Baker Hughes Announces Strong Q4 and Full-Year 2024 Financial Results

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The company announced a fourth-quarter revenue of $7.364 billion, a 7% sequential increase and an 8% year-over-year rise. Adjusted EBITDA for Q4 was $1.310 billion, up 20% year-over-year. For the full year 2024, revenue was $27.829 billion, up 9%, and adjusted EBITDA was $4.591 billion, up 22%. The company also raised its quarterly dividend by 10% to $0.23 per share. The financial performance was driven by strong execution and margin improvements across both segments.

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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.