Quick Facts / Company Snapshot
| Metric | Value |
| Company Name | Baker Hughes Company |
| Stock Ticker | BKR |
| Stock Exchange | The Nasdaq Stock Market LLC |
| Total Revenue (2025) | $27.73 billion |
| Net Income (2025) | $2.62 billion |
| Total Assets (2025) | $40.88 billion |
| Total Equity (2025) | $19.01 billion |
| Operating Cash Flow (2025) | $3.81 billion |
| Capital Expenditures (2025) | $1.27 billion |
| Dividends Paid (2025) | $910 million |
| Share Repurchases (2025) | $384 million |
| R&D Expenditure (2025) | $600 million |
| Number of Employees | Approximately 56,000 |
| Countries of Operation | Over 120 |
| Headquarters | Houston, Texas |
| Chairman, President & CEO | Lorenzo Simonelli |
| Total Full-Year Orders (2025) | $29.58 billion |
| Remaining Performance Obligations | $35.9 billion |
| Operating Segments | 2 (OFSE, IET) |
| Patents Granted Worldwide (2025) | Over 1,400 |
Company Overview
Baker Hughes Company is an energy technology enterprise with a highly diversified portfolio of technologies and services that span across the global energy and industrial value chains. Conducting business operations in more than 120 countries, the organization deploys advanced technologies across multiple sectors, including industrial energy, oil and gas, liquefied natural gas (LNG), power generation, renewable energy, and emerging low-carbon solutions.
The company is strategically positioned to navigate the structural transformation of the global energy landscape. By integrating health, safety, and environment (HSE) standards into its core operational framework, the company aims to make energy safer, cleaner, and significantly more efficient while meeting the sustained growth in energy demand driven by population expansion, rising global living standards, electrification, and the rapid proliferation of digital infrastructure.
The organization recognizes that while renewable energy sources are expanding rapidly, natural gas and oil will continue to represent a significant portion of the global energy mix for decades. Natural gas plays a critical role in providing scale, reliability, and flexibility. In response to these dynamics, the overarching business strategy is aligned around three distinct pillars:
- Transforming the Core: Systematically transforming legacy operations to improve margins and cash flow. This is achieved through rigorous portfolio management, targeted cost improvement measures, and the deployment of new operational models.
- Driving Profitable Growth: Accelerating organic and inorganic growth trajectories by expanding offerings in high-potential markets. Differentiated solutions and highly sought-after capabilities are leveraged for LNG, gas infrastructure, power generation, data centers, industrial manufacturing, and oilfield production.
- Delivering Results in New Energy: Executing strategic investments aimed at driving lower-carbon emissions across the energy and industrial sectors. This encompasses technological advancements in hydrogen, carbon capture, utilization, and storage (CCUS), geothermal energy, and clean power solutions designed to lower lifecycle greenhouse gas (GHG) emissions relative to conventional fossil fuels.
Business Segments
The operations are categorized into two primary reportable business segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET).
Oilfield Services & Equipment (OFSE)
- Segment Revenue (2025): $14.32 billion
- Percentage of Total Revenue: 51.65%
The OFSE segment focuses on designing and manufacturing sophisticated products, and providing related services and integrated solutions for both onshore and offshore oilfield operations. This segment covers the complete life cycle of an asset, ranging from initial exploration, appraisal, and field development to active production, rejuvenation, and ultimate decommissioning. OFSE is aggressively expanding its technology portfolio to address new energy frontiers, such as geothermal and CCUS applications, while fortifying its digital architecture.
Industrial & Energy Technology (IET)
- Segment Revenue (2025): $13.40 billion
- Percentage of Total Revenue: 48.35%
The IET segment brings together a broad array of domain expertise, advanced technologies, software platforms, and targeted services for energy and industrial customers. Applications span on- and offshore operations, LNG, pipeline and gas storage, distributed gas, refining, petrochemicals, hydrogen, geothermal, CCUS, and power generation. IET also provides essential technology for maintaining infrastructure integrity across sectors like pulp and paper, food and beverage, industrial heating, automotive, marine, and aerospace.
