BKR 📈 Baker Hughes - Overview

Baker Hughes Company operates as a global leader in the energy and industrial sectors, providing a comprehensive portfolio of technologies and services that cater to the diverse needs of its clients worldwide. The company's business is divided into two primary segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment is responsible for designing, manufacturing, and delivering a wide range of products and services that support the entire oilfield lifecycle, from exploration and appraisal to development, production, and decommissioning. This includes drilling services, drill bits, and drilling fluids, as well as completions, intervention, and measurement services. Additionally, the segment offers artificial lift systems, oilfield and industrial chemicals, and subsea project services, among others. Its client base encompasses a broad spectrum of companies, including oil and natural gas operators, independent oil and gas companies, national or state-owned oil companies, and engineering, procurement, and construction contractors.

The IET segment, on the other hand, focuses on providing gas technology equipment and solutions for various applications, including mechanical-drive, compression, and power-generation. This segment also offers a range of products and services aimed at optimizing asset performance, such as rack-based vibration monitoring equipment, integrated asset performance management products, and inspection services. Furthermore, it provides pumps, valves, gears, precision sensors, and condition monitoring solutions to its clients. The IET segment serves a diverse customer base, including upstream, midstream, and downstream operators, as well as onshore and offshore companies, across the oil and gas, LNG, petrochemical, and carbon solutions sectors. By leveraging its expertise and capabilities, Baker Hughes Company is well-positioned to support the evolving needs of the energy and industrial sectors, driving innovation, efficiency, and sustainability in its operations.

With a history dating back to its incorporation in 2016, Baker Hughes Company has undergone significant transformations, including a name change from Baker Hughes, a GE company to its current name in October 2019. Headquartered in Houston, Texas, the company has established itself as a major player in the oil and gas equipment and services industry, with a global presence and a strong commitment to delivering cutting-edge solutions to its clients. As a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol BKR, Baker Hughes Company is subject to the scrutiny of the capital markets, ensuring transparency and accountability in its operations. With its common stock listed under the ISIN code US05722G1004 and classified under the GICS Sub Industry: Oil & Gas Equipment & Services, the company is poised for continued growth and success in the years to come.