Baker Hughes Co (BKR)

Overview

Baker Hughes Company, operating globally, offers a comprehensive range of technologies and services across the energy and industrial sectors. With its operations divided into Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments, the company addresses the needs of the entire energy value chain. Originally known as Baker Hughes, a GE company, it underwent a rebranding in October 2019 and established itself with the current name. Baker Hughes was founded in 2016 and has its headquarters in Houston, Texas. The company's clientele spans oil and natural gas companies, both US-based and international independents, national or state-owned entities, engineering and construction contractors, geothermal entities, and other service providers in the oilfield sector.

Products and Services

The array of products and services offered by Baker Hughes is categorized under its two operating segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET), detailed as follows:

• Exploration to Decommissioning Services: Encompassing everything from exploration, appraisal, development, production, rejuvenation, to decommissioning, primarily for onshore and offshore oilfield operations. This includes drilling services, drill bits, drilling and completions fluids, completions, intervention, measurements, pressure pumping, and wireline services.
• Artificial Lift Systems: Enhance production efficiency through various forms of artificial lift solutions.
• Oilfield and Industrial Chemicals: Supply of specialized chemicals for various phases of oilfield operations and other industrial applications.
• Subsea Projects and Services: Offering a suite of services for subsea infrastructure, including flexible pipe systems and surface pressure control systems.
• Integrated Well Services: Providing comprehensive well services that span the lifecycle of a well to maximize its productivity and efficiency.
• Gas Technology Equipment: Solutions including drivers and driven equipment, flow control, and turnkey solutions catering to mechanical-drive, compression, and power-generation applications across the energy sector.
• LNG Operations and Petrochemical Solutions: Offering products and services tailored for liquefied natural gas operations and the broader petrochemical industry.
• Rack-based Vibration Monitoring Equipment and Sensors: Advanced monitoring solutions for ensuring equipment reliability and performance.
• Asset Performance Management Products: Tools and technologies designed to improve the performance and efficiency of energy assets through integrated management.
• Inspection Services, Pumps, Valves, and Gears: Comprehensive inspection services alongside critical mechanical components essential for the safe and efficient operation of industrial and energy facilities.
• Precision Sensors and Instrumentation: High-precision equipment for accurate sensing and measurement crucial for operational integrity and success.
• Condition Monitoring Solutions: Offering advanced solutions for monitoring the condition of equipment and facilities to prevent failures and optimize performance.