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.
| Type | Public | |
| Founded | 1987 | |
| HQ | Houston, US | Map |
| Website | bakerhughes.com | |
| Employee Ratings | More |
Recent NewsAll News
- Baker Hughes reports a rise in the U.S. oil-rig count for a fourth week in a row
- Baker Hughes reports a second weekly increase in the U.S. oil-rig count
- Sterling Auxiliaries Announces Agreement to Acquire Sand Springs, Oklahoma, Chemicals Manufacturing Site from Baker Hughes
- Baker Hughes reports a third weekly decline in the U.S. oil-rig count
Key People/Management at Baker Hughes
Lorenzo Simonelli
Chairman and CEO
Maria Claudia Borras
Executive Vice President, Oilfield Services
W. Geoffrey Beattie
Lead Director
Jen Hartsock
Chief Information Officer
Michele Fiorentino
Executive Vice President, Strategy & Business Development
Neil Saunders
Executive Vice President, Oilfield Equipment
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
Baker Hughes Financials and Metrics
Baker Hughes Revenue
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
Annual
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|
Net Income | (19.0m) | (57.0m) | (19.0m) | 71.0m | 60.0m | 177.0m | (16.1b) | (16.5b) |
Depreciation and Amortization | 388.0m | 780.0m | 1.1b | 350.0m | 709.0m | 1.1b | 355.0m | 694.0m |
Inventories | (134.0m) | (282.0m) | (335.0m) | (220.0m) | (303.0m) | (324.0m) | (140.0m) | (275.0m) |
Accounts Payable | 101.0m | 318.0m | 458.0m | (93.0m) | 46.0m | (51.0m) | (182.0m) | (490.0m) |
| USD | FY, 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) |
Baker Hughes Operating Metrics
Baker Hughes's Backlog was reported to be $21b in FY, 2017.
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 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 k | 2.21 k | 2.12 k | 2.26 k | 2.21 k | 2.25 k | 2.18 k | 2.20 k | 2.17 k | 2.06 k | 1.25 k |
Baker Hughes Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| 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 Holdings I B.V. | ||
| Baker Hughes Holdings II B.V. |
Baker Hughes Cybersecurity Score
Baker Hughes Revenue Breakdown
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
66.31k Twitter followers
Baker Hughes has 66.31k Twitter Followers. The number of followers has increased 0.3% month over month and increased 0.5% quarter over quarter
Baker Hughes's Trends
Twitter Engagement Stats for @bakerhughesco
3.9k
Tweets
952
Following
66.3k
Followers
23
Tweets last 30 days
14
Avg. likes per Tweet
100%
Tweets with engagement
Baker Hughes News and Updates
October 16, 2020
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…
October 02, 2020
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…
September 24, 2020
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...
August 14, 2020
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…
August 04, 2020
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…
July 29, 2020
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…
Baker Hughes Blogs
October 14, 2020
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…
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.
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