Baker Hughes
Baker Hughes is a Houston-based global energy technology company serving upstream, midstream, and industrial customers in 120+ countries with oilfield services, LNG and turbomachinery equipment, industrial technology, and digital platforms backed by AI and a 56,000-person workforce.
- Company typePublic
- Founded2017
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Baker Hughes does
Baker Hughes is a global energy technology company headquartered in Houston, Texas, with operations in 120+ countries and a workforce of 56,000+ employees. The company operates across four integrated segments: Oilfield Services & Equipment (drilling, completions, production, subsea systems, well intervention, evaluation, and digital solutions); Turbomachinery & Process Solutions (gas and steam turbines, centrifugal and axial compressors, reciprocating compressors, generators, and related services); Industrial & Energy Technology (condition monitoring, non-destructive testing, hydrogen technologies, geothermal solutions, CCUS, emissions abatement, and power generation); and Software & Analytics (Cordant APM, BakerHughesC3.ai joint venture, NDT software).
The company's product portfolio combines proprietary hardware platforms — NovaLT and LM9000 gas turbines, AutoTrak rotary steerable systems, Bently Nevada condition monitoring, Druck pressure sensors, Panametrics flow meters, and Mosaic MOF-based carbon capture — with digital platforms that embed AI/ML for predictive analytics, anomaly detection, and autonomous operation. Cordant provides asset performance management across oil and gas, subsea, pipelines, and LNG operations; Leucipa automates field production optimization; and Kantori enables autonomous end-to-end well construction. The BakerHughesC3.ai joint venture with C3.ai extends these capabilities into enterprise AI applications including generative use cases.
Baker Hughes generates revenue through project-based equipment sales, long-term service agreements on installed turbomachinery, multi-year integrated well construction and intervention contracts, and recurring digital monitoring subscriptions. The company sells primarily through direct enterprise sales teams and field operations globally, with pricing structured around project scope, equipment specifications, and contract terms rather than disclosed list pricing. Customer concentration sits with national oil companies and integrated oil majors — Petrobras, Equinor, Azule Energy, ANOH Gas, Uzbekneftegaz, APA Group — alongside emerging geothermal developers (XGS Energy, Mantle Reach Power) and government entities, supported by a 100+ year operating history and deep installed base of turbines, compressors, and drilling equipment worldwide.
Baker Hughes firmographics
Firmographics- Name
- Baker Hughes
- Legal name
- Baker Hughes Company
- Website
- https://bakerhughes.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Baker Hughes is a Houston-based global energy technology company serving upstream, midstream, and industrial customers in 120+ countries with oilfield services, LNG and turbomachinery equipment, industrial technology, and digital platforms backed by AI and a 56,000-person workforce.
- Ownership category
- akta.pro rank
Baker Hughes industry classification
Industry- Product category
- Oilfield Services & Energy Equipment
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Pump and Compressor Manufacturing (33391), Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561), Engines & Turbines (3510), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)
- akta.pro secondary industries
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Process Gas & High-Pressure Compressors (IMAHANAF), Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Controls, Monitoring & Condition Management (for Pumps/Compressors) (IMAHANAI), Industrial Fuel Switching & Conversion Services (Oil/Coal-to-Gas, Burner/Boiler Retrofits) (EUALALAJ)
Keywords
Where Baker Hughes is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Baker Hughes business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Oilfield Services & Equipment: Comprehensive oilfield technology and services including drilling, completions, production, evaluation, well intervention, subsea systems, and digital solutions for upstream oil and gas operations globally.
- LNG & Gas Technology: Liquefied natural gas solutions including gas turbines, compressors, and power generation equipment for LNG facilities, with over 30 years of industry leadership.
- Turbomachinery & Process Solutions: Gas and steam turbines, centrifugal and axial compressors, reciprocating compressors, generators, gearboxes, and related services for industrial applications.
- Industrial & Energy Technology: Industrial technology solutions including condition monitoring, non-destructive testing, measurement sensors, emissions abatement, hydrogen technologies, geothermal solutions, and carbon capture.
