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Baker Hughes

BHGE is a supplier of equipment and services that helps for drilling, evaluation, production and intervention in oil and gas sector. Read more

Lorenzo Simonelli's photo - Chairman & CEO of Baker Hughes

Chairman & CEO

Lorenzo Simonelli

CEO Approval Rating

81/100

Founded:

1987

Status:

PublicSubsidiary of General Electric CoNYSEBKR

BAKER HUGHES TOP COMPETITORS OR ALTERNATIVES

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Schlumberger is Baker Hughes's #1 competitor. Schlumberger's headquarters is in Houston, Texas, and was founded in 1926. Like Baker Hughes, Schlumberger also works within the Oil & Gas Equipment & Services sector. Schlumberger generates 106% of Baker Hughes's revenue.

Halliburton is one of Baker Hughes's top rivals. Halliburton was founded in Houston, Texas} in 1919. Halliburton competes in the Oil & Gas Exploration, Production, Sales industry. Compared to Baker Hughes, Halliburton generates $7.2B less revenue.

Weatherford is one of Baker Hughes's top competitors. Weatherford is a Public company that was founded in 1941 in Houston, Texas. Weatherford operates in the Oil & Gas Equipment & Services industry. Compared to Baker Hughes, Weatherford has 37,800 fewer employees.

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Baker Hughes Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$20.1B

Baker Hughes's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 7.6B. Over the last four quarters, Baker Hughes's revenue has grown by 1%. Specifically, in Q1 2021's revenue was $4.8B; in Q4 2020, it was $5.5B; in Q3 2020, it was $5B; in Q2 2020, Baker Hughes's revenue was $4.7B.

Baker Hughes Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
ARMS Reliability Pty. Ltd.

Feb 2021

Source »
undisclosed
ARMS Reliability develops a reliability management platform that provides asset performance management solutions for mining and oil and gas sectors.
Compact Carbon Capture AS

Nov 2020

Source »
undisclosed
3C develops and operates direct air capture plants that removes carbon dioxide from the atmosphere.
JOA Oil & Gas

Oct 2010

Source »
undisclosed
-

These are all the companies that Baker Hughes has acquired. Baker Hughes has acquired 3 companies and its latest acquisition was ARMS Reliability Pty. Ltd. in Feb 2021. ARMS Reliability develops a reliability management platform that provides asset performance management solutions for mining and oil and gas sectors.

Baker Hughes Funding History

Since Baker Hughes was founded in 1987, it has participated in 1 round of funding. In total Baker Hughes has raised $3.0B. Baker Hughes' funding round was on Dec 2019 for a total of $3.0B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Dec 2019
$3B

J.P. Morgan Chase Bank, N.A

Since Baker Hughes was founded in 1987, it has participated in 1 round of funding. In total Baker Hughes has raised $3.0B. Baker Hughes' funding round was on Dec 2019 for a total of $3.0B

Baker Hughes Investments

No recent investments found related to Baker Hughes

These are all the companies that Baker Hughes has invested in. Baker Hughes has invested 3 companies and its latest investment was ARMS Reliability Pty. Ltd. in Feb 2021. ARMS Reliability develops a reliability management platform that provides asset performance management solutions for mining and oil and gas sectors.

Baker Hughes News

June 9, 2021The Business Journals: Houston

Baker Hughes, Air Products team up to advance clean hydrogen fuel projects

Numerous Houston companies have leaned into ambitious clean energy projects, and a new collaboration ... See more »
June 8, 2021MarketScreener

KBC, a Yokogawa Company, Adopts the BHC3 AI Suite to Develop Enterprise AI Solutions for Oil and Gas

(marketscreener.com) KBC will leverage the BHC3 AI Suite and Enterprise AI applications from the Bake... See more »
June 6, 2021Seeking Alpha

A Better Future Is Likely

June 4, 2021MarketScreener

increases the green energy cooperation in Russia .

(marketscreener.com) FORTUM CORPORATION ONLINE RELEASE 4.6.2021 Fortum has signed four new Memorandum... See more »
June 4, 2021Natural Gas World

Canada drives North American rig count higher

With all the gains from oil, the Canadian rig count jumped by 15 from the previous week.... See more »
June 2, 2021Energy Global News

BAKER HUGHES DELIVERS REMOTE OPERATIONS DIGITAL TECHNOLOGY TO ARAMCO

Baker Hughes has deployed its industry-leading remote operations digital technology across Aramco's d... See more »
June 2, 2021MarketScreener

Foundation Contributes $100,000...

