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.
| Type | Public | |
| HQ | Houston, TX, US | Map |
| Website | bakerhughes.com | |
| Overall Culture | C- | More |
Recent NewsAll News
- Production Testing Market Size to Grow by USD 2.31 billion | Baker Hughes Co. and Expro Group Holdings N V Among Key Vendors | Technavio
- Subsea Production and Processing Market Size to Grow by USD 7.41 bn | Aker Solutions ASA and Baker Hughes Co. Among Key Vendors | Technavio
- Baker Hughes stock drops after adjusted profit, revenue rise but miss expectations
- Baker Hughes Slumps as Russia Sales Suffer Amid Sanctions
Key People/Management at Baker Hughes
Lorenzo Simonelli
Chairman and CEO
Maria Claudia Borras
Executive Vice President, Oilfield Services
Kevin Wetherington
Chief HSE, Security & Quality Officer
Brian Worrell
Chief Financial Officer
Regina Bynote Jones
Chief Legal Officer
Russell Wilkerson
Chief Corporate Affairs Officer
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
Baker Hughes Financials and Metrics
Baker Hughes Revenue
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
Annual
Annual
Quarterly
| USD | Q2, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (57.0m) | 71.0m | 60.0m | 177.0m | (16.1b) | (16.5b) | (16.7b) | (452.0m) | (682.0m) | (666.0m) |
Depreciation and Amortization | 780.0m | 350.0m | 709.0m | 1.1b | 355.0m | 694.0m | 1.0b | 292.0m | 570.0m | 832.0m |
Inventories | (282.0m) | (220.0m) | (303.0m) | (324.0m) | (140.0m) | (275.0m) | (183.0m) | 88.0m | 119.0m | 151.0m |
Accounts Payable | 318.0m | (93.0m) | 46.0m | (51.0m) | (182.0m) | (490.0m) | (670.0m) | (11.0m) | 71.0m | (10.0m) |
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 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | $20.7 b | $4.5 b | $5.1 b | $5.4 b | $21.7 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 | $23.4 b | $23.2 b | $23.8 b | $23.5 b | $23.6 b | |
Drilling Rigs | 2.03 k | 2.21 k | 2.12 k | 2.26 k | 2.21 k | 2.25 k | 2.18 k | 2.2 k | 2.17 k | 2.06 k | 1.25 k | 1.03 k | 1.35 k | 1.24 k | 1.26 k | 1.42 k | 1.37 k |
Baker Hughes Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Qi2 Elements | March 07, 2022 | |
| ARMS Reliability | February 18, 2021 | |
| Compact Carbon Capture | November 04, 2020 | |
| 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 EHO Holdings LLC | ||
| Baker Hughes Energy Europe B.V. |
Baker Hughes Revenue Breakdown
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
Baker Hughes Cybersecurity Score
Baker Hughes Environment, Social & Governance (ESG) Ratings
Baker Hughes Online and Social Media Presence
69.15k Twitter followers
Baker Hughes has 69.15k Twitter Followers. The number of followers has increased 0.2% month over month and increased 1.2% quarter over quarter
Baker Hughes's Trends
Twitter Engagement Stats for @bakerhughesco
4.1k
Tweets
975
Following
69.2k
Followers
3
Tweets last 30 days
7.7
Avg. likes per Tweet
100%
Tweets with engagement
Baker Hughes Company Culture
Overall Culture
C-
63/100
CEO Rating
B
72/100
Compensation
C
63/100
Diversity
C-
61/100
Baker Hughes News and Updates
May 03, 2022
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...
April 29, 2022
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...
April 20, 2022
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,…
April 20, 2022
Baker Hughes Slumps as Russia Sales Suffer Amid Sanctions
Baker Hughes Warns of Broad Inflation After Missing Estimates
April 14, 2022
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 …
April 01, 2022
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…
Baker Hughes Blogs
April 04, 2022
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…
March 15, 2022
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
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March 15, 2022
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…
March 14, 2022
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 …
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.
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