Baker Hughes Co


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Next Event

Q1 2021 Baker Hughes Co Earnings Release

Latest Developments


Baker Hughes Says January International Rig Count Is Up 12 Rigs From Last Month To 677

Baker Hughes Says Delivered Over $700 Mln Of Annualized Cost Savings In 2020 - Conf Call

Baker Hughes Says Worldwide Rig Count For October Was 1,016


About Baker Hughes Co

Baker Hughes Co, formerly Baker Hughes, a GE Company, is an oilfield services company. The Company provides oilfield products, services and digital solutions. It operates through four business segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). OFS provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. OFE provides a broad portfolio of products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface production facilities. TPS provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. DS provides operating technologies for the health, productivity and safety of asset intensive industries and enable the industrial Internet of Things.


Oil Well Services & Equipment

Contact Info

17021 Aldine Westfield Rd



United States


Executive Leadership

Lorenzo Simonelli

Chairman of the Board, President, Chief Executive Officer

Brian Worrell

Chief Financial Officer

Maria Claudia Borras

Executive Vice President - Oilfield Services

Roderick Christie

Executive Vice President - Turbomachinery and Process Solutions

Neil Saunders

Executive Vice President - Oilfield Equipment

Key Stats

2.07 mean rating - 27 analysts
Revenue (MM, USD)
















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Latest News

Latest News

U.S. told Congress Baker Hughes, AXA Group, 16 others had stopped work on Nord Stream 2 pipeline

The Biden administration told Congress last week that 18 companies including Baker Hughes and AXA Group had wound down work on Russia's Nord Stream 2 natural gas pipeline and would not be sanctioned, according to a document seen by Reuters.

Baker Hughes says energy downturn to bottom out this year

Oilfield equipment and services provider Baker Hughes Co on Thursday posted better-than-expected quarterly results and joined a chorus of energy companies saying the industry's worst downturn in decades would turn a corner this year.

Baker Hughes reports fourth-quarter adjusted loss

Baker Hughes Co on Thursday reported a fourth-quarter adjusted loss compared with a third-quarter profit, hurt by higher costs.

Halliburton eliminates Venezuela staff after U.S. sanctions halt operations

Oilfield services provider Halliburton Co has eliminated all staff positions in Venezuela as a result of U.S. sanctions limiting its operations in the crisis-stricken OPEC nation, a spokeswoman for the company said on Thursday.

Saudi Aramco and Baker Hughes JV to develop non-metallic products

Oil giant Saudi Aramco and energy services company Baker Hughes have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector.

Norway labour union agrees wage deal, averting strike at Schlumberger

Norway's Safe labour union has come to an agreement with employers over wages and other conditions at oil service companies, it said on Thursday, preventing a strike among workers.

Norway labour union threatens strike by 262 Schlumberger workers

Some 262 oil service workers at Schlumberger's Norwegian unit plan to go on strike from Dec. 3 if annual negotiations with employers over pay and working conditions were to fail, the Safe trade union said on Thursday.

Baker Hughes to buy Compact Carbon Capture to advance energy transition plan

Baker Hughes Co <BKR.N> said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future.

Delaware court axes Baker Hughes shareholder claims over GE merger

A Delaware court on Tuesday threw out most of the claims brought by Baker Hughes Co shareholders asserting they were not given complete financial information about the oilfield service provider's 2017 merger with General Electric's oil and gas segment.

Baker Hughes posts third straight quarterly loss

Baker Hughes Co reported a third straight quarterly loss on Wednesday, as a coronavirus-induced slump in commodity prices hurt demand for oilfield equipment and services.

Baker Hughes announces LNG equipment order from Qatar Petroleum

Baker Hughes <BHGE.N> said on Tuesday it has secured an order from Qatar Petroleum for the supply of main refrigerant compressors for Qatar' project to expand its liquefied natural gas (LNG) capacity.

Baker Hughes to sell SPC flow unit to Pelican Energy Partners

Houston-based private equity fund Pelican Energy Partners LP said on Thursday it plans to buy Baker Hughes Co's surface pressure control (SPC) flow business.

Baker Hughes plots low carbon future as oil prices remain low

Baker Hughes <BKR.N> is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.

Baker Hughes sees uncertainty continuing in oil and gas markets

Oilfield services provider Baker Hughes expects the outlook for oil and gas markets to remain highly uncertain due to the pandemic, and plans business "rationalizations," its chief executive said on Tuesday.

U.S. drilling rig count steady, posts first monthly increase since December: Baker Hughes

U.S. energy firms kept the number of oil and natural gas rigs operating unchanged this week, resulting in the first monthly increase since December as higher crude prices prompt some producers to start drilling again.

Baker Hughes posts second quarterly loss as oil slump slams demand

Baker Hughes Co <BKR.N> posted its second consecutive quarterly loss on Wednesday and said it would continue reining in costs to prepare for a longer period of oil price volatility.

Baker Hughes posts second-straight quarterly loss as oil slump slams demand

Oilfield services provider Baker Hughes Co posted its second quarterly loss for the year on Wednesday and warned it was preparing for longer volatility after a slump in oil prices crushed demand for its services.

Snam and Baker Hughes test first hydrogen hybrid turbine for gas transportation

Snam and oilfield service giant Baker Hughes Co have successfully completed tests for a "hybrid" turbine that will allow transportation pipelines to carry hydrogen along with natural gas, the Italian gas company said on Monday.

U.S. oil & gas rig count falls to record low for 11th week: Baker Hughes

U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for an 11th week in a row though they have slowed the reductions as some consider returning to the well pad with crude prices up from historic lows.

U.S. oil & gas rig count falls to record low for 10th week: Baker Hughes

U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row but the rate of decline has slowed as higher oil prices prompt some producers to start drilling again.

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