Baker Hughes Trading Volume Drops 38.94% to 449th Position Amidst Major Contract Win with Equinor

On June 12, 2025, Baker Hughes (BKR) experienced a significant decline in trading volume, with a total of 1.93 billion shares traded, marking a 38.94% decrease from the previous day. This placed Baker Hughes at the 449th position in terms of trading volume for the day. The stock price of Baker Hughes also decreased by 1.02%, marking the second consecutive day of decline, with a total decrease of 1.15% over the past two days.

Baker Hughes has secured a significant contract with Equinor to provide plug and abandonment (P&A) services for the Oseberg East field in Norway's continental shelf. This agreement, part of a multi-year framework signed in March 2025, will be led by Baker Hughes' Mature Assets Solutions team. The company will establish a P&A Center of Excellence in Bergen and Stavanger to centralize North Sea operations. The project leverages Baker Hughes' advanced technologies, including PRIME Powered Mechanical Applications, CICM, MASTODON casing retrieval system, and Xtreme SJI mechanical slotting tool. The planning phase is currently underway, with execution scheduled to begin in 2026. This integrated approach aims to optimize operations, increase efficiency, and reduce total operating costs while setting new standards for well abandonment solutions.

This contract signifies a key partnership in the North Sea operations and could strengthen Baker Hughes' market position in the region, known for its challenging operational conditions. The agreement will enable Equinor to drive efficiencies and industrialize P&A operations, further solidifying Baker Hughes' role as a leader in the energy sector.