Baker Hughes is a global energy technology and oilfield services company. It provides technologies, equipment, and services to energy and industrial customers, spanning exploration and production (upstream), transport and midstream, and industrial sectors. The company also invests in clean energy and decarbonization technologies.

Organization & Business Segments

Baker Hughes operates under two main segments:

Oilfield Services & Equipment (OFSE)

Covers drilling, well construction, completions, interventions, subsea systems, artificial lift, chemicals, and pressure systems.

Expands beyond traditional oil and gas into geothermal and carbon capture technologies.

Industrial & Energy Technology (IET)

Focuses on turbomachinery, compressors, pumps, valves, sensors, and power generation systems.

Includes climate technology solutions like carbon capture, hydrogen, and clean energy systems.

History & Background

Originates from Hughes Tool Company (founded in 1908) and Baker Oil Tools.

Merged in 1987 to form Baker Hughes.

Operated as “Baker Hughes, a GE Company” after merging with GE Oil & Gas in 2017.

Later returned to the Baker Hughes name as GE divested its stake.

Scale & Reach

Operates in more than 120 countries.

Employs tens of thousands of people worldwide.

Mission: “We take energy forward, making it safer, cleaner and more efficient.”

Recent Developments

Announced the $1.15 billion sale of its Precision Sensors & Instrumentation unit.

Formed a carbon capture partnership with Frontier Infrastructure.

Entered into a ~$13.6 billion acquisition of Chart Industries to expand in LNG, hydrogen, and energy transition technologies.