Baker Hughes (NASDAQ:BKR) (NASDAQ:BKR) is an energy technology company that provides equipment, services and digital solutions to oil and gas producers, industrial companies and other energy customers. Its offerings support activities across the energy value chain, including exploration and production, drilling, well construction, production optimization, and the transportation and processing of hydrocarbons.
The company supplies oilfield services and equipment such as drilling systems, well-completion technologies, artificial-lift systems, subsea production equipment and well-intervention services. Through its industrial and energy technology operations, Baker Hughes also provides gas turbines, compressors, turbomachinery, process equipment, liquefied natural gas technologies, emissions-management solutions, and digital tools designed to improve asset performance and operational efficiency.
Baker Hughes traces its origins to the early 20th century and the development of rotary drilling technology associated with Hughes Tool Company. Baker International and Hughes Tool Company combined in 1987, and the business later became part of GE Oil & Gas before operating independently as Baker Hughes in 2019. The company serves customers in major energy-producing and industrial markets around the world. Its leadership is headed by Lorenzo Simonelli, who serves as chairman and chief executive officer.
