Baker Hughes Company is a Energy Technology & Oilfield Services company headquartered in Houston, Texas. In FY2025, it reported $27.7B in revenue and $2.6B in net income. It had about 56,000 employees and is led by Lorenzo Simonelli.
How Baker Hughes Makes Money
Baker Hughes makes money through oilfield services and equipment, industrial and energy technology, LNG systems, turbomachinery, digital services, and new-energy solutions. Its customers include upstream operators, LNG developers, industrial customers, national oil companies, and energy-transition project owners. The business model depends on scale, risk selection, customer relationships, distribution, technology, and disciplined capital allocation.
Baker Hughes Strategy
Baker Hughes is emphasizing LNG, gas technology, industrial services, energy efficiency, CCUS, hydrogen, digital monitoring, and margin discipline across OFSE and IET. The main risks are baker hughes remains exposed to oil and gas capital-spending cycles, project timing, geopolitical risk, supply-chain execution, and competition from large energy-service peers. The profile was refreshed on 2026-07-21 from annual-report, earnings-release, and regulatory sources.
