Baker Hughes Secures Major Agreement with Petrobras
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
0mins
Should l Buy BKR?
Source: seekingalpha
Baker Hughes Co's stock rose by 5.01% and reached a 5-day high amid a challenging market environment where the Nasdaq-100 and S&P 500 are down.
The company has secured a substantial 60-month service agreement with Petrobras to support turbomachinery equipment for Brazil's offshore operations. This agreement includes maintenance, repairs, and advisory services for up to 64 aeroderivative gas turbines, which are critical for Petrobras' production continuity. Additionally, Baker Hughes plans to expand its service center in Petrópolis, Rio de Janeiro, enhancing service quality and reliability, thereby increasing customer satisfaction and market competitiveness.
This agreement not only reinforces Baker Hughes' strong position in the South American market but also highlights its commitment to enhancing energy production efficiency in Brazil's offshore operations, which is crucial for the stability of the country's energy supply chain.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 60.680
Low
52.00
Averages
61.54
High
67.00
Current: 60.680
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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