OverviewSuggest Edit
Baker Hughes is an energy technology company providing solutions for energy and industrial customers. It offers oilfield services, such as evaluation, drilling, completions, production, and optimization, as well as oilfield equipment including pressure control equipment and services, subsea production systems and services, drilling equipment, and flexible pipeline systems. The company also provides turbomachinery and process solutions comprising drivers, compressors, turn-key solutions, pumps, valves, and compressed natural gas (CNG) and small-scale liquefied natural gas (LNG) solutions, along with digital solutions, such as condition monitoring, industrial controls, non-destructive technologies, measurement, sensing, and pipeline solutions.
| Type | Public | |
| Founded | 1987 | |
| HQ | Houston, TX, US | Map |
| Website | bakerhughes.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Recent NewsAll News
Key People/Management at Baker Hughes
Lorenzo Simonelli
Maria Claudia Borras
Jen Hartsock
Michele Fiorentino
Neil Saunders
Kevin Wetherington
Baker Hughes Office Locations
Baker Hughes Financials and Metrics
Baker Hughes Revenue
| USD | |
|---|---|
Revenue (Q1, 2021) | 4.8b |
Gross profit (Q1, 2021) | 858.0m |
Gross profit margin (Q1, 2021), % | 17.9% |
Net income (Q1, 2021) | (605.0m) |
EBIT (Q1, 2021) | 164.0m |
Market capitalization (29-Jul-2021) | 22.1b |
Closing stock price (29-Jul-2021) | 21.2 |
Cash (31-Mar-2021) | 4.4b |
EV | 25.3b |
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|
Net Income | 71.0m | 60.0m | 177.0m | (16.1b) | (16.5b) | (16.7b) | (452.0m) |
Depreciation and Amortization | 350.0m | 709.0m | 1.1b | 355.0m | 694.0m | 1.0b | 292.0m |
Inventories | (220.0m) | (303.0m) | (324.0m) | (140.0m) | (275.0m) | (183.0m) | 88.0m |
Accounts Payable | (93.0m) | 46.0m | (51.0m) | (182.0m) | (490.0m) | (670.0m) | (11.0m) |
| USD | FY, 2018 |
|---|---|
EV/EBIT | 37.4 x |
EV/CFO | 14.9 x |
EV/FCF | 34.2 x |
Revenue/Employee | 352.0k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 1.5 x |
P/E Ratio | 47.8 |
Baker Hughes Operating Metrics
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Order Volume | $17.38 b | $5.24 b | $6 b | $5.7 b | $23.9 b | $5.7 b | $6.6 b | $7.8 b | $27 b | $5.5 b | $4.9 b | $5.1 b |
Backlog | $21.02 b | |||||||||||
Remaining Performance Obligations | $21.3 b | $20.9 b | $20.8 b | $21 b | $20.5 b | $20.6 b | $22.2 b | $22.9 b | $22.7 b | $22.9 b | $23 b | |
Drilling Rigs | 2.03 k | 2.21 k | 2.12 k | 2.26 k | 2.21 k | 2.25 k | 2.18 k | 2.2 k | 2.17 k | 2.06 k | 1.25 k | 1.03 k |
Baker Hughes Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| ARMS Reliability | February 18, 2021 | |
| Compact Carbon Capture | November 04, 2020 | |
| Avitas Systems | January 01, 2019 | |
| JOA Oil & Gas | October 07, 2010 | |
| BJ Services Company | April 28, 2010 | |
| Nova Technology Corporation | January 31, 2006 | |
| Luna Energy | September 30, 2005 | |
| Baker Hughes Holdings 3 S.à r.l. | ||
| Baker Hughes Holdings 4 S.à r.l. | ||
| Baker Hughes Holdings 5 S. à r.l. |
Baker Hughes Revenue Breakdown
Baker Hughes revenue breakdown by business segment: 9.7% from Digital Solutions, 27.6% from Turbomachinery & Process Solutions, 13.7% from Oilfield Equipment and 49.0% from Oilfield Services
Baker Hughes revenue breakdown by geographic segment: 77.6% from Non-US and 22.4% from US
Baker Hughes Cybersecurity Score
Baker Hughes Environment, Social & Governance (ESG) Ratings
Baker Hughes Online and Social Media Presence
67.11k Twitter followers
Baker Hughes has 67.11k Twitter Followers. The number of followers has increased 0.3% month over month
Baker Hughes's Trends
Twitter Engagement Stats for @bakerhughesco
4.1k
Tweets
961
Following
67.1k
Followers
15
Tweets last 30 days
11
Avg. likes per Tweet
100%
Tweets with engagement
Baker Hughes Company Culture
Overall Culture
D
60/100
CEO Rating
C
65/100
Compensation
C+
67/100
Diversity
D+
59/100
Baker Hughes News and Updates
Baker Hughes data show U.S. oil-drilling rigs up a fourth week in a row
Baker Hughes stock jumps after adjusted profit misses but revenue beats
Baker Hughes data show a third-straight weekly climb in U.S. oil-drilling rigs
AAR signs agreement with Druck, a Baker Hughes business, for global AOG support
Baker Hughes Takes a Stake in Synthetic Natural Gas Startup
Baker Hughes data show a second-straight weekly climb in U.S. oil-drilling rigs
Baker Hughes Blogs
Onyx big bore tubing retrievable subsurface safety valve
Oil & Gas Investor - 25 Influential Women in Energy
Listed below are a list of normative exposures
Listed below are common technical threats
A Comprehensive Approach to Product Development and Security
Article body
Baker Hughes Frequently Asked Questions
When was Baker Hughes founded?
Baker Hughes was founded in 1987.
Who are Baker Hughes key executives?
Baker Hughes's key executives are Lorenzo Simonelli, Maria Claudia Borras and Jen Hartsock.
How many employees does Baker Hughes have?
Baker Hughes has 55,000 employees.
What is Baker Hughes revenue?
Latest Baker Hughes annual revenue is $20.7 b.
What is Baker Hughes revenue per employee?
Latest Baker Hughes revenue per employee is $376.5 k.
Who are Baker Hughes competitors?
Competitors of Baker Hughes include Nabors, NOV and Dril-Quip.
Where is Baker Hughes headquarters?
Baker Hughes headquarters is located at 17021 Aldine Westfield Rd, Houston.
Where are Baker Hughes offices?
Baker Hughes has offices in Houston, Anchorage, Baton Rouge, Big Spring and in 196 other locations.
How many offices does Baker Hughes have?
Baker Hughes has 203 offices.
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