Baker Hughes, Inc. (NYSE:BHI)

Drilling Rig

As Rig Count Falls, Hedge Funds Pile Into Long Crude Futures

In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and ...
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Oil drilling rig

US Drilling Rig Count Declines Slowing

In the week ended February 20, the total number of rigs drilling for oil in the United States came in at 1,019, compared with 1,056 in the prior week and ...
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$50 Oil Will Cost at Least 1 Million Jobs

A study in 2008 about the collapse of the auto industry in America said the disaster would cost as many as 3 million jobs. The research from the Center for Automotive Research (CAR) covered only those jobs ...
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Drilling Rig

US Drilling Rig Count Dropped by 84 in the Past Week

In the week ended February 13, the total number of rigs drilling for oil in the United States came in at 1,056, compared with 1,140 in the prior week and ...
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Oil drilling rig

Halliburton Will Slash Up to 6,500 Jobs: Report

Halliburton Co. (NYSE: HAL) announced to its employees on Tuesday that the company would lay off between 5,000 and 6,500 employees due to low crude oil prices and the concomitant ...
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Oil drilling rig

US Drilling Rig Shutdowns Continue

In the week ended February 6, the total number of rigs drilling for oil in the United States came in at 1,140, down from 1,223 in the prior week and ...
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Drilling Rig

Weatherford Slashes 8,000 Jobs on Low Crude Oil Prices

Oilfield services company Weatherford International Inc. (NYSE: WFT) reported fourth-quarter results after markets closed on Wednesday, and the company managed to beat earnings per share estimates by a penny, but ...
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Drilling Rig

US Drilling Rig Count at Lowest Point in More Than 5 Years

In the week ended January 30, the total number of rigs drilling for oil in the United States came in at 1,223, compared with 1,317 in the prior week and ...
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Drilling Rig

Baker Hughes, Halliburton Beat the Odds on Earnings

Two of the world’s largest oilfield services companies reported fourth-quarter and full-year 2014 results before markets opened Tuesday. Baker Hughes Inc. (NYSE: BHI) has agreed to be acquired by Halliburton ...
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What to Expect From Halliburton and Baker Hughes Earnings

Leading oilfield services companies Baker Hughes Inc. (NYSE: BHI) and Halliburton Co. (NYSE: HAL) are both scheduled to report their fourth-quarter results Tuesday before the U.S. markets open. This comes ...
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Oil drilling rig

US Drilling Rig Count Falls by 74 in Past Week

The number of drilling rigs working in the United States as of last Friday totaled 1,676, down by 74 from the previous week’s total. The week ending January 16 saw ...
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Wall Street/NYSE

The Top 10 Earnings for the Week Ahead

Corporate earnings season is upon us, and 24/7 Wall St. has put together a preview of some of the larger reporting companies for the coming week. We have taken a ...
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5 Ways to Play the Oil Price Plunge

By Andrew Topf of Oilprice.com The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is ...
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Drilling Rig

US Drilling Rig Count Fell by Largest Total in 23 Years

The number of drilling rigs working in the United States as of last Friday totaled 1,750, down by 61 from the previous week’s total. The week ending January 9 saw ...
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Top Analyst Upgrades and Downgrades: Crocs, Halliburton, Nuance, Staples, Yelp and More

Stocks were taking a steady breather going into the unemployment report after two major rallies in a row this week. What stands out is that investors keep proving that they will ...
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