Baker Hughes Wins Awards to Advance Low-Carbon Ammonia Project
Baker Hughes announced Wednesday multiple awards to progress one of the first low-carbon ammonia fertilizer production plants in the United States being developed by Wabash Valley Resources, WVR. Baker Hughes will supply essential compression and integrated well construction solutions that support multiple parts of the clean ammonia value chain - from hydrogen production to CO2 separation and permanent sequestration. The announcement was made during the 2026 Baker Hughes Annual Meeting in Florence. The project, located in West Terre Haute, Indiana, will repurpose an existing gasification facility into a clean ammonia plant. Once in operation, it will be capable of producing 500,000 tons of ammonia per year while capturing 1.67 million tons of CO2 annually.
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Baker Hughes Reports Strong Q4 Earnings Exceeding Expectations
- Strong Performance: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating robust profitability.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding the anticipated $7.068 billion, reflecting its competitive position and sustained customer demand.
- Management Confidence: CEO Lorenzo Simonelli highlighted that the company's success stems from an efficient business system and active portfolio management, maintaining resilient margins in OFSE despite macroeconomic pressures.
- Analyst Rating Upgrades: Analysts from BMO and JP Morgan raised Baker Hughes' price targets from $55 and $53 to $65 and $60 respectively, indicating a positive outlook on the company's future performance.

Oil Prices Surge Amid Renewed Geopolitical Tensions
- Oil Price Increase: Oil prices surged approximately 1% due to President Trump's escalatory rhetoric towards Iran, with West Texas Intermediate futures nearing $63 per barrel, marking the highest level since late September 2025.
- Brent Crude Rally: Brent crude also advanced to around $68 per barrel, reflecting heightened risk premiums in global crude markets driven by fears of supply disruptions, particularly through critical energy chokepoints like the Strait of Hormuz.
- U.S. Supply Tightness: Supply disruptions from severe winter weather, particularly in the Gulf Coast and inland shale regions, have tightened near-term balances, contributing to a more than 9% increase in WTI crude this month and positioning the market to end a five-month losing streak.
- Weaker Dollar Boosts Oil: The U.S. dollar's decline towards multi-week lows has made dollar-priced commodities cheaper for foreign buyers, further supporting the rise in oil prices.









