Baker Hughes Company is a leading energy technology company that aims to drive the transition to a more sustainable energy future. Its mission focuses on delivering innovative solutions and services to enhance the efficiency and productivity of oil and gas operations while minimizing environmental impact. Baker Hughes employs advanced technologies and digital solutions to optimize resource management and reduce carbon emissions. The company's strategy emphasizes collaboration with customers and partners to develop cutting-edge technologies that support the energy sector's evolution towards cleaner and more efficient practices.

BAKER HUGHES CO

Baker Hughes has observed a modest uptick in U.S. drilling activity, reporting a rise in the total number of active oil and natural gas rigs, which increased by two to reach 588 as of the week ending February 14, 2025. This recent increase marks the third consecutive week of growth,...

Baker Hughes Reports Modest Increase in U.S. Oil and Gas Rig Count Amid Ongoing Market Challenges

Baker Hughes reports a modest rise in U.S. oil and gas rig counts, marking three weeks of growth despite ongoing market challenges. With production nearing record levels, can this uptick signal a turning point for the energy sector amidst cautious investor sentiment?