History and Evolution
The corporate history is built on over a century of experience, characterized by continuous innovation. The company has evolved significantly, expanding its operations to over 120 countries.
- Recent Restructuring (2022): The company embarked on a major corporate realignment which resulted in a strict focus on the two current operating segments, streamlining operations for better efficiency.
- Russia/Ukraine Conflict Adjustments (2022-2025): As a result of the conflict between Russia and Ukraine that began in February 2022, the company suspended new investments in Russia. Through 2022 and 2023, the company sold part of its OFSE Russia business and suspended substantially all remaining operational activities in Russia, focusing in 2024 and 2025 on closing local entities to comply with western sanctions.
- Divestiture of Nexus Controls (2023): The company completed the sale of its Nexus Controls business in the IET segment in April 2023.
- Acquisition of Altus Intervention (2023): The company completed the acquisition of Altus Intervention in the OFSE segment.
- Chart Industries Definitive Agreement (2025): On July 29, 2025, a definitive agreement was announced to acquire all outstanding shares of Chart Industries, Inc., a global leader in process technologies for gas and liquid molecule handling, for $210 per share in cash (equivalent to an enterprise value of approximately $13.6 billion). Chart shareholders approved the transaction on October 6, 2025, with closing expected in the second quarter of 2026.
- Acquisition of Continental Disc Corporation (2025): On August 7, 2025, the acquisition of Continental Disc Corporation (CDC) was closed in an all-cash transaction for approximately $543 million.
- Precision Sensors & Instrumentation Sale (2026): In June 2025, the sale of the PSI business to Crane Company was announced, and the transaction successfully closed on January 1, 2026.
- Surface Pressure Control Joint Venture (2026): A joint venture with Cactus, Inc. combining the surface pressure control business was completed on January 1, 2026.
Products and Services
The company’s product and service offerings are deeply integrated across its operating segments.
OFSE Product Lines
Production Solutions
- Revenue (2025): $3.80 billion
- Percentage of Total Revenue: 13.72%
- Profile: Delivers artificial lift systems (electrical submersible pumping systems, surface pumping systems, rigless deployment systems, and sensors and gauges) and oilfield & industrial chemicals (upstream, downstream, and Aquaness wholesale chemicals).
Completions, Intervention, and Measurements
- Revenue (2025): $3.75 billion
- Percentage of Total Revenue: 13.52%
- Profile: Encompasses completions (wellbore construction, upper and lower completions, unconventional multistage completions, intelligent production systems, workover systems, fishing, and through-tubing services), pressure pumping (cementing, production enhancement, coiled tubing, and tubular running services), and wireline services (openhole and cased-hole logging, perforating, and drill stem-testing).
Well Construction
- Revenue (2025): $3.64 billion
- Percentage of Total Revenue: 13.14%
- Profile: Focuses on drilling services (directional drilling, logging-while-drilling, surface logging, remote operations), drill bits (polycrystalline, roller cone, hybrid, in-bit sensing), and drilling & completion fluids (emulsion-based, water-based, specialty, drill-in, completion fluids, and waste management).
Subsea & Surface Pressure Systems
- Revenue (2025): $3.12 billion
- Percentage of Total Revenue: 11.25%
- Profile: Includes subsea projects and services (subsea trees, controls, manifolds, wellheads, premium casing connectors, installation, commissioning, repairs, well intervention, life-of-field solutions, plug and abandonment), flexible pipe systems (subsea risers, flowlines, jumpers, onshore reinforced thermoplastic pipe), and surface pressure control systems (surface trees and wellheads).
IET Product Lines
Gas Technology Equipment
- Revenue (2025): $6.61 billion
- Percentage of Total Revenue: 23.86%
- Profile: Delivers highly efficient mechanical and electric-drive compression and power generation technology. Includes drivers (aero-derivative gas turbines, heavy-duty gas turbines, industrial gas turbines, steam turbines, turboexpanders, electric motors), driven equipment (synchronous condensers, generators, compressors, centrifugal pumps), and turnkey solutions (power generation modules, modularized liquefaction plants, CO2 compression).
