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Showing results for Baker Hughes, Incorporated Baker Hughes Oilfield Operations, Inc.
...Both groups sold their Russian operations to local management in Russia, with Baker Hughes taking a $365mn charge in 2022 linked to its exit from the country....
...Baker Hughes was the worst performer, posting a full-year loss of $601mn after struggling with parts shortages, inflation and the wind-down of its Russian operations....
...Oilfield services group Baker Hughes blamed supply chain issues and the suspension of its Russian operations as revenues slid and losses widened in the second quarter....
...Like other major oilfield services groups, Baker Hughes was forced to halt operations in Russia following US-imposed sanctions. It took a $365mn impairment charge related to its Russian operations....
...Baker Hughes has reported a drop in revenues and widening losses as a result of supply chain issues and the suspension of its Russian operations, prompting a sharp sell-off in the American oilfield services...
...US oilfield services group Baker Hughes has settled a £600m emergency Covid loan, the latest multinational to repay a UK financing facility that has drawn MPs’ scrutiny over its use by companies still paying...
...Halliburton joins rivals Baker Hughes and Schlumberger — the other two biggest providers of services to the global oil and gas industry — which both posted strong results last week....
...Baker Hughes on Wednesday took a $365mn impairment charge on its Russian operations, which it said it was trying to offload via a management buyout or outright sale....
...Baker Hughes last summer touted a deal with Rosneft to use its technology to help the Russian company slash emissions from its operations....
...Western energy supermajors including BP, Shell and ExxonMobil have announced plans to exit Russia, but big international oilfield services companies – Halliburton, Baker Hughes and Schlumberger – had, even...
...Halliburton’s strong results followed robust earnings reports last week from rivals Schlumberger and Baker Hughes, which were also buoyed by the pick-up in oil companies’ spending on drilling....
...A Financial Times analysis last year showed that more than £2.6bn was given to investors in dividends by overseas-headquartered companies, including US oilfield services group Baker Hughes, Spanish energy...
...Over the weekend the big three western oilfield services firms — Schlumberger, Halliburton and Baker Hughes — said they were pulling back from Russia amid sharp public pressure to break with the country....
...Here is what we learnt from the third-quarter earnings of top oilfield services firms Schlumberger, Halliburton and Baker Hughes: 1....
...Schlumberger, Baker Hughes, and Halliburton, the three largest western oilfield services companies, are quietly continuing their operations in Russia....
...Refiner Phillips 66 and oilfield services group Baker Hughes this year started lobbying the SEC for the first time, the reports show....
...Less than six months ago, Baker Hughes was trumpeting a venture with Rosneft, the Russian state-controlled company from which BP just divested. Halliburton and Schlumberger are also in Russia....
...GE bought the Baker Hughes stake in a deal to merge the company with its own operations providing equipment and services to the oil and gas industry....
...On Friday, oilfield service group Baker Hughes said the number of oil rigs in the Permian rose again last week to 221, up more than 60 per cent from November....
...The theme of analysts’ questions in the Baker Hughes and Halliburton earnings calls this week was telling: how could oilfield services cope with such tumult?...
...This is both cheaper and more accurate, Paul Madero, vice-president for global drilling services at Baker Hughes, told ES....
...The company’s guidance also reflects the planned sale of Biopharma, a unit that provides biotechnology equipment, and less incoming cash as GE sells down its stake in oilfield services company Baker Hughes...
...The loss was inflated by a $8.7bn hit associated with the sale of part of GE’s stake in Baker Hughes, an oilfield services company....
...Mr Markopolos also took aim at accounting for Baker Hughes....
...In the span of just 12 months he has slashed GE’s dividend to just a penny, started selling down its stake in oilfield services provider Baker Hughes and agreed to sell its biopharma operations to Danaher...
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