SCHEDULE 13G/A: JPMorgan Chase & Co. Discloses 8.3% Stake in Baker Hughes Company

JPMorgan Chase & Co. has filed an amended Schedule 13G, revealing its beneficial ownership of 8.3% of Baker Hughes Company's Class A Common Stock as of December 31, 2024.

Summary

• JPMorgan Chase & Co. reported beneficial ownership of 82,838,678 shares of Baker Hughes Company's Class A Common Stock.
• This ownership represents 8.3% of the total Class A Common Stock outstanding.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a change in previously reported ownership.
• JPMorgan Chase & Co. holds sole voting power over 74,789,101 shares and shared voting power over 164,311 shares.
• The firm holds sole dispositive power over 82,540,826 shares and shared dispositive power over 273,140 shares.
• The filing was made by JPMorgan Chase & Co. as a parent holding company or control person.
• Several subsidiaries are identified as having acquired the securities, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, JPMorgan Chase Bank, National Association, JPMorgan Asset Management (UK) Limited, J.P. Morgan Investment Management Inc., J.P. Morgan Mansart Management Limited, JPMorgan Asset Management (China) Company Limited, and 55I, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G/A) disclosing passive beneficial ownership. It does not contain operational or financial performance data, thus the sentiment is neutral.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional ownership position in Baker Hughes Company, a major player in the global energy technology and services industry. Such disclosures are routine for large financial institutions and provide transparency into major shareholders' holdings, which can influence market perception and corporate governance dynamics within the sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market sentiment and potentially corporate governance discussions.

Key Dates

Keywords

Baker Hughes Company, JPMorgan Chase & Co., Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Ownership, Energy Services, Oil and Gas