Baker Hughes reports record orders for IET despite a drop in cash flow
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
| Countries | Émirats Arabes Unis, Brésil, Royaume-Uni, Guyana, États-Unis |
|---|---|
| Companies | Bechtel, ExxonMobil, Petrobras |
| Sector | Gaz, GNL |
| Theme | Marchés & Finance, Résultat |
The US-UK group Baker Hughes Company reported stable revenue of $6.43bn for the first quarter of 2025, with orders amounting to $6.46bn. Its Industrial & Energy Technology (IET) division achieved a record order intake of $3.18bn, supported by growth in gas equipment and services, particularly in liquefied natural gas (LNG) projects and energy solutions for data centres.
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