Baker Hughes, a GE Company (BHGE) LLC Overview
Baker Hughes, a GE Company (BHGE) LLC is engaged in offering products and services across business segments that include oilfield services, oil equipment, turbomachinery & process solutions, and digital solutions. The turbomachinery & process solutions segment offers equipment and related services for mechanical-drive, compression, and power-generation applications across industry verticals such as oil & gas, energy, on- & off-shore, LNG, pipeline & gas storage, refining, petrochemical, distributed gas, and flow & process control, among others. This segment is a leader having expertise in designing, manufacturing, maintaining, and upgrading rotating equipment in oil & gas. The turbomachinery & process solutions segment is further sub-segmented into drivers, driven equipment, flow control, and turnkey solutions. The driver sub-segment comprises of aero-derivative gas turbines, heavy-duty gas turbines, small- to medium-sized industrial gas turbines, steam turbines, and hot gas and turboexpanders.
Turbomachinery & process solutions help Baker Hughes’ customers to maximize the production of upstream oil & gas production, liquefy natural gas, compress gas for transportation through pipelines, generate electricity, storage of gas and energy, refine oil & gas to produce petrochemicals and minimize operational as well as environmental risks in extreme conditions to gain maximum profits. The company focuses on differentiating their offerings through their expertise in technology & project management, its local presence gained through local partnerships, deep industry knowledge by having skilled employees, and advanced technological assets to design and manufacture their turbomachinery & process solutions. Baker Hughes operates through 120 countries other than the United States.
Strategy
Baker Hughes has a vast experience in the energy technology business with a diversified product portfolio of technologies and services. The company has its presence in over 120 countries worldwide. Baker Hughes strategizes its business around three growth aspects—the transformation of their core abilities for efficient products and services, integrated offerings, and improved total economy through result-oriented solutions, secondly technological advancements in functional capabilities through high investments in research & development, and lastly, to position itself as a leading energy technology company growing across its gas offerings, and new product developments aiming at lower carbon emissions.
