Business Segments · Total Revenue
Oilfield Services & Equipment — Total Revenue
Baker Hughes Oilfield Services & Equipment — Total Revenue decreased by 9.4% to $3.24B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.5%, from $3.50B to $3.24B. Over 4 years (FY 2021 to FY 2025), Oilfield Services & Equipment — Total Revenue shows an upward trend with a 4.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ1 2026
Rolls up toTotal Revenue
How to read this metric
Increasing revenue signals strong market demand and successful execution of service contracts.
Detailed definition
The total gross income generated from the sale of products and services within the Oilfield Services & Equipment segment...
Peer comparison
The primary top-line metric for all energy service and equipment peers.
Metric ID:
bkr_segment_oilfield_services_equipment_total_revenueHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.01B | $3.01B | $3.01B | $3.02B | $3.23B | $3.40B | $3.58B | $3.58B | $3.88B | $3.95B | $3.96B | $3.78B | $4.01B | $3.96B | $3.87B | $3.50B | $3.62B | $3.64B | $3.57B | $3.24B |
| QoQ Change | — | +0.0% | +0.0% | +0.3% | +7.1% | +5.4% | +5.2% | -0.1% | +8.4% | +1.9% | +0.1% | -4.4% | +6.0% | -1.2% | -2.3% | -9.6% | +3.4% | +0.5% | -1.8% | -9.4% |
| YoY Change | — | — | — | — | +7.4% | +13.2% | +19.0% | +18.6% | +20.0% | +16.1% | +10.5% | +5.8% | +3.5% | +0.3% | -2.1% | -7.5% | -9.8% | -8.3% | -7.7% | -7.5% |
Range$3.01B – $4.01B
CAGR+1.6%
Avg YoY Growth+4.5%
Median YoY Growth+4.6%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Baker Hughes's oilfield services & equipment — total revenue?
- Baker Hughes (BKR) reported oilfield services & equipment — total revenue of $3.24B in Q1 2026.
- How has Baker Hughes's oilfield services & equipment — total revenue changed year-over-year?
- Baker Hughes's oilfield services & equipment — total revenue decreased by 7.5% year-over-year, from $3.50B to $3.24B.
- What is the long-term trend for Baker Hughes's oilfield services & equipment — total revenue?
- Over 4 years (2021 to 2025), Baker Hughes's oilfield services & equipment — total revenue has grown at a 4.5% compound annual growth rate (CAGR), from $12.03B to $14.32B.
- What does oilfield services & equipment — total revenue mean?
- The total money earned from all sales of products and services in the oilfield services segment.