Gas Technology Services
- Revenue (2025): $3.02 billion
- Percentage of Total Revenue: 10.91%
- Profile: Provides advanced aftermarket support, uptime availability, genuine spare parts, system upgrades, conversion solutions, digital advanced services, and turnkey solutions to refurbish and improve equipment and plant output.
Industrial Products
- Revenue (2025): $1.99 billion
- Percentage of Total Revenue: 7.18%
- Profile: Includes non-destructive testing (industrial radiography, ultrasonic sensors, testing machines, remote visual inspection), process & pipeline services (pre-commissioning, maintenance, inline inspection), flow control & safety solutions (valves, regulators, rupture discs, actuators), and power transmission (mechanical and electromechanical gear transmission systems).
Industrial Solutions
- Revenue (2025): $1.12 billion
- Percentage of Total Revenue: 4.05%
- Profile: Offers a suite of hardware, software, edge devices, and services for asset health and performance optimization.
Climate Technology Solutions
- Revenue (2025): $647 million
- Percentage of Total Revenue: 2.33%
- Profile: Includes CCUS, hydrogen, clean power, geothermal, and emissions abatement capabilities to accelerate decarbonization.
Brand Portfolio
The company leverages recognized brands, particularly within its Industrial & Energy Technology segment.
- Waygate Technologies: Delivers a comprehensive range of non-invasive inspection technologies, software, and services for non-destructive testing.
- Continental Disc Corporation (CDC): Acquired in 2025, providing rupture discs, actuators, and positioners for flow control and safety solutions.
- Cordant: A modular AI-enabled enterprise solution designed to optimize assets, processes, and energy use at scale.
- Bently Nevada: Provides rack-based vibrating monitoring equipment and sensors for power generation, oil and gas, and industrial applications.
- Panametrics, Druck, and Reuter-Stokes: Provided instrumentation and sensor-based technologies to detect and analyze pressure, flow, gas, moisture, and radiation. (Note: This business was sold to Crane Company on January 1, 2026) .
Geographical Presence
The operations are deeply embedded globally across over 120 countries, with a workforce of approximately 56,000 employees. Over 45,000 employees work outside the U.S. in over 85 countries.
OFSE Segment Revenue by Geography (2025):
- International: $10.55 billion
- Percentage of Total Revenue: 38.04%
- Profile: Revenue decreased by $1.12 billion (10%) from 2024, with declines experienced across all global regions. The regions span Latin America, Middle East/Asia, and Europe/CIS/Sub-Saharan Africa.
- North America: $3.77 billion
- Percentage of Total Revenue: 13.60%
- Profile: North America revenue decreased by $183 million (5%) from 2024.
- Key Concentration Risk: As of December 31, 2025, 16% of gross customer receivables were from customers in the U.S. and 10% were from customers in the United Arab Emirates. The Central Bank of Argentina maintains currency controls that limit the ability to access U.S. dollars and remit cash, necessitating mechanisms like the Blue Chip Swap.
Profit and Loss
| Metric | 2025 ($ Millions) | 2024 ($ Millions) | 2023 ($ Millions) |
| Total Revenue | 27,733 | 27,829 | 25,506 |
| Cost of Goods Sold | 14,388 | 14,291 | 12,801 |
| Cost of Services Sold | 6,801 | 7,055 | 6,803 |
| Selling, General and Administrative | 2,387 | 2,458 | 2,611 |
| Research and Development Costs | 600 | 643 | 651 |
| Restructuring | 215 | 260 | 313 |
| Other (Income) Expense, net | 243 | (341) | (544) |
| Interest Expense, net | 222 | 198 | 216 |
| Income Before Income Taxes | 2,877 | 3,265 | 2,655 |
| Provision for Income Taxes | (253) | (257) | (685) |
| Net Income | 2,624 | 3,008 | 1,970 |
| Less: Net income attributable to noncontrolling interests | 36 | 29 | 27 |
| Net Income Attributable to Company | 2,588 | 2,979 | 1,943 |
| Basic Income per Class A common share | $2.62 | $3.00 | $1.93 |
| Diluted Income per Class A common share | $2.60 | $2.98 | $1.91 |
- Analysis: Net income in 2025 was heavily impacted by a $103 million net loss from changes in the fair value of equity securities and $107 million in transaction costs related to acquisitions/disposals, partially offset by a $308 million reversal of valuation allowances on deferred tax assets due to sustained profitability.
Balance Sheet
| Assets | 2025 ($ Millions) | 2024 ($ Millions) |
| Cash and cash equivalents | 3,715 | 3,364 |
| Current receivables, net | 6,641 | 7,122 |
| Inventories, net | 4,954 | 4,954 |
| All other current assets | 3,518 | 1,771 |
| Total current assets | 18,828 | 17,211 |
| Property, plant and equipment, net | 5,127 | 5,326 |
| Goodwill | 6,068 | 6,078 |
| Other intangible assets, net | 4,097 | 3,951 |
| Contract and other deferred assets | 1,620 | 1,730 |
| Deferred income tax assets | 1,957 | 1,284 |
| All other assets | 2,985 | 2,982 |
| Total Assets | 40,881 | 38,363 |
| Liabilities and Equity | 2025 ($ Millions) | 2024 ($ Millions) |
| Accounts payable | 4,579 | 4,542 |
| Short-term / current portion of long-term debt | 689 | 53 |
| Progress collections and deferred income | 5,904 | 5,672 |
| All other current liabilities | 2,724 | 2,705 |
| Total current liabilities | 13,877 | 12,991 |
| Long-term debt | 5,398 | 5,970 |
| Liabilities for pensions and postretirement benefits | 1,066 | 988 |
| Deferred income tax liabilities | 84 | 83 |
| All other liabilities | 1,446 | 1,276 |
| Total Company Equity | 18,834 | 16,895 |
| Noncontrolling interests | 176 | 160 |
| Total Equity | 19,010 | 17,055 |
| Total Liabilities and Equity | 40,881 | 38,363 |
Cash Flow
| Cash Flows | 2025 ($ Millions) | 2024 ($ Millions) | 2023 ($ Millions) |
| Net cash flows provided by operating activities | 3,810 | 3,332 | 3,062 |
| Expenditures for capital assets | (1,273) | (1,278) | (1,224) |
| Proceeds from disposal of assets | 195 | 203 | 208 |
| Net cash paid for acquisitions | (830) | (33) | (301) |
| Net cash flows used in investing activities | (2,044) | (1,016) | (817) |
| Dividends paid | (910) | (836) | (786) |
| Repurchase of Class A common stock | (384) | (484) | (538) |
| Repayment of long-term debt | (188) | (143) | (651) |
| Net cash flows used in financing activities | (1,482) | (1,527) | (2,028) |
Board of Directors and Leadership Team
The strategic vision and global operations are overseen by a highly experienced executive leadership team. The Board relies on specialized committees including Audit, Finance, Human Capital and Compensation, and Governance and Corporate Responsibility.
- Lorenzo Simonelli (Age 52) – Chairman, President and Chief Executive Officer: Simonelli has been the Chairman of the Board since October 2017, and President and CEO since July 2017. Prior to joining, he was Senior Vice President, GE and President and CEO, GE Oil & Gas from October 2013 to July 2017, and CEO of GE Transportation from July 2008 to October 2013. He serves on the Board of Iveco Group N.V. and is a Business & Economics Graduate from Cardiff University.
- Ahmed Moghal (Age 44) – Executive Vice President and Chief Financial Officer: Moghal previously served as SVP and CFO for the IET segment. With over two decades of global financial experience, he started his career at GE in the Financial Management Program and Corporate Audit Staff. He holds a degree in Accounting & Finance from London South Bank University.
- James E. Apostolides (Age 48) – Chief Infrastructure & Performance Officer: Apostolides is responsible for leading HSE, Security, Digital Technology, Supply Chain Centers of Excellence, and Enterprise Shared Services. He began his career in 1999 with GE and holds a bachelor’s degree in mechanical engineering from Worcester Polytechnic Institute.
- Maria Claudia Borras (Age 57) – Chief Growth & Experience Officer and Interim Executive Vice President, IET: Borras previously served as EVP, Oilfield Services and Equipment from September 2022 to September 2024. She served as Chief Commercial Officer of GE Oil & Gas from January 2015 to July 2017 and holds a petroleum engineering degree from Universidad de América.
- Amerino Gatti (Age 55) – Executive Vice President, Oilfield Services and Equipment: Joining in September 2024, Gatti previously served as CEO and Chairman of TEAM, Inc., and spent 25 years with Schlumberger. He earned a degree in mechanical engineering from the University of Alberta.
- Georgia Magno (Age 47) – Chief Legal Officer: Magno previously served as Vice President and General Counsel for the IET segment. Prior to joining the company in 2010, she was a litigator with Cleary Gottlieb Steen & Hamilton LLP and Weil, Gotshal & Manges LLP. She holds a J.D. from Università di Bologna and an L.L.M. from Harvard Law School.
Subsidiaries, Associates, Joint Ventures
The company operates through an extensive network of entities and joint ventures to execute its global strategy.
- Baker Hughes Holdings LLC (BHH LLC): An indirect, 100% owned subsidiary that functions as the primary operating company. In 2025, BHH LLC generated $27.73 billion in revenue and $2.76 billion in net income, holding $40.57 billion in total assets.
- Baker Hughes Co-Obligor, Inc.: A 100% owned finance subsidiary of BHH LLC, incorporated for the sole purpose of serving as a corporate co-obligor of debt securities.
- Aero JV: A joint venture jointly controlled by the company and GE Vernova. It is central to the second amended and restated supply and technology development agreement, governing the supply of certain aeroderivative technology to the company.
- Surface Pressure Control Joint Venture: Finalized on January 1, 2026, the company created a joint venture with a subsidiary of Cactus, Inc., contributing its surface pressure control business.
Other Investments (Including Minority / Portfolio Holdings)
The company actively invests in strategic minority holdings and portfolio investments, particularly to advance its Climate Technology Solutions and broader digital initiatives.
- Fervo Energy: A strategic partnership and investment supporting advanced geothermal energy development. Ownership percentage and exact revenue contribution are not disclosed.
- Frontier Carbon Solutions: Strategic investment targeting carbon capture, utilization, and storage (CCUS) infrastructure. Ownership percentage and exact revenue contribution are not disclosed.
- HIF Global: A strategic collaboration aimed at advancing the development of e-fuels. Ownership percentage and exact revenue contribution are not disclosed.
- NET Power: Strategic investment focused on clean power technology and lower-emission generation. Ownership percentage and exact revenue contribution are not disclosed.
(Note: The aggregate carrying amount of the Company’s equity method investments was $1.11 billion at December 31, 2025. Specific ownership metrics below 20% for individual venture assets are not discretely broken down by revenue in the disclosed consolidated financial statements).
Physical Properties
The company owns or leases numerous principal properties worldwide, including manufacturing plants, equipment assembly bays, maintenance and overhaul facilities, chemical processing centers, and primary research and technology centers. All owned properties are unencumbered.
- United States: Houston, Pasadena, and The Woodlands, Texas; Claremore, Oklahoma; Minden, Nevada. The corporate headquarters is leased and located in Houston, Texas.
- Canada: Leduc and Calgary.
- Europe: Celle, Hurth, and Wunstorf, Germany; Tananger, Norway; Aberdeen and Montrose, Scotland; Nailsea and Newcastle, England; Florence, Massa, Avenza, Bari, and Talamona, Italy; Le Creusot, France; Fot, Hungary; Pilsen, Czech Republic.
- Latin America: Macae and Niteroi, Brazil.
- Asia-Pacific: Singapore; Jandakot, Australia; Kakinada and Coimbatore, India; Shanghai and Suzhou, China.
- Middle East & Africa: Mesaieed, Qatar; Abu Dhabi and Dubai, United Arab Emirates; Dammam and Dhahran, Saudi Arabia; Luanda, Angola; Port Harcourt, Nigeria.
