Company
Baker Hughes Company
Headquarters: Houston, TX, United States
Founded: 1907
Employees: 54,000
CEO: Mr. Lorenzo Simonelli
Market Cap
$34.34 Billion
USD as of Jan. 1, 2024
Baker Hughes Company Categories
United States Energy Oil & Gas Equipment & ServicesUnited States Energy United States Oil & Gas Equipment & Services
Top Competitors by Market Capitalization
Industry: Oil & Gas Equipment & Services
| Company | Market Cap (USD) |
|---|---|
| Frank's International N.V. | $78.79 B |
| Schlumberger Limited | $75.21 B |
| Halliburton Company | $32.73 B |
| Tenaris SA | $20.14 B |
| TechnipFMC plc | $8.66 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $2.132 T |
| ExxonMobil | $412.55 B |
| Chevron | $287.56 B |
| Shell | $213.51 B |
| PetroChina | $182.61 B |
Detailed Description
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, downstream, onshore, offshore, and industrial customers. The DS segment provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.
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Stocks & Indices
Baker Hughes Company has the following listings and related stock indices.
Stock: NASDAQ: BKR wb_incandescent
Stock: FSX: 68V wb_incandescent
Stock: XETR: 68V wb_incandescent
Key People
Lorenzo Simonelli (Chairman & CEO)
Financials
Revenue: US$20.705 billion (2020)
Operating income: US$-15.978 billion (2020)
Net income: US$-15.761 billion (2020)
Total assets: US$38.007 billion (2020)
Total equity: US$18.242 billion (2020)