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
HQHouston, TX, US
Websitebakerhughes.com
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2021)54,000(-1%)
Job Openings2,687
Revenue (FY, 2021)$20.5 B
Share Price (May 2022)$34.6(-1%)
Cybersecurity ratingCMore
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Key People/Management at Baker Hughes

Lorenzo Simonelli

Lorenzo Simonelli

Chairman and CEO
Maria Claudia Borras

Maria Claudia Borras

Executive Vice President, Oilfield Services
Kevin Wetherington

Kevin Wetherington

Chief HSE, Security & Quality Officer
Brian Worrell

Brian Worrell

Chief Financial Officer
Regina Bynote Jones

Regina Bynote Jones

Chief Legal Officer
Russell Wilkerson

Russell Wilkerson

Chief Corporate Affairs 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
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Baker Hughes Financials and Metrics

Baker Hughes Revenue

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Baker Hughes's revenue was reported to be $20.5 b in FY, 2021 which is a 1% decrease from the previous period.
USD

Revenue (Q1, 2022)

4.8b

Gross profit (Q1, 2022)

970.0m

Gross profit margin (Q1, 2022), %

20.1%

Net income (Q1, 2022)

80.0m

EBIT (Q1, 2022)

279.0m

Market capitalization (18-May-2022)

30.1b

Closing stock price (18-May-2022)

34.6

Cash (31-Dec-2021)

3.9b

EV

33.0b
Baker Hughes's current market capitalization is $30.1 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

23.8b20.7b20.5b

Revenue growth, %

4%(13%)(1%)

Cost of goods sold

19.4b17.5b16.5b

Gross profit

4.4b3.2b4.0b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

5.4b4.7b5.0b4.8b5.1b5.1b4.8b

Cost of goods sold

4.7b4.1b4.3b3.9b4.2b4.1b3.9b

Gross profit

755.0m678.0m757.0m858.0m976.0m1.0b970.0m

Gross profit Margin, %

14%14%15%18%19%20%20%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

3.2b4.1b3.9b

Accounts Receivable

6.4b5.6b5.7b

Inventories

4.6b4.4b4.0b

Current Assets

15.2b16.5b15.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

3.1b3.1b2.8b3.0b4.1b4.1b4.4b3.9b3.9b

Accounts Receivable

6.3b6.3b6.2b6.1b5.6b5.6b5.3b5.4b5.3b

Inventories

4.9b4.8b4.7b4.5b4.6b4.5b4.2b4.2b4.1b

Current Assets

14.9b15.0b14.8b14.7b15.5b15.2b15.8b15.5b14.9b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

128.0m(15.8b)(330.0m)

Depreciation and Amortization

1.4b1.3b1.1b

Inventories

(200.0m)(80.0m)170.0m

Accounts Payable

249.0m(711.0m)246.0m
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Baker Hughes Operating Metrics

Baker Hughes's Backlog was reported to be $21b in FY, 2017.
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Baker Hughes Acquisitions / Subsidiaries

Company NameDateDeal Size
Qi2 ElementsMarch 07, 2022
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 EHO Holdings LLC
Baker Hughes Energy Europe B.V.
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Baker Hughes Revenue Breakdown

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Baker Hughes revenue breakdown by business segment: 10.0% from Digital Solutions, 12.1% from Oilfield Equipment, 46.5% from Oilfield Services and 31.3% from Turbomachinery & Process Solutions

Baker Hughes revenue breakdown by geographic segment: 78.1% from Non-US and 21.9% from US

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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

    C-

    63/100

  • CEO Rating

    B

    72/100

  • Compensation

    C

    63/100

  • Diversity

    C-

    61/100

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Baker Hughes News and Updates

Production Testing Market Size to Grow by USD 2.31 billion | Baker Hughes Co. and Expro Group Holdings N V Among Key Vendors | Technavio

NEW YORK, May 3, 2022 /PRNewswire/ -- Production Testing Market Facts at a Glance- Companies: 10+ – Including Baker Hughes Co., Expro Group Holdings N V, Fesco LTD., Grant Production Testing Services Ltd, GREENE S ENERGY GROUP, Halliburton Co., Hamdon Energy Solutions Ltd., PROFLO...

Subsea Production and Processing Market Size to Grow by USD 7.41 bn | Aker Solutions ASA and Baker Hughes Co. Among Key Vendors | Technavio

NEW YORK, April 29, 2022 /PRNewswire/ -- The subsea production and processing market has been categorized as a part of the global oil and gas exploration and production market within the global oil and gas market under the energy sector. The parent market, the global oil and gas...

Baker Hughes stock drops after adjusted profit, revenue rise but miss expectations

Shares of Baker Hughes Co. fell 2.6% in premarket trading Wednesday, after the oil services company reported first-quarter profit and revenue that missed expectations, citing a "very volatile" market environment and continued supply chain constraints. The company swung to net income of $72 million,…

Baker Hughes Slumps as Russia Sales Suffer Amid Sanctions

Baker Hughes Warns of Broad Inflation After Missing Estimates

Baker Hughes reports a 4th straight weekly climb in the U.S. oil-drilling rig count

Baker Hughes on Thursday reported that the number of active U.S. rigs drilling for oil was up by two to 548 this week. That followed increases in each of the previous three weeks, Baker Hughes data show. The data were released a day this week early because most financial markets are closed on Good …

Baker Hughes reports a second straight weekly climb in the U.S. oil-drilling rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 533 this week. That followed a climb of seven oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by three at 6…
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Baker Hughes Blogs

PACE Download Center

Bynder Document Download …

PACE Download list = PACE 5000 datasheet

Bynder Document Download

Integrated APM Software

Integrated APM Software Integrated APM Software Integrated APM Software The performance of your assets fundamentally governs the performance of your enterprise. Bently Nevada’s System 1 is backed by the world…

Talk to an Expert

Talk to an Expert If you have a question or a service request, please contact our remote services team.   Email   Phone: +49 2233 601500 --default-width No

News Content

Waygate Technologies receives Company of the Year Award for Industrial Computed Tomography HUERTH, Germany, Oct. 28 2021 – Waygate Technologies, a Baker Hughes business and world leader in non-destructive testing (NDT) and industrial inspection solutions, has received Frost & Sullivan's 2021 C…

Quality Achievements of TPOE -HTML

 Quality Achievements of TPOE    In 2019 plant has successfully passed the State metrological inspection in accordance the mandatory requirements: of the Federal Law No. 102-FZ “Uniformity of measurements"; Federal No. 184-FZ “About Technical Regulation ".     Since 2018, for three …
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Baker Hughes Frequently Asked Questions

  • Who are Baker Hughes key executives?

    Baker Hughes's key executives are Lorenzo Simonelli, Maria Claudia Borras and Kevin Wetherington.

  • How many employees does Baker Hughes have?

    Baker Hughes has 54,000 employees.

  • What is Baker Hughes revenue?

    Latest Baker Hughes annual revenue is $20.5 b.

  • What is Baker Hughes revenue per employee?

    Latest Baker Hughes revenue per employee is $379.7 k.

  • Who are Baker Hughes competitors?

    Competitors of Baker Hughes include Nabors, NOV and Borets.

  • 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.