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Baker Hughes, a GE company Class A Common Stock, also called Baker Hughes, is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). Read More The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded on October 28, 2016 and is headquartered in Houston, TX.
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Oil and Gas
U.S. oil drillers cut rigs for third week in a row: Baker Hughes
(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through on plans to cut spending.
Baker Hughes reports a third straight weekly decline in U.S. oil-rig count
Baker Hughes BHGE, -3.43% on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 797 this week. That followed declines over each of the last two weeks. The total active U.S. rig count, meanwhile, fell by 4 to 983, according to Baker Hughes. June West Texas Intermediate crude clm9 was up 39 cents, or 0.7%, to $58.30 a barrel. It was at $58.26 shortly before the rig data....
Expected Jul 19, Pre-Market