a large part of providing energy for decades to come.

BKR lands record compressor line order from Dubai Petroleum, enhancing gas storage at the Margham facility to support the UAE's clean energy goals.

The energy sector has underperformed in 2024 due to declining oil prices amid weakened demand and oversupply. An economic stimulus package in China and increased geopolitical tensions in the Middle...

Increasing corn yields support investment in agriculture machinery and precision agriculture solutions from Deere. Tesla has the first-mover advantage in the electric vehicle market.

Lorenzo Simonelli, Baker Hughes chairman and CEO, joins 'Money Movers' to discuss where Baker Hughes fits into the AI story, the amount of power needed for the digitalization of the economy, and mu...

Baker Hughes Company is well-positioned in the energy sector, focusing on gas technology and LNG to meet global natural gas demand and enhance oil well production lifecycles. Management targets 20%...

Baker Hughes Company (NASDAQ:BKR ) Barclays 38th Annual CEO Energy-Power Conference Call September 4, 2024 8:35 AM ET Company Participants Lorenzo Simonelli - Chief Executive Officer Conference Cal...

Baker Hughes CEO Lorenzo Simonelli expects weakness in the US drilling market for the second half of this year, but he says global energy demand is rising. Simonelli says there are also opportuniti...

Management's restructuring is working, particularly in expanding margins in both segments. Natural gas infrastructure, LNG, and new energy orders are supportive of growth at Baker Hughes.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the lat...

Strict capital discipline by upstream energy companies is acting as a dampener, thereby making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. SLB, BKR, HLX and SOI are expec...