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.

TypePublic
Founded1987
HQHouston, TX, US
Websitebakerhughes.com
Employee Ratings3.7
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)55,000(-19%)
Job Openings1,398
Revenue (FY, 2020)$20.7 B(-13%)
Share Price (Jul 2021)$21.2
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
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
Kevin Wetherington

Kevin Wetherington

Chief HSE, Security & Quality Officer
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Baker Hughes Office Locations

Baker Hughes has offices in Houston, Anchorage, Baton Rouge, Big Spring and in 196 other locations
Houston, TX, US (HQ)
17021 Aldine Westfield Rd
Anchorage, AK, US
795 E 94th Ave
Baton Rouge, LA, US
11616 Industriplex Blvd
Big Spring, TX, US
W Interstate 20
Billerica, MA, US
1100 Technology Park Dr
Bloomfield, NM, US
100 Montana
Show all (203)

Baker Hughes Financials and Metrics

Baker Hughes Revenue

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Baker Hughes's revenue was reported to be $20.71 b in FY, 2020 which is a 13.1% decrease from the previous period.
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
Baker Hughes's current market capitalization is $22.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

22.9b23.8b20.7b

Revenue growth, %

33%4%(13%)

Cost of goods sold

18.9b19.4b17.5b

Gross profit

4.0b4.4b3.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

5.6b6.0b5.9b5.4b4.7b5.0b4.8b

Cost of goods sold

4.6b4.9b4.8b4.7b4.1b4.3b3.9b

Gross profit

976.0m1.1b1.1b755.0m678.0m757.0m858.0m

Gross profit Margin, %

17%18%19%14%14%15%18%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

3.7b3.2b4.1b

Accounts Receivable

6.0b6.4b5.6b

Inventories

4.6b4.6b4.4b

Current Assets

15.0b15.2b16.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

3.1b3.1b2.8b3.0b4.1b4.1b4.4b

Accounts Receivable

6.3b6.3b6.2b6.1b5.6b5.6b5.3b

Inventories

4.9b4.8b4.7b4.5b4.6b4.5b4.2b

Current Assets

14.9b15.0b14.8b14.7b15.5b15.2b15.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

283.0m128.0m(15.8b)

Depreciation and Amortization

1.5b1.4b1.3b

Inventories

(339.0m)(200.0m)(80.0m)

Accounts Payable

794.0m249.0m(711.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

71.0m60.0m177.0m(16.1b)(16.5b)(16.7b)(452.0m)

Depreciation and Amortization

350.0m709.0m1.1b355.0m694.0m1.0b292.0m

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)
USDFY, 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
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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, 2020Q3, 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 k2.21 k2.12 k2.26 k2.21 k2.25 k2.18 k2.2 k2.17 k2.06 k1.25 k1.03 k
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Baker Hughes Acquisitions / Subsidiaries

Company NameDateDeal Size
ARMS ReliabilityFebruary 18, 2021
Compact Carbon CaptureNovember 04, 2020
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.
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Baker Hughes Revenue Breakdown

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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

Human Capital Metrics

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Baker Hughes Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Baker Hughes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Baker Hughes Online and Social Media Presence

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Baker Hughes Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    C

    65/100

  • Compensation

    C+

    67/100

  • Diversity

    D+

    59/100

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Baker Hughes News and Updates

Baker Hughes data show U.S. oil-drilling rigs up a fourth week in a row

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by seven at 387 this week. That marked a fourth weekly rise in a row. The total active U.S. rig count, which includes those drilling for natural gas, also rose by seven to stand at 491, according to Baker Hu…

Baker Hughes stock jumps after adjusted profit misses but revenue beats

Shares of Baker Hughes Co. climbed 2.5% in premarket trading Wednesday, after the oil and natural gas company reported second-quarter adjusted profit that surprisingly declined but revenue that rose above expectations, and provided an upbeat demand growth outlook. Net loss for the quarter narrowed …

Baker Hughes data show a third-straight weekly climb in U.S. oil-drilling rigs

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two at 380 this week. That marked a third weekly rise in a row. The total active U.S. rig count, which includes those drilling for natural gas, rose by five to stand at 484, according to Baker Hughes. Aug…

AAR signs agreement with Druck, a Baker Hughes business, for global AOG support

Wood Dale, July 01, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed an agreement with Druck, a Baker Hughes business, to offer global aircraft-on-ground (AOG) support for a range of engine pressure …

Baker Hughes Takes a Stake in Synthetic Natural Gas Startup

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 on Friday reported that the number of active U.S. rigs drilling for oil was up by eight at 373 this week. That marked a second weekly rise in a row. Last week, the oil rig count rose by six. The total active U.S. rig count, which includes those drilling for natural gas, rose by nine to…
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Baker Hughes Blogs

Onyx big bore tubing retrievable subsurface safety valve

Overview Lorem Ipsum Lorem Ipsum Lorem IpsumLorem Ipsum  Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum  Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum --default-width No

Oil & Gas Investor - 25 Influential Women in Energy

Oil & Gas Investor - 25 Influential Women in Energy Ranking Executive Leadership Oil & Gas Investor - 25 Influential Women in Energy Lacus luctus accumsan tortor posuere ac ut consequat semper. Volutpat sed cras orn…

Listed below are a list of normative exposures

Listed below are a list of normative exposures: Increased country regulations Increased standardization pressure Customer requirements The increased sophistication of attacks is a problematic trend that has emerged and been identified over time (Figure 2). Criminal actors have started speciali…

Listed below are common technical threats

Listed below are common technical threats Hacktivists Cyber criminals Nation state Insider threat These can manifest in several different ways, such as phishing, ransomware, stolen credentials, data and IP theft, service disruption In addition, legacy infrastructure and technologies, lack of…

A Comprehensive Approach to Product Development and Security

Overview Baker Hughes offers a complete portfolio of digital products and services for the energy  industry, ranging from industrial automation and control solutions, standalone software  packages aimed at maximizing productivity, reliability, operational excellence and safety. Once lagging in tec…

Article body

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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 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.