Business Segments · Costs
Oilfield Services & Equipment — Costs
Baker Hughes Oilfield Services & Equipment — Costs decreased by 7.7% to $2.69B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.5%, from $2.82B to $2.69B. Over 3 years (FY 2022 to FY 2025), Oilfield Services & Equipment — Costs shows an upward trend with a 2.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
Lower costs relative to revenue indicate improved operational efficiency and higher profitability.
Detailed definition
The total operating expenses incurred to deliver products and services within the Oilfield Services & Equipment segment,...
Peer comparison
Standard cost-of-sales metric for manufacturing and service-based business segments.
Metric ID:
bkr_segment_oilfield_services_equipment_costsHistorical Data
17 periods
| 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 | -$2.70B | -$2.70B | -$2.70B | -$2.70B | -$3.07B | -$3.07B | -$3.07B | -$3.07B | $3.05B | $3.20B | $3.11B | -$21.81B | $2.82B | $2.89B | $2.91B | $2.92B | $2.69B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -13.8% | +0.0% | +0.0% | +0.0% | +199.4% | +4.8% | -2.8% | -800.9% | +112.9% | +2.6% | +0.5% | +0.4% | -7.7% |
| YoY Change | — | — | — | — | -13.8% | -13.8% | -13.8% | -13.8% | +199.4% | +204.2% | +201.4% | -610.4% | -7.7% | -9.7% | -6.7% | +113.4% | -4.5% |
Range-$21.81B – $3.20B
CAGR-0.1%
Avg YoY Growth+1.9%
Median YoY Growth-7.7%
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Frequently Asked Questions
- What is Baker Hughes's oilfield services & equipment — costs?
- Baker Hughes (BKR) reported oilfield services & equipment — costs of $2.69B in Q1 2026.
- How has Baker Hughes's oilfield services & equipment — costs changed year-over-year?
- Baker Hughes's oilfield services & equipment — costs decreased by 4.5% year-over-year, from $2.82B to $2.69B.
- What is the long-term trend for Baker Hughes's oilfield services & equipment — costs?
- Over 3 years (2022 to 2025), Baker Hughes's oilfield services & equipment — costs has grown at a 2.2% compound annual growth rate (CAGR), from -$10.79B to $11.53B.
- What does oilfield services & equipment — costs mean?
- The total expenses required to produce and deliver the goods and services sold by the segment.