In This Article:
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Baker Hughes Company (NASDAQ:BKR) stands against other energy stocks that are declining this week.
After a slight uptick, the global crude oil price fell again over the last week, declining by a little more than 5%. The West Texas Intermediate (WTI) price is currently hovering just under $60, painting a bleak outlook for the global oil industry. Investors are bracing for OPEC+ to boost output, amid worries that President Trump’s tariffs would hit the global economy and slow demand for the fuel.
Further adding to investor concerns, a major UK oil and gas company unveiled its Q1 2025 earnings this week, reporting a deeper-than-expected 48% drop in net profit on weaker refining and gas trading. The energy market is also awaiting two American oil supermajors to report their earnings later this week, which will present a clearer picture of the sector and its projections going forward.
A sector that has been hit particularly hard by the declining crude price is that of oilfield services, which expects a sharp decline in drilling activity going forward if prices remain at current levels. It must be mentioned that short interest in the energy sector reached 2.58% in March compared to 2.52% in February, with the most shorted industry within the sector being Oil & Gas Equipment & Services. This was primarily due to the tariffs imposed by the Trump administration on steel and aluminum imports, which have raised costs and decreased margins for a sector that is already bracing for a slowdown in activity in the coming months.
A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 22 to April 29, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.
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Baker Hughes Company (NASDAQ:BKR)
Share Price Decline Between Apr. 22 and Apr. 29: 6.36%
Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide.