BHI - Baker Hughes Incorporated

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  • InvestorPlace27 days ago

    Schlumberger Meets Estimates, Expects Continued Profit Growth

    Schlumberger (NYSE:SLB) met expectations in its second-quarter earnings report. The world’s largest oilfield services firm grew both earnings and revenue as exploration and production (E&P) begins its climb from the recent slump in oil prices. Despite increasing SLB earnings, Schlumberger’s stock still trades near multi-year lows.

  • Baker Hughes second quarter profit misses estimate; outlook upbeat
    Reuters27 days ago

    Baker Hughes second quarter profit misses estimate; outlook upbeat

    Baker Hughes, General Electric Co's oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year. Revenue from its oilfield equipment business, which includes deepwater drilling, fell 9.4 percent to $617 million in the second quarter, missing analysts' estimate of $648.2 million. "North American production is increasing as operators grow rig and well counts, and we are seeing signs of increasing international activity in some geomarkets," Chief Executive Officer Lorenzo Simonelli said.

  • Reuters2 months ago

    The culture clash behind GE's quick exit from Baker Hughes stake

    When General Electric Co (GE.N) bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue. GE promised to digitalize oilfields worldwide, marrying its expertise in big data, analytical software and subsea equipment with Baker Hughes' experience in drilling services, chemicals and tools. The retreat comes amid slipping market share, management missteps and culture clashes that have unsettled employees and frustrated suppliers and customers, according to data reviewed by Reuters and interviews with more than 30 employees, former employees, recruiters, analysts, suppliers and customers.

  • Baker Hughes explores sale of gas metering business - sources
    Reuters4 months ago

    Baker Hughes explores sale of gas metering business - sources

    Oilfield services firms are seeking to tighten their focus to their core operations, as oil prices continue their recovery from their January 2016 lows. Baker Hughes' unit for sale, which makes sensors and monitors for industrial clients such as petrochemical makers and power generators, is expected to attract interest from other manufacturers of such devices, according to one of the sources.

  • Reuters5 months ago

    Baker Hughes, GE sign contract with Iraq to process natural gas at two fields

    Baker Hughes and General Electric signed a contract with Iraq's government on Monday to process natural gas extracted alongside crude oil at two fields in southern Iraq, the oil ministry said. The plan was first announced by GE last July and is part of Iraq's efforts to stop flaring gas associated with oil by 2021. Iraq continues to flare some of this gas because it lacks the facilities to process it into fuel for local consumption or exports.

  • Update: Permian Rig Counts and New Well Production
    Market Realist5 months ago

    Update: Permian Rig Counts and New Well Production

    Permian Still Integral to US Crude Oil Production Story

  • MLPs that Could Benefit from Strong Permian Growth
    Market Realist5 months ago

    MLPs that Could Benefit from Strong Permian Growth

    Key Update on Master Limited Partnerships

  • Reuters7 months ago

    GE's Baker Hughes adjusted profit beats on higher North America demand

    General Electric (GE.N) and Baker Hughes closed a merger of their oilfield services businesses in July, and Wednesday's report was the second combined earnings release for the newly formed company. GE's Baker Hughes reported revenue of $5.76 billion in the fourth quarter, up 7 percent sequentially but down 3 percent from a year ago on a combined basis. Excluding items, Baker Hughes earned 15 cents per share, beating analysts' average estimate by 1 cent.

  • Baker Hughes, a GE Company's Shares Didn't REALLY Drop 51% in 2017, but It Was Still a Bad Year
    Motley Fool7 months ago

    Baker Hughes, a GE Company's Shares Didn't REALLY Drop 51% in 2017, but It Was Still a Bad Year

    The merger between Baker Hughes and GE's oil and gas assets wasn't responsible for a 33% price decline by itself.

  • Should You Be Tempted To Sell Baker Hughes a GE company (NYSE:BHGE) Because Of Its PE Ratio?
    Simply Wall St.7 months ago

    Should You Be Tempted To Sell Baker Hughes a GE company (NYSE:BHGE) Because Of Its PE Ratio?

    Baker Hughes a GE company (NYSE:BHGE) is currently trading at a trailing P/E of 49.4x, which is higher than the industry average of 22.6x. Although some investors may jump toRead More...

  • Louisiana Sees Decline in Onshore & Offshore Rig Count
    Zacks7 months ago

    Louisiana Sees Decline in Onshore & Offshore Rig Count

    The total number of rigs, exploring oil and natural gas, fell for two weeks in a row.

  • Market Realist7 months ago

    Top 5 Oilfield Services Stocks for 4Q17 by Earnings Growth

    Analysts forecast NOV’s adjusted EPS (earnings per share) to be -$0.04 in 4Q17 compared to adjusted earnings of -$0.07 in 3Q17.

  • Associated Press7 months ago

    US rig count down by 5 to 924

    The number of rigs exploring for oil and natural gas in the U.S. declined by five this week to 924. That exceeds the 665 rigs that were active this time a year ago. Houston oilfield services company Baker ...

  • TheStreet.com7 months ago

    Baker Hughes Oil Rig Count Drops By 5

    Offshore rigs fell one day after the Trump administration said the U.S. will open up much of its offshore waters to drilling, reversing a Obama-era decision on the matter.

  • Market Realist7 months ago

    What Are the Trends in Rig Activity in the Eagle Ford?

    In the latest US rig count released by Baker Hughes (BHI), the number of active US rigs drilling for oil and gas stayed flat between December 15 and December 22 at 70.

  • Market Realist8 months ago

    The Lowest Free Cash Earner in Oilfield Services Industry in 3Q17

    Baker Hughes’s FCF was -$559.0 million in 3Q17, and it had been negative in six out of the past 13 quarters.

  • Market Realist8 months ago

    Ranking the Bottom 5 OFS Companies by Free Cash Flow

    In this series, we'll analyze the bottom five FCF generators in 3Q17 in the OFS industry, excluding the offshore drillers. We selected OFS companies with market capitalization exceeding $100 million.

  • TheStreet.com8 months ago

    General Electric Has Seen Almost $70 Billion of Its Value Disappear in 2017

    The new tax reform bill could cost GE billions of dollars, according to a Deutsche Bank analyst.

  • Associated Press8 months ago

    US rig count rises by 1 to 931

    The number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 931. That exceeds the 653 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes ...

  • InvestorPlace8 months ago

    3 Reasons To Be Bullish on General Electric Company Stock

    This year has seen the revival of industrial stocks, such as with Boeing Co (NYSE:BA), Honeywell International Inc. (NYSE:HON) and 3M Co (NYSE:MMM). Consider that GE stock is off 45% to $17.50. As for the new CEO, John Flannery, he has embarked on yet another restructuring of the company.