NYSE: BKR
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Oilfield Services · Energy Technology
Baker Hughes
Baker Hughes is a Houston-based energy technology company providing oilfield services, equipment, and digital solutions worldwide.
Baker Hughes Company is an energy technology company that provides solutions for energy and industrial customers worldwide. Headquartered in Houston, the company operates at the intersection of oilfield services and industrial technology, offering products and services for oil and gas well drilling, formation evaluation, completion, production, and reservoir consulting, as well as industrial turbomachinery and process solutions.
Headquarters
Houston, TX
Founded
1907
Employees
58,000+
Revenue
$25 billion (2023)
CEO
Lorenzo Simonelli
Website
bakerhughes.comBaker Hughes was formed from the 1987 merger of Baker International and Hughes Tool Company (founded by Howard Hughes Sr. in 1909). After a complex history including a merger with GE's oil and gas division in 2017 and subsequent separation, Baker Hughes became an independent company again in 2020. The company has deep roots in Houston's energy history.
Baker Hughes operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE provides drilling, completion, and production solutions, while IET delivers gas turbines, compressors, and condition monitoring services. The company is also investing heavily in carbon capture, hydrogen, and geothermal technologies.
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