Oilfield Services & Equipment — Research and development costs
Baker Hughes Oilfield Services & Equipment — Research and development costs decreased by 69.5% to $54.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 188.5%, from -$61.00M to $54.00M. Over 3 years (FY 2022 to FY 2025), Oilfield Services & Equipment — Research and development costs shows an upward trend with a 1.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher investment signals a commitment to long-term innovation and future market leadership.
Detailed definition
Expenditures dedicated to the innovation, design, and improvement of technologies and equipment within the Oilfield Serv...
Peer comparison
Benchmark for technology-driven energy service companies investing in the energy transition.
bkr_segment_oilfield_services_equipment_research_and_development_costsHistorical Data
| 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 | -$57.00M | -$57.00M | -$57.00M | -$57.00M | -$69.50M | -$69.50M | -$69.50M | -$69.50M | -$68.00M | $63.00M | $67.00M | -$322.00M | -$61.00M | $65.00M | $60.00M | $177.00M | $54.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -21.9% | +0.0% | +0.0% | +0.0% | +2.2% | +192.6% | +6.3% | -580.6% | +81.1% | +206.6% | -7.7% | +195.0% | -69.5% |
| YoY Change | — | — | — | — | -21.9% | -21.9% | -21.9% | -21.9% | +2.2% | +190.6% | +196.4% | -363.3% | +10.3% | +3.2% | -10.4% | +155.0% | +188.5% |
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Frequently Asked Questions
- What is Baker Hughes's oilfield services & equipment — research and development costs?
- Baker Hughes (BKR) reported oilfield services & equipment — research and development costs of $54.00M in Q1 2026.
- How has Baker Hughes's oilfield services & equipment — research and development costs changed year-over-year?
- Baker Hughes's oilfield services & equipment — research and development costs increased by 188.5% year-over-year, from -$61.00M to $54.00M.
- What is the long-term trend for Baker Hughes's oilfield services & equipment — research and development costs?
- Over 3 years (2022 to 2025), Baker Hughes's oilfield services & equipment — research and development costs has grown at a 1.9% compound annual growth rate (CAGR), from -$228.00M to $241.00M.
- What does oilfield services & equipment — research and development costs mean?
- The money spent on developing new technologies and improving existing products within the segment.