BKR Stock Recent News

HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. This follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure to provide key carbon capture and storage (CCS) and power generation technologies for data centers and industrial customers.

U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes BKR.O Chief Executive Lorenzo Simonelli said on Monday.

BKR and Woodside Energy are expanding their partnership to develop a small-scale, low-carbon power solution using Net Power's platform to reduce emissions in oil, gas and heavy industries.

HOUSTON and LONDON, March 06, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and Woodside Energy (ASX: WDS; NYSE: WDS), a leading Australian energy company, announced Thursday a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power (NSYE: NPWR) platform that is specifically designed for oil and gas (including LNG), heavy industries and other smaller scale applications.

BKR and Frontier Infrastructure partner to expand carbon capture and power projects in the United States, driving industrial decarbonization and energy solutions.

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U.S. oilfield technology firm Baker Hughes said on Monday it has appointed Ahmed Moghal as its chief financial officer, effective immediately.

HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.

Baker Hughes gets a buy rating despite being overvalued and trading well above its moving average, as several upside factors come into play. The firm will take advantage of demand for natural gas/LNG, and hydrogen renewables, and has a global diversified portfolio of products. With a low debt/equity of 0.35, the leverage risk is low, and its corporate debt has declined in recent years.

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday.