Baker Hughes Seizes LNG Opportunity with Transformative Acquisition

As of August 2, 2025, Baker Hughes Company (BKR) has emerged as a standout performer in the oil and gas equipment industry, outpacing its rivals Schlumberger and Halliburton. The company's stock has gained 9.6% year-to-date, driven by a 16% surge in July following the firm's latest earnings report, which beat analyst estimates.

Notably, Baker Hughes made a transformative move last month, announcing a $13.6 billion deal to acquire Chart Industries, a leading manufacturer of equipment for the liquefied natural gas (LNG) market. Jim Cramer, the renowned financial commentator, praised the acquisition, stating, "That deal is so smart, particularly in light of liquefied natural gas."

Cramer highlighted that Baker Hughes has long been known for its strong equipment offerings, and the addition of Chart's welding capabilities and LNG expertise is expected to further bolster the company's position in the growing LNG industry. As the global demand for cleaner energy sources continues to rise, Baker Hughes' strategic move positions the firm to capitalize on the LNG boom.

While the broader oil and gas sector has faced challenges, with Schlumberger and Halliburton struggling, Baker Hughes has managed to navigate the market conditions effectively. Cramer's previous remarks on the company noted, "Baker Hughes actually had a good quarter. But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there's an industry that's got customers for the rest of its duration."