- Services & Maintenance: Long-term service agreements, digital monitoring services, remote operations support, and lifecycle services for installed equipment base.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based equipment and services pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Baker Hughes product offering
Product offeringCore offering
Baker Hughes designs, manufactures, and services technologies for the global energy and industrial value chain. Its offerings span oilfield services and equipment, turbomachinery (gas turbines, compressors, pumps), LNG and power solutions, subsea production systems, digital asset performance software, and emerging energy transition technologies such as hydrogen, geothermal, and carbon capture. The company combines physical equipment, field services, and software-based monitoring/analytics to support upstream, midstream, downstream, and industrial customers.
Product overview
Baker Hughes is an energy technology company offering a diversified portfolio of technologies and solutions spanning oilfield services and equipment, turbomachinery and process solutions, LNG solutions, and digital/industrial technology platforms. The company operates across four main segments: Oilfield Services & Equipment (including drilling, completions, production, subsea, well intervention, and evaluation services), Turbomachinery & Process Solutions (gas turbines, steam turbines, compressors, pumps, generators, and related services), Industrial and Energy Technology (including hydrogen technologies, geothermal solutions, CCUS, emissions abatement, power solutions, and digital platforms), and Software & Analytics (Cordant asset performance management, BakerHughesC3.ai enterprise AI joint venture, and NDT software). Key products and platforms include the Kantori autonomous well construction system, Leucipa automated field production solution, NovaLT gas turbine family, Cordant digital platform, Waygate Technologies inspection solutions, Bently Nevada condition monitoring, and Druck pressure sensors. The company also maintains sustainability-focused offerings including carbon capture, hydrogen technologies, geothermal solutions, and emissions abatement services.
Differentiator
Problem solved
Functional benefit
Brands
- Cordant: Digital platform providing flexible and connected digital solutions for industrial machines, equipment, and systems
- Leucipa
- NovaLT
- AutoTrak
- TRU-ARMS
- PRIME Technology Platform
- Kantori
- Dynamus
- iCenter
- Carbon Out
- Bently Nevada
- Waygate Technologies
- Druck
- Panametrics
- LM9000
Products and services
- Cordant
- Leucipa Production and reservoir management software for upstream oil and gas operators to optimize field performance.
- BakerHughesC3.ai Enterprise AI application suite developed with C3.ai for industrial and energy operators, applying AI to production, reliability, and sustainability use cases.
- Waygate Technologies Non-destructive testing, inspection, and quality assurance product portfolio serving industrial customers.
- Bently Nevada Rotary machinery condition monitoring, protection, and asset reliability solutions for industrial operators.
- Druck Pressure measurement instruments and calibration equipment for industrial process applications.
- Panametrics Moisture, gas flow, and ultrasonic measurement instrumentation for industrial and energy process control.
- AutoTrak Rotary steerable drilling system used by upstream operators for directional drilling.
- NovaLT Gas Turbines Industrial gas turbines for mechanical drive and power generation applications across oil and gas and process industries.
- LM9000
- TRU-Steer Directional drilling system for upstream wellbore construction.
- iCenter Digital Services Digital services for monitoring, optimizing, and maintaining turbomachinery fleets for industrial operators.
- Subsea Production Systems Subsea trees, manifolds, control systems, and connectors for offshore oil and gas production.
- LNG Solutions Liquefaction equipment, process technology, and rotating equipment for LNG production projects.
- Power Solutions Power generation systems and services for utilities, industrial cogeneration, and decentralized power customers.
- Hydrogen Technologies Hydrogen production, liquefaction, storage, and transport technologies for energy transition customers.
- Geothermal Solutions Geothermal drilling, completions, and power systems for geothermal energy operators.
- CCUS (Carbon Capture, Utilization, and Storage) Carbon capture, utilization, and storage technologies for emitters, storage developers, and energy transition projects.
- HPRC (High-Pressure Reciprocating Compressors) High-pressure reciprocating compressors for gas processing, transmission, and storage operators.
- GaffneyCline Energy Advisory Energy consulting and advisory services covering reserves, due diligence, and field development planning for operators and investors.
- Industrial Technology Solutions Industrial services, sensing, and technology solutions for process industries and industrial customers.