Founders
The technological bedrock of the company traces back to the inception of the Hughes Tool Company, founded by Howard R. Hughes, Sr. In 1909, Hughes fundamentally revolutionized the oil and gas industry by patenting the first commercially successful rolling cutter drill bit design, allowing for efficient rock cutting and establishing the modern framework for well construction. The Consolidated brand roots date back to 1879, marking the foundation of its pressure relief valve technologies.
Parent
The company operates as an independent, publicly traded entity listed on The Nasdaq Stock Market LLC (Ticker: BKR). It does not report a parent company.
Investments and Capital Expenditure Plans
To sustain operations and fuel strategic growth, the company directs heavy capital toward internal capability and acquisitions.
- Capital Expenditures: In 2025, the company invested $1.27 billion in capital expenditures (property, plant, and equipment). Management forecasts that capital expenditures in 2026 will be made at a rate equaling up to 5% of annual revenue.
- R&D Spend: The company invested $600 million directly into research and development during 2025, resulting in over 1,400 patents worldwide.
- Acquisition Funding: To execute the massive $13.6 billion acquisition of Chart Industries, the company plans to deploy cash and cash equivalents generated from operations, expected asset sales proceeds, and new debt financing. The company has secured commitments for a $14.9 billion senior unsecured 364-day bridge facility and a $2.6 billion senior unsecured delayed-draw term loan facility.
Shareholding Pattern
The company possesses an expansive and public shareholding pattern.
- Outstanding Shares: As of January 27, 2026, there were 988,236,510 outstanding shares of Class A Common Stock.
- Public Holdings / Non-Affiliates: The aggregate market value of the voting and non-voting common stock held by non-affiliates was approximately $37.73 billion as of the close of the second fiscal quarter.
- Share Repurchases: In 2025, the company repurchased and canceled 9.8 million shares of Class A common stock for a total of $384 million. As of December 31, 2025, the company maintained authorization to repurchase up to approximately $1.3 billion of its Class A common stock.
Future Strategy
The company’s management-stated outlook embraces the dual mandate of fulfilling immediate hydrocarbon demand while positioning aggressively for the energy transition.
- Focus on LNG and Gas Infrastructure: The company anticipates sustained strength in the LNG and gas infrastructure markets, projecting long-term demand growth driven by population expansion, higher living standards, and electrification.
- Targeting Data Center Power Demand: The proliferation of AI and data center expansion has created a massive new structural layer of power demand. In 2025, the company booked $1 billion in orders tied to data center applications and projects an astonishing $3 billion in data center-related orders between 2025 and 2027.
- Expanding New Energy: The strategic focus involves deploying capital into hydrogen, geothermal, CCUS, and clean power capabilities to lower emissions across hard-to-abate sectors.
- Navigating Upstream Spending: Recognizing soft market conditions and potential modest declines in global upstream spending through most of 2026, the strategy within the OFSE segment relies heavily on rigorous cost improvement measures and operational efficiency to protect margins.
Key Strengths
- Vast Global Scale and Scope: Operations in over 120 countries and a deeply entrenched direct sales force provide unrivaled reach to serve major integrated and independent energy producers.
- Relentless Innovation Engine: Funding $600 million in R&D in 2025 and securing over 1,400 patents worldwide fortifies a technological moat across both legacy and new energy systems.
- Financial Resilience and Cash Generation: Generating $3.81 billion in operating cash flow in 2025 gives the organization immense liquidity to raise dividends, aggressively buy back stock, and pursue monumental acquisitions like Chart Industries.
- Diverse Portfolio Synergies: The ability to merge the sophisticated hardware of OFSE with the turbomachinery and advanced analytics platforms (like Cordant) of IET creates highly sticky, long-term service contracts.
Key Challenges and Risks
- Commodity Price Dependency: Demand for the company’s products and services is highly correlated with global economic growth and the extreme volatility of WTI and Brent crude oil prices. A prolonged reduction in prices can severely reduce customer upstream capital spending.
