Baker Hughes Co.
Company Snapshot
Founded: 1987
Entity Type: Public
Employees: 57,000
Region: Non-U.S.
Revenue: $27,829.0 Millions
Revenue Year: 2024
Headquarter: Texas, U.S.
Key Geographics: U.S., Rest of the World
Corporate Address: 575 North Dairy Ashford Road Suite 100, Houston, Texas 77079-1121 U.S. Tel. +1-713-439-8600 www.bakerhughes.com
Company Overview
Baker Hughes Co. is an energy technology company resulting from the merger of Baker Hughes Inc. and GE Oil and Gas. The company operates in more than 120 countries.
The acquisition of Mosaic Materials Inc. in 2022 expanded Baker Hughes’ portfolio of carbon capture utilization and storage solutions. Mosaic’s MOF technology is a proprietary adsorbent material that behaves like a high-capacity molecular sponge to selectively capture carbon dioxide. Joining Baker Hughes offered Mosaic additional resources as well as engineering expertise for scaling up and commercializing its direct air capture technology.
Financial Highlights (FY 2024)
Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***
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Baker Hughes Co. In News
Company's Business Segments
- Oilfield Services & Equipment : This segment organized its products into four lines: Well Construction; Completions, Intervention, & Measurements; Production Solutions; and Subsea & Surface Pressure Systems.
- Industrial & Energy Technology : This segment organized its products into five lines: Gas Technology Equipment; Gas Technology Services; Industrial Products; Industrial Solutions; and Climate Technology Solutions ("CTS").
Applications/End User Industries
- Oil and Gas
- Energy
- Liquified Natural Gas
- Offshore Drilling
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