Baker Hughes Company
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Lorenzo Simonelli
- Full Time Employees
- 56,000
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- 575 North Dairy Ashford Road Houston TX United States 77079-1121
- IPO Date
- Jun 4, 1987
- CIK
- 0001701605
- Website
- bakerhughes.com
- Similar Companies
- Business
- Baker Hughes Company Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides a comprehensive portfolio of equipment, technologies, and services across the energy and industrial value chains worldwide; its operations span onshore and offshore oilfield activities, gas processing, power generation, emissions management, and emerging low-carbon solutions such as carbon capture, utilization and storage (CCUS), hydrogen, and geothermal applications. The company operates through two primary segments: Oilfield Services & Equipment (OFSE), which delivers well construction products including drill bits, drilling fluids, and services; completions, intervention, and measurements encompassing wireline services, pressure pumping, and downhole tools; production solutions featuring artificial lift systems and chemicals; and subsea & surface pressure systems for wellhead control, flexible pipes, and life-of-field services including decommissioning; and Industrial & Energy Technology (IET), which offers gas technology equipment and services for LNG, pipelines, and distribution including turbines, compressors, and aftermarket support; industrial products such as Waygate Technologies for non-destructive testing, valves (Maisoneilan, Consolidated, Becker, Mooney brands), gears (Lufkin, Allen brands), and pipeline integrity solutions; industrial solutions via Cordant platform with Panametrics, Druck, Reuter-Stokes instrumentation, and Bently Nevada condition monitoring; and climate technology for decarbonization. Founded through the 1987 merger of Baker International (established 1907 in Coalinga, California) and Hughes Tool Company (established 1908 in Houston, Texas), Baker Hughes Company maintains dual headquarters in Houston, Texas, and London, United Kingdom, and conducts business in over 120 countries serving upstream, midstream, downstream, and industrial customers including oil and natural gas operators, LNG facilities, refineries, petrochemical plants, data centers, and hard-to-abate sectors. Among its latest major developments, the company announced in July 2025 a $13.6 billion all-cash acquisition of Chart Industries to bolster its IET segment with enhanced LNG, clean power, and industrial gas capabilities, projecting $325 million in annual cost synergies by year three through manufacturing efficiencies and supply chain optimization; it completed the $540 million acquisition of Continental Disc Corporation in August 2025, integrating critical pressure relief valves and rupture discs to complement its existing valves portfolio and immediately accretive to earnings; and continues strategic realignments including expanded digital, AI, and automation integrations for remote operations and net-zero initiatives.
Company News
A 'demand decade' ahead for energy? BP, Baker Hughes CEOs weigh the investment outlook
Cidel Asset Management Inc. Sells 222,312 Shares of Baker Hughes Company $BKR
Baker Hughes Closes Sale of Waygate Technologies to Hexagon
Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
BKR Q3 Earnings Beat Estimates on Strong IET Growth & Chart Gains
BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds
Baker Hughes Q3 Earnings Call Highlights
Baker Hughes Company (BKR) Q3 2026 Earnings Call Transcript
Baker Hughes: Chart Assimilation Underway Too Soon For Preliminary Results
Baker Hughes Wins Significant Subsea Production Systems and Services Award for Eni's Cronos Gas Development
Baker Hughes (BKR) Q3 Earnings and Revenues Surpass Estimates
Baker Hughes Revenue Lifted by Growing Demand From Energy, Industrial Markets
Baker Hughes rounds out oilfield services earnings with lower Q3 profit
Baker Hughes Announces Third-Quarter 2026 Results
Major U.S. Technology Company Selects Baker Hughes' Power Generation and Cooling Solutions to Scale High-density AI Compute
Baker Hughes Declares Quarterly Dividend
Q3 Peak Season Arrives: Strong Beats, Sky-High AI Scrutiny
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
VG Inks Power Agreements With GEV, BKR to Support LNG Growth