Baker Hughes Company is a leading global energy technology and oilfield services provider, operating through two primary business segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment, which generated approximately 52% of the company's revenue in 2025, offers a comprehensive suite of products and services for onshore and offshore well drilling, formation evaluation, completion, and production. This includes directional drilling, subsea production systems, and artificial lift technologies. The IET segment, accounting for the remaining 48% of revenue, provides critical equipment and services for industrial and energy markets, including gas turbines, compressors, and condition monitoring solutions. This segment is particularly well-positioned in the liquefied natural gas (LNG) value chain and is increasingly focused on new energy solutions such as hydrogen, geothermal, and carbon capture, utilization, and storage (CCUS). Geographically, Baker Hughes has a massive global footprint, operating in over 120 countries with significant revenue contributions from North America, Latin America, the Middle East, and Europe. The company's competitive position is strengthened by its ability to integrate subsurface oilfield expertise with surface engineering and turbomachinery, allowing it to serve both traditional hydrocarbon extraction and the broader energy transition.
