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Stock impact report

Baker Hughes to Provide Downstream Chemicals for Marathon Petroleum Refineries, Becoming Preferred Provider Across North America

Baker Hughes Company (BKR) 
Company Research Source: GlobeNewswire
Solutions will be implemented at 12 refineries and 2 renewable fuels facilitiesChemical technologies and digital monitoring tools designed to optimize operational efficiency HOUSTON and LONDON, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an agreement with Marathon Petroleum, the largest U.S. petroleum refiner, to become its preferred provider for hydrocarbon treatment products and services at refineries across the United States. The multiyear preferred provider agreement was signed during Baker Hughes’ 26th Annual Meeting in Florence, Italy. Under the agreement, Baker Hughes will provide its portfolio of downstream chemical technologies, including XERIC™ heavy oil demulsifiers, TOPGUARD™ corrosion inhibitors, BIOQUEST™ renewable additives, and digital monitoring tools. These technologies will be deployed across 12 oil refineries and two renewable fuel facilities in the United States to support reliable operations a Show less Read more
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