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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 Ratings3.6
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)68,000(+4%)
Job Openings1
Revenue (FY, 2019)$23.8 B(+5%)
Share Price (Feb 2021)$22.7
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, Billerica and in 143 other locations
Houston, TX, US (HQ)
17021 Aldine Westfield Rd
Anchorage, AK, US
795 E 94th Ave
Baton Rouge, LA, US
11616 Industriplex Blvd
Billerica, MA, US
1100 Technology Park Dr
Bloomfield, NM, US
100 Montana
Bridgeport, IL, US
777 E State St
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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 (Q3, 2020)

5.0b

Gross profit (Q3, 2020)

757.0m

Gross profit margin (Q3, 2020), %

15%

Net income (Q3, 2020)

(270.0m)

EBIT (Q3, 2020)

(49.0m)

Market capitalization (12-Feb-2021)

23.5b

Closing stock price (12-Feb-2021)

22.7

Cash (30-Sept-2020)

4.1b

EV

27.1b
Baker Hughes's current market capitalization is $23.5 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, 2020Q3, 2020

Revenue

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

Cost of goods sold

4.6b4.6b4.7b4.6b4.9b4.8b4.7b4.1b4.3b

Gross profit

841.0m936.0m973.0m976.0m1.1b1.1b755.0m678.0m757.0m

Gross profit Margin, %

16%17%17%17%18%19%14%14%15%
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, 2020Q3, 2020

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

17.1b16.4b16.1b14.9b15.0b14.8b14.7b15.5b15.2b
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
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.
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Baker Hughes Acquisitions / Subsidiaries

Company NameDateDeal Size
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.
Baker Hughes Holdings I B.V.
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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 revenue breakdown by geographic segment: 74.0% from Non-US and 26.0% 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

    D

    57/100

  • CEO Rating

    D

    58/100

  • Compensation

    C+

    64/100

  • Diversity

    C-

    60/100

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Baker Hughes News and Updates

Baker Hughes and C3 AI to Provide Joint Enterprise AI Solutions to Accelerate PETRONAS Digital Transformation Program

Baker Hughes and C3 AI today announced an artificial intelligence (AI) collaboration with PETRONAS, a global energy and solutions company from Malaysia, to apply joint BakerHughesC3.ai (BHC3) technology across the company’s strategic digital transformation programs

Shell, C3 AI, Baker Hughes, and Microsoft Launch the Open AI Energy Initiative, an Ecosystem of AI Solutions to Help Transform the Energy Industry

Shell (NYSE:RDS), C3 AI (NYSE:AI), Baker Hughes (NYSE:BKR), and Microsoft (NASDAQ:MSFT) today announced the launch of the Open AI Energy Initiative™ (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. The OAI provides a fra…

Baker Hughes and NOVATEK Partner to Develop Pioneering Lower Carbon Hydrogen Solution for LNG Trains

Baker Hughes (NYSE: BKR) and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of innovative compression and power generation technolog…

Baker Hughes Declares Quarterly Dividend

Baker Hughes (NYSE: BKR) announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on February 19, 2021 to holders of record on February 9, 2021

Baker Hughes Expands Non-Metallic Materials With New Composite Flexible Pipe for Onshore Pipelines

Baker Hughes announced today the launch of its next generation Onshore Composite Flexible Pipe to address the corrosion and cost of ownership challenges with conventional steel pipe for the energy, oil and gas and industrial sectors

Baker Hughes Secures Order with Petrobras to Expand Digital Capabilities and Reduce Emissions

Baker Hughes announced today an order with Petrobras to provide a suite of digital solutions across Petrobras sites in Brazil. The order, booked in the fourth quarter 2020, will further expand Petrobras’ digital capabilities following a third quarter 2020 order for a three-year frame agreement acros…
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Baker Hughes Blogs

Coiled tubing specialty services

Overview Optimize the performance and economics of your well interventions with advanced coiled tubing specialty services from Baker Hughes.  Our specialty technologies, developed over years of field experience and industry demand, address a wide range of applications. The proprietary CIRCA…

RPM CE concurrent cement and formation evaluation service

Overview Acquire an accurate formation fluid saturation analysis directly through your casing with the RPM™ CE concurrent cement and formation evaluation service from Baker Hughes. The RPM CE service delivers simultaneous cement bond evaluation with the Segmented Bond Tool™ (SBT™) and through-ca…

TeleCoil intelligent coiled tubing services

Overview Save rig time and costs with the TeleCoil™ intelligent coiled tubing (CT) service from Baker Hughes. With integrated services that take the guesswork out of perforating operations, our proven CT service eliminates the need for an extra simulation run on each well and ensures that each per…

SureFIELD Gateway - Highlight 3

Enhance safety Simplify remote operations, monitoring, control, and diagnostics by wirelessly connecting smart devices to wellsite equipment. Avoid hazardous areas Reduce the number of people required at wellsites Reduce complexity and training requirements   --default-wi…

SureFIELD Gateway - Highlight 2

Reduce your costs Run data-acquisition software on any edge system, from high-end servers to simple, cost-effective computing devices. Reduce power needs at the wellsite Lower costs and carbon footprint Liberate valuable platform space --default-width No

SureFIELD Gateway - Highlight 1

Operate more efficiently Link together a wide variety of edge devices and generate remotely actionable insights through a simple, fast, and intuitive web-based interface. Deploy in a wide variety of edge devices Minimize training with a simplified user experience Write configuration files in m…
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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 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 Nabors, National Oilwell Varco 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, Billerica and in 143 other locations.

  • How many offices does Baker Hughes have?

    Baker Hughes has 149 offices.