Baker Hughes Partners with Marathon Petroleum for Hydrocarbon Treatment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Baker Hughes (BKR) announced an agreement with Marathon Petroleum (MPC) to become its preferred provider for hydrocarbon treatment products and services at refineries across the United States. The multiyear preferred provider agreement was signed during Baker Hughes' 26th Annual Meeting in Florence, Italy. Under the agreement, Baker Hughes will provide its portfolio of downstream chemical technologies, including Xeric heavy oil demulsifiers, Topguard corrosion inhibitors, Bioquestrenewable additives, and digital monitoring tools. These technologies will be deployed across 12 oil refineries and two renewable fuel facilities in the United States to support reliable operations and environmental compliance while reducing nonproductive time.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 55.17 USD with a low forecast of 52.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 57.360
Low
52.00
Averages
55.17
High
61.00
Current: 57.360
Low
52.00
Averages
55.17
High
61.00
About BKR
Baker Hughes Company is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The Company operates in two segments: 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 is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea and Surface Pressure Systems. 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 (LNG) operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors.
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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