BKR
NASDAQ · Energy
Baker Hughes Co
$56.38
-2.30 (-3.92%)
BKR News13 articles
TechnipFMC Shares Face Mixed Fund Sentiment Ahead of Q2 Results
Institutional moves show mixed signals for TechnipFMC as the stock trades 16% below its April peak, with T. Rowe Price reducing its position by 20% while IEQ Capital increased exposure.
Patterson-UTI Rises on Strong Drilling Outlook Despite Oil Decline
Patterson-UTI shares rose 3.1% as the company projected higher rig counts and $220M in Q2 adjusted EBITDA, despite a 3% drop in oil prices and historically low DUC wells.
TechnipFMC Joins MSCI World Index, Shares End Week Down 3.6%
TechnipFMC shares ended Friday up 1.1% on heavy volume after joining the MSCI World Index, but the stock fell 3.6% for the holiday-shortened week. Q1 revenue rose 11.6% to $2.49 billion.
TechnipFMC Gains on MSCI Inclusion but Faces Volatility
TechnipFMC (FTI) closed at $68.42 on Friday, up 1.1% on heavy volume after MSCI World Index inclusion, but fell 3.62% for the week. Q1 revenue rose 11.6% to $2.49B, with subsea backlog at $16.47B.
SLB Shares Retreat from Peak as Software Strategy Faces Market Test
SLB shares slipped 1% to $54.55, marking a third consecutive decline from a 52-week high of $58.82, as investors assess its software push against headwinds in its core drilling business.
Oil Retreats on Potential Iran Talks, Yet Supply Shock Risks Loom
Oil prices declined Tuesday on hopes for renewed U.S.-Iran dialogue, but a historic supply disruption and bank forecasts suggest sustained market tightness and volatility ahead.
Oil Surge Over $100 Weighs on Futures as Earnings Season Begins
U.S. stock futures retreated Monday as oil prices surged past $100 a barrel following stalled U.S.-Iran talks. Goldman Sachs reported strong earnings but shares fell premarket, while energy stocks gained.
Gulf Attacks Propel Oil, Widen Brent-WTI Gap to 2015 High
Oil prices experienced extreme volatility Thursday following Iranian strikes on Gulf energy infrastructure, with Brent crude briefly exceeding $119 a barrel. The attacks have damaged Qatar's LNG export capacity and widened the key Brent-WTI spread to its largest margin since 2015.
Shell Secures Venezuela Gas Deal, Targets 2027 Exports to Trinidad
Shell has finalized oil and gas agreements with Venezuela to develop the offshore Dragon field, with initial gas exports to Trinidad targeted for the third quarter of 2027. The deal follows new U.S. licenses easing sanctions on Venezuela's energy sector.
Oil Prices Choppy as Hormuz Disruption, Diplomacy Drive Volatility
Oil prices fluctuated Wednesday, with Brent crude near $81, as market participants weighed supply disruptions in the Strait of Hormuz against potential U.S.-Iran diplomatic talks. Major banks have revised price forecasts upward.
SLB Shares Hold Steady Despite Oil Price Surge on Middle East Tensions
SLB shares closed flat at $51.34 as oilfield services stocks lagged a crude rally driven by Middle East supply fears. Market focus shifts to potential changes in producer spending and SLB's upcoming quarterly results.
SLB Shares Hold Steady Amid Oil Price Surge, Market Eyes Spending Signals
SLB Ltd.'s stock showed minimal movement, closing at $51.34, even as oil prices jumped due to Middle East supply disruptions. The market is focused on whether higher crude will translate into increased capital expenditure by energy producers.
SLB Shares Decline Amid Oil Price Drop Despite Indonesian Gas Contract
SLB shares dropped 1.8% to $50.64 as oil prices declined, overshadowing new offshore drilling contracts for a deepwater gas project in Indonesia targeting first production by 2028.