New grant awarded to One Tree Planted supports continued global reforestation efforts where Baker Hughes employees live and work The Baker Hughes Foundation announced Monday a third grant to One Tree Planted that enables the nonprofit organization to achieve a total of 1 million trees planted across 17 countries as a result of the Foundation's contributions. The grants, which support One Tree Planted's environmental and [...]
Tellurian Inc. and Baker Hughes announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood's ability to achieve initial liquefied natural gas production in 2027. This press release [...]
The Safety Consultation and Training Section of the State of Nevada's Division of Industrial Relations recognized Bently Nevada, a Baker Hughes business, for successful renewal as a Voluntary Protection Program participant for its headquarters facility in Minden, Nev. The program recognizes employers and workers who have implemented effective safety and health management systems and maintain injury and illness rates below [...]
Baker Hughes Read the full Baker Hughes Corporate Sustainability Report. Last year, the global energy map was redrawn, resulting in a complex energy market and a challenging macro environment. There was a renewed focus on energy security, sustainability, and affordability - "the energy trilemma"- and balancing the pace of energy transition. These forces have presented an opportunity for Baker Hughes to help our customers [...]
The Baker Hughes Foundation announced Monday two grants focused on coastal restoration in the United States: first, a $100,000 grant to National Coastal Resilience Fund, and additionally a $50,000 grant to Coalition to Restore Coastal Louisiana. The National Coastal Resilience Fund is a program led by the National Fish and Wildlife Foundation to support the implementation of nature-based solutions to enhance the [...]
Corporate sustainability report outlines progress in key areas Company completed detailed materiality assessment using best practices, aligned to most widely recognized reporting frameworks Baker Hughes Baker Hughes , an energy technology company, announced today the release of its 2022 corporate sustainability report, which shows the company is on-track to meet its net-zero emissions by 2050 goal by reducing emissions by [...]
Baker Hughes, an energy technology company, was again named to the Fortune's Modern Board 25, a list of the most innovative boards of directors among S&P 500 companies. This year, Baker Hughes comes in at No. 5, up one spot from 2022. Fortune collaborated with the Diligent Institute, the research arm and think tank of the global corporate-governance software company Diligent, to develop the ranking - based on criteria [...]
Orders of $7.6 billion for the quarter, up 12% year-over-year. Revenue of $5.7 billion for the quarter, up 18% year-over-year. GAAP operating income of $438 million for the quarter, up $160 million year-over-year. Adjusted operating income of $512 million for the quarter, up 47% year-over-year. Adjusted EBITDA* of $782 million for the quarter, up 25% year-over-year. GAAP diluted earnings per share of $0.57 for the quarter [...]
The Baker Hughes Foundation announced Monday a total of $270,000 in grants to nonprofit organizations that promote diversity, equity and inclusion . The recipient NPOs were nominated by Baker Hughes global employee resource groups , who have joined together based on shared interests, characteristics or life experiences. Baker Hughes believes unique ideas and perspectives fuel innovation and our differences make us [...]
One Equity Partners , a middle market private equity firm, today announced that it has entered into a definitive agreement to sell the Power Generation business of BRUSH Group to energy technology company Baker Hughes . Headquartered in Ashby de la Zouch, United Kingdom with roots dating back to 1876, BRUSH helps engineer and support a comprehensive range of power-related products and solutions including generators [...]
Baker Hughes Company announced results today for the second quarter of 2022. Three Months Ended Variance June 30, 2022 March 31, 2022 June 30, 2021 Sequential Year-over-year Orders $ 5,860 $ 6,837 $ 5,093 % 15% Revenue 5,047 4,835 5,142 4% % Operating income 279 194 U U Adjusted operating income 376 348 333 8% 13% Adjusted EBITDA 651 625 611 4% 6% Net income attributable to Baker Hughes 72 U U Adjusted net income [...]
Tellurian Inc. and Baker Hughes have announced that Baker Hughes has been awarded a contract by Driftwood Pipeline LLC, a subsidiary of Tellurian Inc., to provide electric-powered Integrated Compressor Line technology and turbomachinery equipment for Lines 200 and 300, a natural gas transmission project, proposed to be located in Beauregard and Calcasieu Parishes, in southwest Louisiana. Tellurian President and CEO [...]
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