US Shale Drilling-Rig Usage Plunges by Most in Five Months [Yahoo! Finance]
Baker Hughes Company (BKR)
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Source: Yahoo! Finance
Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March Huawei's New Phone Runs Latest Version of Made-in-China Chip Billionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It The number of US rigs drilling for oil fell by five to 506, marking the biggest slide since Nov. 3, according to data released by Baker Hughes Co. on Friday. This week's move reverses last week's five-rig increase. After better-than-expected output from fewer rigs in 2023, US shale executives now are in the midst of slowing down amid a shrinking inventory of top-tier drilling locations, weak natural gas prices, and industry consolidation. Total spending by North American explorers is forecast to drop 1% this year, according to Barclays PLC. Most Read from Bloomberg Businessweek US White-Collar Job Growth Stal
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- Pressure Control Equipment Market To Reach USD 12.2 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- US Shale Drilling-Rig Usage Plunges by Most in Five Months [BNN Bloomberg (Canada)]BNN Bloomberg
- Baker Hughes Company (NASDAQ:BKR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Baker Hughes (NASDAQ: BKR) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.MarketBeat
- Baker Hughes (BKR) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
BKR
Earnings
- 4/23/24 - Beat
BKR
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/9/24 - Form 4
- BKR's page on the SEC website