Discontinued — last reported Q3 '22
Business Segments · Goodwill
Oilfield Services — Goodwill
Baker Hughes Oilfield Services — Goodwill remained flat by 0.0% to $1.39B in Q3 2022 compared to the prior quarter. Year-over-year, this metric declined by 9.6%, from $1.54B to $1.39B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ3 2022
Rolls up toGoodwill
How to read this metric
A high balance suggests significant historical M&A activity, while a sudden decrease typically signals a new impairment charge due to deteriorating segment outlook.
Detailed definition
This represents the net carrying value of goodwill recorded on the balance sheet for the Oilfield Services segment follo...
Peer comparison
Comparable to goodwill balances reported by peers in the energy services sector following consolidation cycles.
Metric ID:
bkr_segment_oilfield_services_goodwillHistorical Data
6 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|---|
| Value | $1.54B | $1.54B | $1.55B | $1.55B | $1.39B | $1.39B |
| QoQ Change | — | -0.1% | +0.6% | +0.0% | -10.1% | +0.0% |
| YoY Change | — | — | — | — | -9.6% | -9.6% |
Range$1.39B – $1.55B
CAGR-7.8%
Avg YoY Growth-9.6%
Median YoY Growth-9.6%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Baker Hughes's oilfield services — goodwill?
- Baker Hughes (BKR) reported oilfield services — goodwill of $1.39B in Q3 2022.
- How has Baker Hughes's oilfield services — goodwill changed year-over-year?
- Baker Hughes's oilfield services — goodwill decreased by 9.6% year-over-year, from $1.54B to $1.39B.
- What does oilfield services — goodwill mean?
- The current net value of goodwill associated with the Oilfield Services segment.