OverviewSuggest Edit

Baker Hughes is an energy technology company providing solutions for energy and industrial customers. It offers oilfield services, including evaluation, drilling, completions, production, and optimization, as well as oilfield equipment, such as subsea and floating production systems, flexible pipe systems, and turbomachinery and process solutions, ranging from aeroderivative and heavy duty gas turbines to modular solutions and centrifugal compressors. The company also provides condition monitoring, asset protection, industrial cybersecurity, pressure measurement, inspection, flare management, and digital solutions.
TypePublic
Founded1987
HQHouston, US
Websitebakerhughes.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)68,000(+4%)
Job Openings413
Revenue (FY, 2019)$23.8 B(+5%)
Share Price (Oct 2020)$13.1
Cybersecurity ratingCMore

Key People/Management at Baker Hughes

Lorenzo Simonelli

Lorenzo Simonelli

Chairman and CEO
Maria Claudia Borras

Maria Claudia Borras

Executive Vice President, Oilfield Services
W. Geoffrey Beattie

W. Geoffrey Beattie

Lead Director
Jen Hartsock

Jen Hartsock

Chief Information Officer
Michele Fiorentino

Michele Fiorentino

Executive Vice President, Strategy & Business Development
Neil Saunders

Neil Saunders

Executive Vice President, Oilfield Equipment
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Baker Hughes Office Locations

Baker Hughes has offices in Houston, Jacksonville, Cabinda, Comodoro Rivadavia and in 43 other locations
Houston, US (HQ)
17021 Aldine Westfield Rd
Jacksonville, US
12970 Normandy Blvd
Singapore, SG
Central Area
Abu Dhabi, AE
Dhafir Tower
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Baker Hughes Financials and Metrics

Baker Hughes Revenue

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Baker Hughes's revenue was reported to be $23.84 b in FY, 2019 which is a 4.2% increase from the previous period.
USD

Revenue (Q2, 2020)

4.7b

Gross profit (Q2, 2020)

678.0m

Gross profit margin (Q2, 2020), %

14.3%

Net income (Q2, 2020)

(355.0m)

EBIT (Q2, 2020)

(52.0m)

Market capitalization (19-Oct-2020)

13.6b

Closing stock price (19-Oct-2020)

13.1

Cash (30-Jun-2020)

4.1b

EV

17.1b
Baker Hughes's current market capitalization is $13.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

17.3b22.9b23.8b

Revenue growth, %

30%33%4%

Cost of goods sold

14.0b18.9b19.4b

Gross profit

3.2b4.0b4.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

5.4b5.5b5.7b5.6b6.0b5.9b5.4b4.7b

Cost of goods sold

4.6b4.6b4.7b4.6b4.9b4.8b4.7b4.1b

Gross profit

841.0m936.0m973.0m976.0m1.1b1.1b755.0m678.0m

Gross profit Margin, %

16%17%17%17%18%19%14%14%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

7.0b3.7b3.2b

Accounts Receivable

6.0b6.0b6.4b

Inventories

4.6b4.6b4.6b

Current Assets

18.5b15.0b15.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

5.6b4.9b4.8b3.1b3.1b2.8b3.0b4.1b

Accounts Receivable

5.9b6.0b5.8b6.3b6.3b6.2b6.1b5.6b

Inventories

4.7b4.7b4.7b4.9b4.8b4.7b4.5b4.6b

Current Assets

17.1b16.4b16.1b14.9b15.0b14.8b14.7b15.5b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(242.0m)283.0m128.0m

Depreciation and Amortization

1.1b1.5b1.4b

Inventories

392.0m(339.0m)(200.0m)

Accounts Payable

303.0m794.0m249.0m
Quarterly
USDFY, 2017

Revenue/Employee

355.9k

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.5 x

P/E Ratio

(131.1)
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Baker Hughes Operating Metrics

Baker Hughes's Backlog was reported to be $21b in FY, 2017.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Order Volume

