BKR

Baker Hughes Company is a global energy technology company providing equipment, services, and digital solutions for oil and gas producers, refiners, petrochemical companies, and industrial customers. Formed through the combination of Baker Hughes and GE Oil & Gas in 2017, and later separated from General Electric, Baker Hughes operates across the energy value chain with four main segments: Oilfield Services & Equipment, Turbomachinery & Process Solutions, Digital Solutions, and Industrial & Energy Technology. Headquartered in Houston, Texas, Baker Hughes operates in over 120 countries serving diverse energy and industrial markets. The Oilfield Services & Equipment segment provides drilling services, completions and production equipment, wireline services, pressure pumping, artificial lift systems, and formation evaluation technologies used in oil and gas exploration and production. The Turbomachinery & Process Solutions segment supplies gas turbines, compressors, pumps, and related equipment for oil and gas processing, LNG facilities, refineries, and industrial applications. Digital Solutions provides software, analytics, and IIoT (Industrial Internet of Things) platforms that optimize operations, predict equipment failures, and improve efficiency. The Industrial & Energy Technology segment develops solutions for carbon capture, hydrogen, and energy storage. Baker Hughes has positioned itself as a critical enabler of energy transition, balancing traditional oil and gas business with technologies supporting lower-carbon energy including carbon capture and storage (CCS), hydrogen production, geothermal power, and industrial decarbonization. The company generates revenue through equipment sales, long-term service contracts, technology licensing, and project execution. Baker Hughes faces cyclical exposure to oil and gas capital spending while pursuing growth in energy transition markets. The company competes with oilfield service giants Schlumberger and Halliburton, industrial equipment manufacturers, and technology providers. Baker Hughes' differentiation comes from technology leadership, global scale, installed equipment base generating recurring service revenue, digital capabilities, and broadening portfolio addressing energy transition needs.