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Baker Hughes revenue decreased from $23.8 billion in 2019 to $20.7 billion in 2020, a (13.1%) decrease.

Annual Revenue ($)

Baker Hughes revenue was $20.71 b in FY, 2020 which is a (13.1%) year over year decrease from the previous period.

Quarterly Revenue ($)

FY, 2018FY, 2019FY, 2020
Revenue$22.88 b$23.84 b$20.71 b
Growth33.00%4.20%(13.14%)
Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021
Revenue$5.62 b$5.99 b$5.88 b$5.43 b$4.74 b$5.05 b$4.78 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

Baker Hughes revenue breakdown by business segment: 49.0% from Oilfield Services, 13.7% from Oilfield Equipment, 27.6% from Turbomachinery & Process Solutions and 9.7% from Digital Solutions

Baker Hughes revenue breakdown by geographic segment: 22.4% from US and 77.6% from Non-US

FY, 2020FY, 2019FY, 2018
Oilfield Services$10.14 b$12.89 b$11.62 b
Oilfield Equipment$2.84 b$2.92 b$2.64 b
Turbomachinery & Process Solutions$5.71 b$5.54 b$6.02 b
Digital Solutions$2.02 b$2.49 b$2.6 b
FY, 2020FY, 2019FY, 2018
US$4.64 b$6.19 b$6.58 b
Non-US$16.07 b$17.65 b$16.3 b

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