Baker Hughes (NASDAQ:BKR) (NASDAQ: BKR) is a leading global energy technology company that provides integrated solutions for oil and gas exploration, drilling, production and processing. The company offers a broad portfolio of products and services, including drilling services, evaluation and completion solutions, artificial lift systems, and well construction technologies. In addition, Baker Hughes delivers turbomachinery and pipeline solutions, as well as digital applications that help operators optimize performance and reduce environmental impact.
Originally formed through the 1987 merger of Baker International and Hughes Tool Company, Baker Hughes has evolved through strategic acquisitions and divestitures to address changing energy markets. In 2017, General Electric combined its oil and gas division with Baker Hughes, creating a more diversified technology provider. In 2020, Baker Hughes became an independent public company once again, with a focus on innovation in energy transition and sustainability.
The company serves customers in more than 120 countries, with particular strength in North America, the Middle East, Latin America, Europe, and Asia Pacific. Its global footprint encompasses onshore and offshore projects, deepwater drilling campaigns, and unconventional resource plays. Baker Hughes operates regional manufacturing centers, service facilities and training centers to support field operations and maintain equipment uptime.
Under the leadership of President and Chief Executive Officer Lorenzo Simonelli, Baker Hughes has intensified its investments in digital solutions, low-carbon technologies and hydrogen initiatives. The executive team is driving efforts to advance carbon capture, utilization and storage (CCUS) and develop advanced geothermal applications. Through this strategic direction, Baker Hughes aims to help customers meet energy demands while reducing greenhouse gas emissions.
