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Baker Hughes CEO Lorenzo Simonelli on Thursday said that despite short-term oil volatility, he still sees "long-term positive trends" for the industry.
CNBC's Brian Sullivan speaks with Baker Hughes CEO Lorenzo Simonelli from OPEC's annual seminar in Vienna, Austria.
BKR teams up with Evida to develop CO2 pipeline infrastructure, advancing Denmark's growing carbon capture push.
Baker Hughes acquires CDC for $540M, boosting its IET segment with high-margin, safety-critical technologies.
HOUSTON and LONDON, June 16, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday it has agreed to acquire Continental Disc Corporation (CDC), a leading provider of safety-critical pressure management solutions, from investment partnerships managed by Tinicum Incorporated in an all-cash transaction for approximately $540 million.
Lorenzo Simonelli, CEO of Baker Hughes discusses the recent Israel-Iran and its' impact on volatility in oil prices and stresses not to focus on short-term volatility in oil prices. He also touches on the firm's business strategy and sustainability efforts.
All the facilities of energy services firm Baker Hughes are operating normally in the Middle East, chief executive Lorenzo Simonelli told Reuters on the sidelines of the Energy Asia conference on Monday.
Two CEOs told CNBC that they are monitoring the situation, but would not predict the price of oil. There will be more significant price effects, they said, if Iran closes the critical Strait of Hormuz.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday.
HOUSTON and LONDON, June 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, July 22, 2025. A webcast to discuss the results will be held Wednesday, July 23, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).