Baker Hughes completed the sale of its Waygate Technologies business to Hexagon for approximately $1.45 billion in cash. The deal includes Waygate's remote visual inspection, ultrasound, radiography, and imaging solutions, along with all related assets. This sale strengthens Baker Hughes' balance sheet, improves earnings durability, and reflects its focus on disciplined portfolio management. The company continues to focus on its core energy technology operations worldwide.
Baker Hughes currently has a market cap of $54.85 billion and a dividend yield of 1.67% on Pluang as of Nov 02, 2026 14:02 WIB. The stock price is $55.22, showing a 1.02% increase over the last day. This stable market presence complements the company's strategic moves such as the recent sale of Waygate Technologies, aimed at strengthening its balance sheet and focusing on core energy technology operations.
Andrew Hecht reiterates a Buy rating on the VanEck Oil Services ETF (OIH), citing ongoing geopolitical conflicts and supply disruptions that keep oil prices and demand for oil services elevated. The ETF's major holdings include SLB, Baker Hughes, and...
Baker Hughes has finalized its acquisition of Chart Industries, with current quarterly results affected by transaction costs and noncash amortization. Immediate financial performance mainly reflects pre-merger sales backlogs due to long product lead ...
