Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices supported demand for its equipment and services.
beat first-quarter profit estimates on Wednesday, as stronger oil prices supported demand for its equipment and services.
Markets have been choppy in the past month, with the price of a barrel falling to around $70 amid concerns of a banking crisis and economic jitters before rebounding on a surprise cut by OPEC+. He sees the current spending-cycle for oil and gas as "less sensitive to commodity price swings," pointing to factors such as the development of liquefied natural gas projects.
Shares of Baker Hughes were up 1.4% in pre-market trading at $29.90 each. They are flat year-to-date.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Baker Hughes beats profit and revenue expectations, amid strength in oilfield services and equipment ordersBaker Hughes Co. reported Wednesday first-quarter profit and revenue that rose above expectations, amid strength in its oilfield services and equipment...
Leer más »
Fight the Bite: Prevent the Spread of MosquitosBaker County, Fla. — The Florida Department of Health in Baker County (DOH-Baker)
Leer más »
Devils’ Jack Hughes has rough playoff debut after getting Patrick Kane praiseFor three-plus years, as Jack Hughes was learning to be an NHL professional through his late teens, he’s been chasing the hype that has come with his unworldly physical talents.
Leer más »
Budda Baker wants to be traded, Kliff Kingsbury gets new job: top sports storiesThe heart and soul of the Cardinals' defense reportedly wants out of Arizona, and Kliff Kingsbury has found a new job months after he was fired by the Cardinals.
Leer más »
3 Teams That Should Trade For Budda BakerCardinals SAF Budda Baker has reportedly requested a trade. Here are 3 teams that should be the most interested in making a deal for him.
Leer más »