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LNG DEMAND FUELS STRONG THIRD QUARTER FOR BAKER HUGHES

https://media.zenfs.com/en/oilprice.com/50e5b23fffc5ee2903ae88bd6eb7a797

✍️ Baker Hughes' third-quarter financial performance exceeded expectations due to strong demand for LNG-related services, despite a 20% dip in net profits.

👉 Baker Hughes' third-quarter financial performance exceeded expectations 👉 Strong demand for LNG-related services drove orders up 23% annually 👉 Free cash flow and cash flow from operating activities rose significantly 👉 Order backlog for Industrial & Energy Technology division reached $4 billion 👉 Total order backlog surged to an all-time high of $32.1 billion

-- #LorenzoSimonelli #RioGrandeLNGfacility #PortArthurPhase2development #business

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Lorenzo Simonelli Rio Grande LNG facility Port Arthur Phase 2 development business mainstream:perspective

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✍️ Baker Hughes' third-quarter financial performance exceeded expectations due to strong demand for LNG-related services, despite a 20% dip in net profits.

-- #LorenzoSimonelli #RioGrandeLNGfacility #PortArthurPhase2development #business

✍️ Chart Industries' shareholders have approved the acquisition of the company by Baker Hughes in a deal worth up to $13.6 billion.

-- #JillEvanko #LorenzoSimonelli #business

✍️ Baker Hughes acquires Chart Industries for $13.6 billion, outbidding Flowserve in a deal that will help the company expand its presence in the liquefied natural gas and data center markets.

-- #LorenzoSimonelli #ScottRowe #business

✍️ Baker Hughes is reportedly acquiring Chart Industries in a deal valued at $13.6 billion, which would disrupt a previous merger agreement between Chart and Flowserve.

-- #LorenzoSimonelli #business

✍️ Baker Hughes posted a profit of $701 million in the second quarter, despite a decline in revenue, thanks to higher profit margins and structural cost improvements.

-- #LorenzoSimonelli #business

✍️ Cactus Companies has agreed to acquire a 65% stake in Baker Hughes' Surface Pressure Control (SPC) business, enhancing its financial metrics and offering greater revenue and cash flow visibility.

-- #ScottBender #LorenzoSimonelli #MiddleEast #business

✍️ Top US oilfield service firms have signaled a challenging period ahead as oil prices slide, pushing producers to temper drilling activity and rethink budgets.

-- #ArunimaKumar #JeffMiller #LorenzoSimonelli #NorthAmerica #Mexico #SaudiArabia #Bengaluru #business

✍️ U.S. crude oil futures fell 4.27% after OPEC+ agreed to surge production for a second month, increasing output by 411,000 barrels per day in June.

-- #AndreyRudakov #LorenzoSimonelli #DonaldTrump #SaudiArabia #Mexico #business

✍️ The oil and gas industry is facing uncertainty and challenges due to falling oil prices, tariffs, and trade tensions, despite President Trump's 'drill, baby, drill' agenda.

-- #DonaldTrump #OlivierLePeuch #LorenzoSimonelli #JeffreyMiller #WilliamHendricks #ChrisWright #NorthTexasBarnettShale #Burleson,Texas #OklahomaCity #energy

✍️ Baker Hughes Company's stock price declined by 6.44% on Wednesday due to dismal earnings performance and cautious business outlook.

-- #LorenzoSimonelli #business

✍️ U.S. stock indexes rallied midday as President Trump said he won't fire Federal Reserve Chair Jerome Powell and made comments suggesting a de-escalation of the trade war with China.

-- #PresidentDonaldTrump #JeromePowell #ElonMusk #LorenzoSimonelli #business

✍️ Baker Hughes forecasts steeper drops in global oil producer spending due to tariffs and weak oil prices, with North America and international spending expected to decline.

-- #LorenzoSimonelli #ArathySomasekhar #MrinalikaRoy #DonaldTrump #Houston #NorthAmerica #Mexico #SaudiArabia #Brazil #MiddleEast #AsiaPacific #China #Germany #Britain #Italy #Canada #business

✍️ This article discusses Baker Hughes Company (NASDAQ:BKR) and its performance in the energy sector, as well as its ranking among Louis Navellier's new stock picks.

-- #LouisNavellier #LorenzoSimonelli #Reno,Nevada #business

Layer3.news

✍️ Baker Hughes' third-quarter financial performance exceeded expectations due to strong demand for LNG-related services, despite a 20% dip in net profits.

-- #LorenzoSimonelli #RioGrandeLNGfacility #PortArthurPhase2development #business

✍️ Chart Industries' shareholders have approved the acquisition of the company by Baker Hughes in a deal worth up to $13.6 billion.

-- #JillEvanko #LorenzoSimonelli #business

✍️ Baker Hughes acquires Chart Industries for $13.6 billion, outbidding Flowserve in a deal that will help the company expand its presence in the liquefied natural gas and data center markets.

-- #LorenzoSimonelli #ScottRowe #business

✍️ Baker Hughes is reportedly acquiring Chart Industries in a deal valued at $13.6 billion, which would disrupt a previous merger agreement between Chart and Flowserve.

-- #LorenzoSimonelli #business

✍️ Baker Hughes posted a profit of $701 million in the second quarter, despite a decline in revenue, thanks to higher profit margins and structural cost improvements.

-- #LorenzoSimonelli #business

✍️ Cactus Companies has agreed to acquire a 65% stake in Baker Hughes' Surface Pressure Control (SPC) business, enhancing its financial metrics and offering greater revenue and cash flow visibility.

-- #ScottBender #LorenzoSimonelli #MiddleEast #business

✍️ Top US oilfield service firms have signaled a challenging period ahead as oil prices slide, pushing producers to temper drilling activity and rethink budgets.

-- #ArunimaKumar #JeffMiller #LorenzoSimonelli #NorthAmerica #Mexico #SaudiArabia #Bengaluru #business

✍️ U.S. crude oil futures fell 4.27% after OPEC+ agreed to surge production for a second month, increasing output by 411,000 barrels per day in June.

-- #AndreyRudakov #LorenzoSimonelli #DonaldTrump #SaudiArabia #Mexico #business

✍️ The oil and gas industry is facing uncertainty and challenges due to falling oil prices, tariffs, and trade tensions, despite President Trump's 'drill, baby, drill' agenda.

-- #DonaldTrump #OlivierLePeuch #LorenzoSimonelli #JeffreyMiller #WilliamHendricks #ChrisWright #NorthTexasBarnettShale #Burleson,Texas #OklahomaCity #energy

✍️ Baker Hughes Company's stock price declined by 6.44% on Wednesday due to dismal earnings performance and cautious business outlook.

-- #LorenzoSimonelli #business

✍️ U.S. stock indexes rallied midday as President Trump said he won't fire Federal Reserve Chair Jerome Powell and made comments suggesting a de-escalation of the trade war with China.

-- #PresidentDonaldTrump #JeromePowell #ElonMusk #LorenzoSimonelli #business

✍️ Baker Hughes forecasts steeper drops in global oil producer spending due to tariffs and weak oil prices, with North America and international spending expected to decline.

-- #LorenzoSimonelli #ArathySomasekhar #MrinalikaRoy #DonaldTrump #Houston #NorthAmerica #Mexico #SaudiArabia #Brazil #MiddleEast #AsiaPacific #China #Germany #Britain #Italy #Canada #business

✍️ This article discusses Baker Hughes Company (NASDAQ:BKR) and its performance in the energy sector, as well as its ranking among Louis Navellier's new stock picks.

-- #LouisNavellier #LorenzoSimonelli #Reno,Nevada #business