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Baker Hughes Inc (BHI.N)

BHI.N on New York Stock Exchange

59.29USD
25 Apr 2017
Change (% chg)

$0.64 (+1.09%)
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Tue, Apr 25 2017

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Baker Hughes expects North America revenue to rise in 2nd quarter

Baker Hughes Inc said on Tuesday it expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells, helping the oilfield service provider make up for a fall in demand in the Gulf of Mexico.

UPDATE 3-Baker Hughes expects N.America revenue to rise in 2nd quarter

* Shares fall as much as 4.3 percent (Adds details, comments)

BRIEF-Baker Hughes Q1 GAAP loss per share $0.30

* Q1 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S

Baker Hughes' revenue falls 15.3 pct on lower offshore spending

April 25 Oilfield services provider Baker Hughes Inc reported a 15.3 percent fall in quarterly revenue due to lower spending by customers in the Gulf of Mexico and pricing pressure in markets outside North America.

UPDATE 8-Oil near flat in strong week for crude

* U.S. production still rising -EIA (Updates with settlement prices, volume)

UPDATE 1-U.S. drillers add oil rigs for 13th week in a row -Baker Hughes

(Adds details, oil prices) By David Gaffen April 13 U.S. drillers added oil rigs for a 13th week in a row, with the number of active rigs rising to near a two-year high, as energy companies boost spending on new production to take advantage of a recovery in crude prices. Drillers added 11 oil rigs in the week to April 13, bringing the total count to 683, the highest since April 2015, energy services firm Baker Hughes Inc said on Thursday.

REFILE-U.S. drillers add oil rigs for 13th week in a row -Baker Hughes

(Corrects dateline to April 13) April 13 U.S. drillers added oil rigs for a 13th week in a row, extending a recovery as energy companies boost spending on new production to take advantage of a recovery in crude prices. Drillers added 11 oil rigs in the week to April 13, bringing the total count up to 683, the highest since April 2015, energy services firm Baker Hughes Inc said on Thursday. During the same week a year ago there were 351 act

UPDATE 12-Oil rises after U.S. missile strike in Syria, weekly gain 3 pct

* Kazakhstan output rises 2 pct in March despite pledge to cut

BRIEF-Baker Hughes average U.S. Rig count for March 2017 was 789, up 45 from 744 counted in Feb.

* Baker Hughes Inc - average U.S. Rig count for march 2017 was 789, up 45 from 744 counted in February 2017

UPDATE 9-Oil retreats, set to become 1st qtr's worst-performing asset

* Q1 has most U.S. rigs added since Q2 2011: Baker Hughes (Updates with settlement prices)

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