Baker Hughes

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.

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

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

• Oilfield services equipment
• Energy technology solutions
• Turbomachinery manufacturing
• LNG production equipment
• Industrial asset monitoring

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. Turbomachinery & Process Solutions: Gas and steam turbines, centrifugal and axial compressors, reciprocating compressors, generators, gearboxes, and related services for industrial applications.
4. Industrial & Energy Technology: Industrial technology solutions including condition monitoring, non-destructive testing, measurement sensors, emissions abatement, hydrogen technologies, geothermal solutions, and carbon capture.
5. Services & Maintenance: Long-term service agreements, digital monitoring services, remote operations support, and lifecycle services for installed equipment base.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature9 records

Partnerships

15 partnerships are on record, tiered core, minor and flagship.

• Mantle Reach PowercoreStrategic or Co-development Partner · 24 June 2026Strategic 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 GroupminorStrategic or Co-development Partner · 24 June 2026Partnership for integrated LNG solutions to support APA Group's gas transmission network in Australia.
• Terra Innovatum Global N.V.minorStrategic or Co-development Partner · 17 June 2026MOU 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.
• UzbekneftegazminorChannel Partner/ Reseller/ Distributor · 16 June 2026Supplementary 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 ABminorChannel Partner/ Reseller/ Distributor · 8 June 2026Sale 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 & PayneminorStrategic or Co-development Partner · 29 May 2026Collaboration to support US geothermal exploration and development, including contracting a dedicated land drilling rig for geothermal projects.
• XGS EnergycoreStrategic or Co-development Partner · 22 May 2026Partnership 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.
• WorleycoreStrategic or Co-development Partner · 12 May 2026Non-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.
• StrohmminorStrategic or Co-development Partner · 6 May 2026MOU 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 IndustriesflagshipStrategic or Co-development Partner · 1 July 2025Pending $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.
• EcopetrolminorStrategic or Co-development Partner · 1 January 2023MOU 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)minorStrategic or Co-development Partner · 1 January 2023Partnership for Nereidas geothermal project evaluation in Colombia's Ruiz Volcano Massif.
• Horisont EnergiminorStrategic or Co-development Partner · 1 January 2023MOU 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 InternationalminorOEM/ Whitelabel/ Licensing Partner · 1 January 2021Exclusive license for mixed salt process carbon capture technology unlocking significant separation cost reductions for decarbonization of energy and industrial operations.
• ElectrochaeaminorStrategic or Co-development Partner · 1 January 2021Investment in bio-methanation technology company to expand carbon utilization portfolio with power-to-gas solution.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct 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

• Xx.com/bakerhughesco
• YouTubeyoutube.com/channel/UCxhgTNB0eD0xUeeJnP9Ow4g
• LinkedInlinkedin.com/company/bakerhughes
• Instagraminstagram.com/bakerhughesco
• Pinterestpinterest.com/bakerhughes

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A18 records

Investments24 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baker Hughes