(marketscreener.com) HOUSTON - June 2, 2021 - The Baker Hughes Foundation has announced a $100,000 gr... See more »

Baker Hughes Blogs

February 1, 2016Baker Hughes Blog

The Case for Hydraulic Fracturing

There are two great truths tied to hydraulic fracturing. 1. It has helped improve people's lives by e... See more »
January 1, 2016Baker Hughes Blog

The Grand Challenges for Engineering

The first brief flight at Kitty Hawk in 1903 did not immediately make the Wright brothers famous; how... See more »
December 12, 2015Baker Hughes Blog

Innovation beyond technology: The new imperative

Hydrocarbons have never been easy to find or produce. Now, in addition, we must contend with low pr... See more »
November 2, 2015BAKER HUGHES BLOG

For the Public Benefit

Originally published as http://spe.org/jpt/article/10176-presidents-column-36/ As 2016 SPE President ... See more »
October 6, 2015BAKER HUGHES BLOG

What you do is important

2016 SPE President's Column published in the Journal of Petroleum Technology Each SPE president choos... See more »
September 13, 2015BAKER HUGHES BLOG

2016 SPE President Nathan Meehan

Nathan Meehan is senior executive adviser at Baker Hughes, where he advises executive management on r... See more »

Baker Hughes Press Releases

March 8, 2021Korea Newswire

Baker Hughes & C3 AI Release BHC3 Production Schedule Optimization Application for Demand Planning & Manufacturing Production Scheduling

Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) have announced the launch of BHC3 Production Schedule O... See more »
March 6, 2021centralcharts

Bragar Eagel & Squire, P.C. is Investigating Baker Hughes Company on Behalf of Baker Hughes Stockholders and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating po... See more »
March 4, 2021Press Release India

Baker Hughes & C3 AI Release BHC3 Production Schedule Optimization Application for Demand Planning & Manufacturing Production Scheduling

Business Wire India Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) have announced the launch of BHC3 P... See more »
March 2, 2021centralcharts

Investor presentation on joint venture involving MHWirth

Akastor ASA: Investor presentation on joint venture involving MHWirth PR Newswire OSLO, Norway, March... See more »
January 21, 2021Oil and Gas Press

Baker Hughes - Fourth Quarter and Total Year 2020 Results

Baker Hughes Company (NYSE: BKR) announced results today for the fourth quarter and total year 2020. ... See more »
December 16, 2020Business Wire

Baker Hughes Announces Date for Fourth Quarter and Full-Year 2020 Earnings Release and Webcast

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes announces date for fourth quarter and full-year 2020 ... See more »
December 8, 2020Oil and Gas Press

Non-Metallic Solutions Manufacturing Joint Venture company in Saudi Arabia

Aramco and Baker Hughes (NYSE:BKR) have announced the formation of Novel, a 50/50 Joint Venture (JV) ... See more »

Baker Hughes Videos

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Baker Hughes Headquarters

17021 Aldine Westfield Road

Houston, Texas77073

713-439-8600

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Baker Hughes Summary

ABOUT

Overview

BHGE is a supplier of equipment and services that helps for drilling, evaluation, production and intervention in oil and gas sector. Baker Hughes was founded in 1987. Baker Hughes' headquarters is located in Houston, Texas, USA 77073. It has raised 3....

CEO

Baker Hughes's Chairman & CEO, Lorenzo Simonelli, currently has an approval rating of 81%. Baker Hughes's primary competitors are Schlumberger, Halliburton & Weatherford.

Website

bhge.com

Frequently Asked Questions about Baker Hughes

  1. When was Baker Hughes founded?

    Baker Hughes was founded in 1987
  2. Who is Baker Hughes's CEO?

    Baker Hughes's CEO is Lorenzo Simonelli
  3. How much revenue does Baker Hughes generate?

    Baker Hughes generates $20.1B in revenue
  4. How much funding does Baker Hughes have?

    Baker Hughes has historically raised $3B in funding
  1. Where is Baker Hughes's headquarters?

    Baker Hughes's headquarters is in Houston Texas, USA
  2. How many employees does Baker Hughes have?

    Baker Hughes has 55,000 employees
  3. What sector does Baker Hughes operate in?

    Baker Hughes is in Oil & Gas Equipment & Services
  4. Who are Baker Hughes's competitors?

    Baker Hughes's top competitors are Schlumberger, Halliburton, Weatherford