Baker Hughes
Baker Hughes is a global energy technology company that provides a diverse portfolio of equipment and services across the energy and industrial value chain. The company focuses on enhancing efficiency and reducing emissions for oil and gas, liquefied natural gas (LNG), and power generation markets while expanding into new energy frontiers. Its core value proposition lies in integrating advanced engineering with digital solutions to support energy security and the global energy transition.
Financials
Based on Q1 2026 filing
Revenue
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Oilfield Services & Equipment (OFSE)
primaryProvides products and services for the upstream sector of the oil and gas industry, focusing on efficient extraction and production. This segment supports customers throughout the lifecycle of a well, from exploration to decommissioning.
Drilling Services, Well Construction, Completions, Subsea Production Systems, Pressure Pumping
National Oil Companies, International Oil Companies, Independent Oil and Gas Producers
Industrial & Energy Technology (IET)
majorDelivers technology solutions for gas processing, LNG, and industrial power generation. This segment is a primary driver for the company's expansion into carbon capture, hydrogen, and clean power solutions.
Gas Turbines, Centrifugal Compressors, LNG Liquefaction Trains, Condition Monitoring, Emission-Abatement Solutions
Midstream Operators, Power Utilities, Industrial Manufacturers, Data Center Operators
Segment Financials
Oilfield Services & Equipment — Number of product lines
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Competitive Position
A leading global provider of energy technology with a dominant position in LNG equipment and a top-tier presence in oilfield services.
Geographies
Global, North America, Middle East, Europe, Asia-Pacific
Customer Segments
Upstream Energy, Midstream LNG, Downstream Chemicals, Industrial Manufacturing, Utilities
Upstream Dependencies
Raw material suppliers (steel, specialty alloys), Electronic component manufacturers, Logistics and freight providers, Specialized engineering talent
Downstream Customers
Global energy producers, LNG facility developers, Industrial power consumers, Government-owned energy entities
Competitors & Partners
Competitors
Partners
Fervo Energy
Strategic partner for geothermal energy development
Frontier Carbon Solutions
Partner for carbon capture and storage (CCS) initiatives
HIF Global
Partner for e-fuels and synthetic fuel production
NET Power
NPWR
Strategic partner for clean, zero-emissions power generation
Baker Hughes FAQ
Common questions about Baker Hughes
Baker Hughes is a global energy technology company that provides a diverse portfolio of equipment and services across the energy and industrial value chain. The company focuses on enhancing efficiency and reducing emissions for oil and gas, liquefied natural gas (LNG), and power generation markets while expanding into new energy frontiers. Its core value proposition lies in integrating advanced engineering with digital solutions to support energy security and the global energy transition.
Baker Hughes (BKR) has a market capitalization of $63.4B and trades on NASDAQ.
Baker Hughes generated $27.9B in trailing twelve-month revenue with net income of $3.1B, representing a net margin of 11.2%. Gross margin stands at 15.9%, with free cash flow of $2.3B. These figures are based on the Q1 2026 filing.
Baker Hughes's key competitors include SLB, Halliburton, Siemens Energy, and others. These companies compete in similar markets and product categories.
Baker Hughes has approximately 58,000 employees.