Baker Hughes (NASDAQ:BKR) is a global energy technology company that provides solutions and services to the oil and gas industry, as well as to industrial and energy transition markets. The company’s core offerings span equipment, digital technologies and consulting for drilling, evaluation, completion, production, and reservoir consulting. Specializing in both onshore and offshore operations, Baker Hughes serves customers ranging from national oil companies to independent operators. Its integrated portfolio is designed to enhance efficiency, improve resource recovery and reduce emissions across the energy value chain.
Headquartered in Houston, Texas, Baker Hughes traces its origins to the 1987 merger of Baker International and the Hughes Tool Company, both of which played pioneering roles in drilling equipment and well services. Over the decades, the company has evolved through strategic acquisitions and divestitures, including a period of ownership by General Electric from 2017 to 2019, before returning to independent public status. This history has endowed Baker Hughes with deep technical expertise and an expansive service network backed by decades of industry leadership.
The company’s product lineup includes drilling motors, bits and completions systems, artificial lift solutions, wireline and well intervention services, and a broad range of surface and subsea equipment. Baker Hughes also offers cutting-edge digital solutions, leveraging data analytics, automation and Internet of Things platforms to optimize field operations and enable predictive maintenance. In recent years, it has expanded into energy transition technologies such as carbon capture, utilization and storage (CCUS), hydrogen production and geothermal power, reflecting a commitment to lower-carbon energy solutions.
Baker Hughes operates in more than 120 countries, supporting projects from deepwater developments in the Gulf of Mexico to remote onshore fields in the Middle East, South America and Asia Pacific regions. Under the leadership of President and CEO Lorenzo Simonelli, the company emphasizes innovation, safety and sustainability, aiming to meet customer needs while navigating the evolving dynamics of the global energy landscape.
