Baker Hughes (BKR) News Today

Baker Hughes Company (NASDAQ: BKR) shares are trading higher, supported by new international partnerships, positive long-term industry outlooks and a solid balance sheet, even as U.S. rig counts continue to fall.

• Positive Sentiment: Naftogaz and Baker Hughes ink a deal to modernize Ukraine’s energy infrastructure, potentially opening a new revenue stream in a key growth market Naftogaz, Baker Hughes ink deal to modernize Ukraine’s energy
• Positive Sentiment: Baker Hughes to assist Naftogaz with oil exploration and production under a memorandum at URC-2025, enhancing its presence in Eastern Europe Baker Hughes will help Naftogaz with oil exploration and production – memo at URC-2025
• Positive Sentiment: CEO Lorenzo Simonelli sees “long-term positive trends” for the oil industry despite short-term volatility, underscoring confidence in sustained demand growth Baker Hughes CEO Lorenzo Simonelli on oil volatility
• Positive Sentiment: Simonelli highlights hydrogen’s role in the future energy mix and Baker Hughes’s critical position in supplying production equipment, aligning with clean-energy transition trends Baker Hughes CEO: We see hydrogen in the energy mix going forward
• Positive Sentiment: Analysis shows Baker Hughes maintains a healthy balance sheet, which may provide financial flexibility for investment and shareholder returns Baker Hughes (NASDAQ:BKR) Has A Pretty Healthy Balance Sheet
• Neutral Sentiment: Reported short interest data for July was inconsistent, showing zero shares and no days-to-cover, suggesting limited insight into bearish positioning
• Neutral Sentiment: CEO Simonelli discussed the global energy outlook at OPEC’s annual seminar, but provided no new financial guidance Baker Hughes CEO on the global outlook for energy
• Neutral Sentiment: Federal budget balance and WASDE report due Friday may influence macro energy demand forecasts without company-specific impact Federal budget balance, WASDE report among key events due Friday
• Negative Sentiment: U.S. oil and natural gas rig counts fell for the 11th consecutive week to their lowest level since 2021, potentially signaling reduced services demand for Baker Hughes US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says