- Supply Chain Constraints: Geopolitical conflicts, tariffs, and shortages of critical raw materials (like nickel-based super alloys and tungsten carbide) threaten manufacturing operations and fulfillment timelines.
- Acquisition Execution Risk: The pending $13.6 billion acquisition of Chart Industries introduces massive integration risk, regulatory hurdles, and necessitates taking on significant new debt financing, which could increase leverage and debt service requirements.
- Energy Transition Uncertainty: The pace of the shift to a lower-carbon economy is highly unpredictable. If the transition slows, massive investments made in hydrogen, CCUS, and clean power technologies may fail to generate competitive returns or develop as anticipated.
- Cybersecurity and AI Threats: Increased cybersecurity vulnerabilities and the integration of AI models expose the company to ransomware incidents, data breaches, intellectual property infringement, and algorithmic bias liabilities.
Conclusion and Strategic Outlook
Baker Hughes Company remains an indispensable pillar of the global energy and industrial ecosystems. By executing a highly disciplined dual-segment approach, the organization successfully balances the intense, recurring revenue of its Oilfield Services & Equipment (OFSE) segment with the rapid, secular growth of its Industrial & Energy Technology (IET) segment.
Despite operating in a highly volatile macroeconomic environment plagued by fluctuating commodity prices and supply chain frictions, the enterprise generated over $27.7 billion in revenue and produced massive operating cash flows exceeding $3.8 billion in 2025. This exceptional financial strength allows management to execute transformative corporate maneuvers, best highlighted by the monumental pending $13.6 billion acquisition of Chart Industries. As the world wrestles with the staggering energy demands generated by AI proliferation, data center expansion, and global electrification, Baker Hughes is uniquely positioned to deliver the advanced gas technology and lower-carbon solutions required to power the future reliably and sustainably.
FAQ Section
1. What are the two primary business segments of Baker Hughes?
The company operates through two main segments: Oilfield Services & Equipment (OFSE), which provides solutions for the entire lifecycle of onshore and offshore oilfield operations, and Industrial & Energy Technology (IET), which delivers advanced domain expertise, gas technology, and software for energy and industrial customers.
2. How much revenue did Baker Hughes generate in 2025?
For the fiscal year 2025, the company generated $27.73 billion in total revenue and reported a net income of $2.62 billion.
3. What is the Chart Industries transaction?
On July 29, 2025, the company announced a definitive agreement to acquire Chart Industries, Inc. for $210 per share in cash, representing an enterprise value of approximately $13.6 billion, to significantly expand its process technologies and gas handling capabilities.
4. How is Baker Hughes addressing the energy demands of AI and data centers?
The company is aggressively leveraging its Gas Technology Equipment portfolio to meet the power demands of digital infrastructure. In 2025, it booked $1 billion in orders tied specifically to data center applications and projects booking an additional $3 billion between 2025 and 2027.
5. How much does Baker Hughes invest in R&D?
The company maintains a strong commitment to technological innovation, investing $600 million directly into Research and Development expenses in 2025, which contributed to over 1,400 patents being granted worldwide.
6. What are the company’s targets for reducing greenhouse gas emissions?
The company has committed to reducing its Scope 1 and 2 carbon dioxide equivalent emissions by 50% by the year 2030, and it aims to achieve net-zero emissions by 2050, in alignment with the Paris Agreement.
7. Who is the current leadership of Baker Hughes?
Lorenzo Simonelli serves as the Chairman, President, and Chief Executive Officer, having led the company as CEO since July 2017.
8. What are the company’s “New Energy” technologies?
The company’s new energy portfolio, primarily housed under Climate Technology Solutions, focuses on carbon capture, utilization and storage (CCUS), hydrogen production and transport, geothermal energy, and clean power solutions designed to reduce lifecycle greenhouse gas emissions.
Official Site: https://www.bakerhughes.com
Source: Content on FirmsWorld.com is based on publicly available corporate filings, regulatory disclosures, annual reports, SEC 10-K filings, investor relations materials, and, where applicable, direct communications with the company.
