Baker Hughes Company

Core business

• Global energy technology company with a diversified portfolio across the energy and industrial value chain.
• Operates in over 120 countries and aims to enable safer, cleaner, and more efficient energy solutions.
• Integrates health, safety & environment (HSE) into operations and emphasizes sustainability, digitalization, and lower-carbon solutions.

Business model and strategy

• Sells through a direct global sales force supported by regional teams and centers of excellence.
• Prioritizes portfolio transformation, profitable growth, and delivery of lower-carbon energy solutions, including hydrogen, CCUS, geothermal, and clean power.

Operating segments and product lines

Oilfield Services & Equipment (OFSE)

• Product lines:
  • Well Construction: drilling services, drill bits, drilling and completion fluids
  • Completions, Intervention, and Measurements: upper/lower completions, cementing, production enhancement, wireline
  • Production Solutions: artificial lift systems, oilfield and industrial chemicals
  • Subsea & Surface Pressure Systems: subsea projects, flexible pipes, surface pressure control
• Update: In June 2025, announced a joint venture with a subsidiary of Cactus, Inc. for surface pressure control; transaction completed January 1, 2026.

Industrial & Energy Technology (IET)

• Product lines:
  • Gas Technology Equipment: drivers/turbines, compressors, generators
  • Gas Technology Services: rotating equipment support, analytics, spare parts, digital services
  • Industrial Products: non-destructive testing, process and pipeline services, flow control and safety solutions, power transmission, industrial solutions
  • Climate Technology Solutions (within CTS): CCUS, hydrogen, clean power, geothermal, emissions abatement
  • Industrial Technology and related services: digital and asset-management offerings
• Focus areas include energy efficiency, hydrogen, CCUS, geothermal, and services for data-center and digital infrastructure.

Major transactions and growth initiatives

• Chart Industries acquisition: Announced July 29, 2025, a definitive agreement to acquire Chart Industries for $210 per share in cash; closing anticipated in Q2 2026, subject to regulatory approvals. Chart contributed about $3.18 billion in revenue for the nine months ended September 30, 2025.
• Data-center opportunities: Booked $1 billion of orders tied to data center applications in 2025 and expects about $3 billion of data-center related orders between 2025 and 2027.

Customers and markets

• OFSE serves large integrated oil and gas majors, international and national/state-owned oil and gas companies, independent producers, EPC contractors, geothermal and other renewables, and other oilfield services firms.

Workforce and people

• Approximately 56,000 employees as of December 31, 2025.
• More than 45,000 employees work outside the U.S. in over 85 countries; the workforce represents over 150 nationalities.

Financial metrics (selected)

• 2025 orders recognized: $29.6 billion total
  • OFSE orders: $14.7 billion
  • IET orders: $14.9 billion
• Remaining performance obligations (RPO) as of December 31, 2025: $35.9 billion total
  • OFSE RPO: $3.5 billion
  • IET RPO: $32.4 billion

Other topics

• Maintains an IP strategy with licenses from GE and a portfolio of patents and trademarks.
• Sets sustainability targets to reduce Scope 1 and 2 emissions by 50% by 2030 and to achieve net-zero by 2050.
• Maintains a comprehensive compliance and risk-management framework, including cyber and data privacy governance.