Thursday, January 30, 2025

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

From Reuters General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%. Revenue in the oilfield services segment, which constitutes a majority of the company’s operations, rose 14% to $3.26 billion in the second quarter, led

New VP of Investor Relations at Baker Hughes

By Tyler Losier, Energy Reporter, Oil & Gas 360 Jud Bailey named vice president of investor relations at Baker Hughes General Electric Baker Hughes (stock ticker: BHGE), an oilfield services company owned by General Electric (stock ticker: GE), has appointed Jud Bailey as its new vice president of investor relations, effective as of August 2019. Bailey will replace Philipp Mueller,

Baker Hughes GE Announces First Quarter 2018 Results

Orders of $5.2 billion for the quarter, down 8% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis GAAP operating loss of $41 million for the quarter, decreased 63% sequentially and increased unfavorably year-over-year on a combined business basis Adjusted

Baker Hughes Names Simonelli Chairman after Immelt Departs GE Early

Flannery takes over as GE’s chairman GE surprised a few people yesterday announcing that Jeff Immelt had stepped down Oct. 2 as the company’s chairman, a move that was originally scheduled for Dec. 31, 2017. John Flannery, who was formerly CEO of GE Healthcare became CEO of GE on Aug. 1, but his move into the chairman’s role was expected