Baker Hughes Overview
Company Headquarters: United States
Founded: 1987
Workforce: 54,000
Company Working: Baker Hughes Company (Baker Hughes or 'the company') formerly Baker Hughes, a GE company LLC, is an oilfield services company that offers oilfield products, services and digital solutions. Baker Hughes operates in the Americas, Europe, Asia Pacific, Africa, and the Middle East. It owns or leases service centers, blend plants, workshops and sales and administrative offices across the world. Baker Hughes operates through four reportable business segments: Oilfield Services, Oilfield Equipment, Turbomachinery and Process Solutions and Digital Solutions. The Oilfield Services segment offers products and services supporting offshore operations including evaluation, completion, abandonment, drilling, production and intervention. Its offerings include drill bits; drilling services, including measurement-while-drilling, directional drilling, and logging-while-drilling; drilling fluids; wireline services; completions, including tools, systems, and fluids; well intervention; pressure pumping; artificial lift systems; oilfield and industrial chemicals; and integrated well services. It owns and leases facilities in the US, Canada, Germany, Norway, Scotland, the UK, Brazil, Singapore, India, the UAE, Saudi Arabia, Angola and Nigeria. In FY2020, the Oilfield Services segment reported revenue of US$10,140 million, which accounted for 49% of the company’s revenue. The Oilfield Equipment segment provides a wide portfolio of mission critical products and services utilized during drilling and over the life of a field. Its offerings include subsea production systems (SPS), flexible pipe systems for subsea flowlines, subsea and surface drilling equipment, risers and onshore pipes, surface pressure control solutions, surface and subsea wellheads, subsea well intervention solutions and related service solutions. It owns and leases facilities in the US, the UK, Brazil, China and Saudi Arabia. In FY2020, the Oilfield Equipment segment reported revenue of US$2,844 million, which accounted for 13.7% of the company’s revenue. The Turbomachinery and Process Solutions segment offers flow control, drivers, turnkey and driven equipment solutions. The company provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry and energy industry, the on-and-offshore, , pipeline, LNG and gas storage, refining, petrochemical, distributed gas, flow and process control and industrial segments. It owns and leases facilities in the US, Italy, France and India. In FY2020, the Turbomachinery and Process Solutions segment reported revenue of US$5,705 million, which accounted for 27.6% of the company’s revenue. The Digital Solutions segment provides hardware technologies with enterprise-class software products and analytics to connect industrial assets, providing customers with the data, safety and security needed to reliably and efficiently improve operations. Its offerings include industrial controls, condition monitoring, measurement, non-destructive technologies, sensing, and pipeline solutions. It owns and leases facilities in the US, the UK, Ireland and Germany. In FY2020, the Digital Solutions segment reported revenue of US$2,015 million, which accounted for 9.7% of the company’s revenue. Geographically, the company operates through two regions: the US and Non-US. In FY2020, Non-US accounted for 77.6% of the company’s total revenue, followed by the US (22.4%).