- Emissions Abatement Emissions reduction technology, flare systems, and services for energy and industrial operators.
- Mature Assets Solutions
Quantifiable outcome
- 36.9% absolute reduction in Scope 1 and 2 emissions achieved in 2025 vs 2019 baseline
- +5 more outcomes
Companies that use Baker Hughes
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Baker Hughes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature9 records
Baker Hughes partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, minor and flagship.
- Mantle Reach PowercoreStrategic commercial agreement to deploy geothermal energy projects in North America targeting up to 500 megawatts installed capacity over five years. Baker Hughes serves as integrated subsurface solution provider while Mantle Reach leads project development, ownership, and financing, backed by EnCap Energy Transition Fund III.
- APA GroupminorPartnership for integrated LNG solutions to support APA Group's gas transmission network in Australia.
- Terra Innovatum Global N.V.minorMOU to evaluate supercritical CO2 power conversion solutions and advanced turbomachinery systems to enhance SOLO Micro Modular Reactor output by 25% from approximately 1 MWe to 1.25 MWe per unit.
- UzbekneftegazminorSupplementary agreement for drilling and technical support services signed during Tashkent International Investment Forum to expand technical support for drilling operations and introduce advanced technologies.
- Hexagon ABminorSale of Waygate Technologies, Baker Hughes' industrial inspection technologies subsidiary, to Hexagon AB for approximately $1.45 billion. Waygate generates approximately $630 million in annual revenue.
- Helmerich & PayneminorCollaboration to support US geothermal exploration and development, including contracting a dedicated land drilling rig for geothermal projects.
- XGS EnergycorePartnership to develop 150MW geothermal project in New Mexico tied to Meta offtake agreement. Baker Hughes provides end-to-end geothermal portfolio services for XGS' first commercial facility expected to increase New Mexico's operating geothermal capacity tenfold.
- WorleycoreNon-exclusive strategic MOU to pursue LNG sector opportunities combining Baker Hughes' turbomachinery and modular liquefaction technologies with Worley's EPCM and EPCI execution expertise to deliver integrated, lower-carbon LNG infrastructure.
- StrohmminorMOU to jointly develop hybrid flexible pipe for ultradeepwater risers and flowline applications, combining Strohm's thermoplastic composite pipe technology with Baker Hughes expertise for deployment in water depths exceeding 3,000 meters.
- Chart IndustriesflagshipPending $13.6 billion acquisition to strengthen Baker Hughes' position in LNG and data center services. Chart manufactures industrial equipment including valves and measurement technology for gas and liquid molecule handling across 65 global manufacturing locations.
- EcopetrolminorMOU signed in 2023 with Ecopetrol and Grupo EPM's Caldas Hydroelectric Power Plant (CHEC) to evaluate Nereidas geothermal project feasibility in Colombia.
- Grupo EPM (Caldas Hydroelectric Power Plant)minorPartnership for Nereidas geothermal project evaluation in Colombia's Ruiz Volcano Massif.
- Horisont EnergiminorMOU to jointly explore CCUS technologies for Polaris carbon storage project in Norway and collaborate on new processes and technologies across the carbon capture value chain.
- SRI InternationalminorExclusive license for mixed salt process carbon capture technology unlocking significant separation cost reductions for decarbonization of energy and industrial operations.
- ElectrochaeaminorInvestment in bio-methanation technology company to expand carbon utilization portfolio with power-to-gas solution.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
Baker Hughes competitors and assessment
Company assessmentDirect peers
- Schlumberger (SLB): Schlumberger is the world's largest oilfield services company, directly competing with Baker Hughes across drilling, completions, production, and digital solutions. Both companies serve the same upstream E&P customers with overlapping technology portfolios in rotary steerable systems, wireline, and digital platforms.
- Halliburton: Halliburton is a major direct competitor in oilfield services and equipment, particularly strong in completions, drilling, and North American shale operations. Both companies compete for enterprise contracts with the same IOCs and NOCs across drilling and production optimization services.
