Baker Hughes Reports Strong Q2 2024 Results and Raises Guidance

Details

Net income attributable to the company was $579 million, and adjusted diluted EPS was $0.57. The company also raised its full-year guidance midpoint by 5%. A conference call was scheduled for July 26, 2024, to discuss these results. A news release and financial statements were furnished as Exhibit 99.1.

Items reported

Exhibits (1)

About Baker Hughes Company

Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, and digital solutions that optimize the development and management of hydrocarbon resources. With a comprehensive portfolio that includes drilling services, completion technologies, and innovative carbon reduction strategies, Baker Hughes serves a diverse range of clients, including oil and gas companies, both onshore and offshore. The company is also at the forefront of advancing cleaner energy technologies, emphasizing innovation in energy efficiency and emission reduction. Founded in 1907 and headquartered in Houston, Texas, Baker Hughes is a pivotal player in the energy market, influencing technology-driven transformations and operational efficiencies throughout the industry. Its integration of advanced data analytics and digital solutions showcases its commitment to enhancing the performance and sustainability of energy production worldwide.