$17.38 b$5.24 b$6 b$5.70 b$23.90 b$5.70 b$6.60 b$7.80 b$27 b$5.50 b$4.90 b

Backlog

$21.02 b

Remaining Performance Obligations

$21.30 b$20.90 b$20.80 b$21 b$20.50 b$20.60 b$22.20 b$22.90 b$22.70 b$22.90 b

Drilling Rigs

2.03 k2.21 k2.12 k2.26 k2.21 k2.25 k2.18 k2.20 k2.17 k2.06 k1.25 k
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Baker Hughes Acquisitions / Subsidiaries

Company NameDateDeal Size
Avitas SystemsJanuary 01, 2019
JOA Oil & GasOctober 07, 2010
BJ Services CompanyApril 28, 2010
Nova Technology CorporationJanuary 31, 2006
Luna EnergySeptember 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 Holdings I B.V.
Baker Hughes Holdings II B.V.
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Baker Hughes Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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Baker Hughes Revenue Breakdown

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Baker Hughes revenue breakdown by business segment: 10.5% from Digital Solutions, 23.2% from Turbomachinery & Process Solutions, 12.3% from Oilfield Equipment and 54.1% from Oilfield Services

Baker Hughes Online and Social Media Presence

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Baker Hughes News and Updates

Baker Hughes reports a rise in the U.S. oil-rig count for a fourth week in a row

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 12 to 205 this week. The increase followed increases in each of the last three weeks. The total active U.S. rig count, meanwhile, was up 13 to 282, according to Baker Hughes. Following the data, November We…

Baker Hughes reports a second weekly increase in the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 189 this week. The increase followed an increase of 4 oil rigs in the previous week. The total active U.S. rig count, meanwhile, was up 5 to 266, according to Baker Hughes. November West Texas Intermed…

Sterling Auxiliaries Announces Agreement to Acquire Sand Springs, Oklahoma, Chemicals Manufacturing Site from Baker Hughes

SOUTHBURY, Conn., Sept. 24, 2020 /PRNewswire/ -- Sterling Auxiliaries Pvt. Ltd. and its parent company, Artek Surfin Chemicals Ltd., a leading producer of specialty chemicals with manufacturing capabilities across four continents, have agreed to acquire the land and assets associated with...

Baker Hughes reports a third weekly decline in the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 4 to 172 this week. That marked a third weekly decline in a row. The total active U.S. rig count, meanwhile, was down 3 to 244, according to Baker Hughes. September West Texas Intermediate crude continued t…

Oil and Gas Infrastructure Market Next Big Thing | Major Giants Baker Hughes, Shell, ExxonMobil, Halliburton

Oil and Gas Infrastructure Comprehensive Study by Type (Product Platforms (Both Sable and Deep Panuke Have Production Platforms), Offshore Raw and Sales Gas Pipelines, Onshore and Offshore Gas Plants, Fractionation Plant), Application (LNG And CNG Vehicles, Extraction, Refinement, Transport, Crude O…

GE to sell off its Baker Hughes stake over the next 3 years

General Electric Co. said Wednesday, as it reported second-quarter results, that it is launching a program to fully monetize its ownership position in oil services company Baker Hughes Co. over about three years. GE disclosed Wednesday that it owned 377.4 million shares of Baker Hughes, which base…
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Baker Hughes Blogs

GaugePro Echo command digital reamer

Overview Reamers are designed and deployed with a single purpose: enlarging a wellbore to the size you need as efficiently and as reliably as possible. Most reamers, however, are “dumb” tools, so they aren’t very efficient or reliable. The GaugePro™ Echo on-command digital reamer from Baker Hug…
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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 W. Geoffrey Beattie.

  • How many employees does Baker Hughes have?

    Baker Hughes has 68,000 employees.

  • What is Baker Hughes revenue?

    Latest Baker Hughes annual revenue is $23.8 b.

  • What is Baker Hughes revenue per employee?

    Latest Baker Hughes revenue per employee is $350.6 k.

  • Who are Baker Hughes competitors?

    Competitors of Baker Hughes include Elliott Group, Exterran and TechnipFMC.

  • 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, Jacksonville, Cabinda, Comodoro Rivadavia and in 43 other locations.

  • How many offices does Baker Hughes have?

    Baker Hughes has 47 offices.