Baker Hughes Co - Company Profile
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Business Description
Baker Hughes Co (Baker Hughes) is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. The company operates in over 120 countries, focusing on innovative technologies and services to advance energy solutions. Baker Hughes serves industries such as oil and gas, power generation, aerospace, and various other industrial sectors. In FY2025, the company reported an order intake of US$29,600 million.
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R&D Overview
Baker Hughes engages in R&D activities focused on developing new products, services, technology, and solutions, as well as improving existing products and services. The company invests in technologies that support customers' efforts to reduce their carbon footprint. Key areas of investment include formation evaluation, drilling, completions, production capabilities, digital, automation, electrification, chemistry and materials, electronics, CCUS, and geothermal. The company is enhancing its Well Construction, Completions, Intervention, and Measurements, Production Solutions, and Subsea & Surface Pressure Systems product lines. Additionally, Baker Hughes invests in foundational technologies for energy transition, including advanced materials, manufacturing technologies, process technologies, and digital technologies. During FY2025, the company had over 1,400 patents worldwide. In FY2025, the company reported a research and development expenditure of US$600 million which was 2.2% of the company's total revenue and declined 6.7% YoY.
Business Segments
Overview
Provides technology solutions and services for mechanical-drive, compression and power-generation applications, these solutions are offered for a range of industries, which includes energy industry, oil and gas, liquefied natural gas operations, downstream refining and petrochemical markets. This segment is further organized into six product lines: Gas Technology Equipment and Gas Technology Services, collectively referred to as Gas Technology, and Condition Monitoring, Inspection and Pumps Valves & Gears. Offers products and services facilitating the flow of hydrocarbons from subsea wellhead to the surface production facilities. Offerings include drilling equipment, flexible pipe systems, subsea production systems, and other solutions. Drilling and production systems product line includes blowout preventers, wellhead connectors, diverters, marine drilling risers and related services. Subsea production systems include manifolds, connections, trees, specialty connectors and pipes, wellheads, and installation and decommissioning solutions. Flexible pipe products include risers, flowlines, fluid transfer lines and jumpers. Provides services such as installation, well access, technical support, operating resources and asset integrity solutions Serves oil and gas field developers and drilling and oil companies. Owns and leases facilities in the US, the UK, China, Brazil and Saudi Arabia. In FY2025, the segment incurred a capital expenditure of US$325 million, which grew 14.4% YoY.
Performance
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Overview
Provides products and services for onshore and offshore oilfield operations, which span across the lifecycle of the well. The services offered in this segment include exploration, appraisal, and development, to production, rejuvenation, and decommissioning. This segment consists of four product lines which are, well construction, completions, intervention and measurements, production solutions, and subsea and surface pressure systems. In FY2025, the segment incurred a capital expenditure of US$887 million, which declined 7% YoY.
Performance
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Geographical Segments
Performance
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Performance
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