- Weatherford International: Weatherford provides oilfield services and equipment across drilling, evaluation, completions, and production, directly overlapping with Baker Hughes' Oilfield Services & Equipment segment. Both target similar E&P customers with comparable well construction and intervention offerings.
- TechnipFMC: TechnipFMC is a direct subsea production systems competitor, with Baker Hughes supplying subsea trees and control modules for projects like Azule Energy's Greater PAJ development. Both compete for integrated subsea EPCM contracts in deepwater and ultra-deepwater developments.
- NOV (National Oilwell Varco): NOV manufactures drilling rigs, wellheads, top drives, and oilfield equipment that overlap with Baker Hughes' oilfield equipment manufacturing portfolio. Both companies serve drilling contractors and E&P operators with capital equipment for land and offshore operations.
- Flowserve Corporation: Flowserve is a direct competitor in industrial pumps, valves, and seals used in oil and gas, power, and chemical processing. Both companies serve refining, petrochemical, and upstream customers with rotating equipment and flow control products.
Broad incumbents
- Siemens Energy: Siemens Energy competes with Baker Hughes in industrial gas turbines, grid-scale power generation, and hydrogen-ready turbine technology. The overlap is most direct in the LM9000/NovaLT aeroderivative class and in compression equipment for LNG and pipeline applications.
- GE Vernova: GE Vernova's gas power and wind segments overlap with Baker Hughes' turbomachinery and industrial energy technology portfolio. Both companies compete in heavy-duty and aeroderivative gas turbines for utility and industrial customers, and share heritage from the GE Oil & Gas era.
- Atlas Copco: Atlas Copco competes in industrial compressors and vacuum solutions that overlap with Baker Hughes' Turbomachinery & Process Solutions segment. Both serve oil and gas, manufacturing, and power customers with compressed air and gas equipment.
Others
- Dover Corporation: Dover's Engineered Products segment, including Markem-Imaje and Belvac, supplies industrial components and equipment to overlapping energy and industrial customers. While not a direct competitor, Dover is a comparable diversified industrial technology platform with adjacent exposure to energy markets.
Market position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Baker Hughes social profiles
Digital presenceBaker Hughes compliance and trust
Trust signalCompliance9 records
Baker Hughes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Baker Hughes leadership team
Management profileNumber of profiles
Profiles3 records
Baker Hughes subsidiaries and ownership
Company hierarchySubsidiaries13 records
Baker Hughes funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Baker Hughes M&A and investment
M&A and investmentM&A18 records
Investments24 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Baker Hughes
What does Baker Hughes do?
Baker Hughes designs, manufactures, and services technologies for the global energy and industrial value chain. Its offerings span oilfield services and equipment, turbomachinery (gas turbines, compressors, pumps), LNG and power solutions, subsea production systems, digital asset performance software, and emerging energy transition technologies such as hydrogen, geothermal, and carbon capture. The company combines physical equipment, field services, and software-based monitoring/analytics to support upstream, midstream, downstream, and industrial customers.
Is Baker Hughes a public or private company?
Baker Hughes is a public company. It is classified as public and is currently operating.
When was Baker Hughes founded?
Baker Hughes was founded in 2017. It employs 5,001 to 10,000 people.
Where is Baker Hughes based?
Baker Hughes is headquartered in Houston, United States, in the North America region.
How does Baker Hughes make money?
Five revenue lines are on record. Oilfield Services & Equipment is the primary driver. The others are LNG & Gas Technology, turbomachinery & Process Solutions, industrial & Energy Technology and services & Maintenance.
Who are Baker Hughes's main competitors?
Direct peers on record are Schlumberger (SLB), Halliburton, Weatherford International, TechnipFMC, NOV (National Oilwell Varco) and Flowserve Corporation. Broad incumbents are Siemens Energy, GE Vernova and Atlas Copco. Dover Corporation is listed as an others.
Does Baker Hughes have an API?
No public API is recorded for Baker Hughes.
What industry is Baker Hughes in?
Baker Hughes's product category is Oilfield Services & Energy Equipment. Its primary akta.pro industry code is EUALABAL, Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment), with a secondary code of EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 333132 and its SIC code is 3533.