Baker Hughes: Profit Surge and Record Orders Drive Stock Rally

News/Trigger: Surprisingly strong Q2 results and a doubled order intake in the energy sector spur buying interest amid massive volumes. Reason for the increase: The billion-dollar acquisition of Chart Industries accelerates the strategic transformation into a high-margin energy technology company. Future perspective: Thanks to increasing investments by many oil majors in the development of new oil and gas reserves amid the Middle East conflict, the outlook for Baker Hughes is likely to brighten further in its core business. As a global...