Baker Hughes is an energy technology company that offers products and services to the energy and industrial sectors. It is one of the world’s largest providers of oilfield services. Baker Hughes is listed on the NASDAQ stock exchange with the ticker BKR. The company organises its activities into an oilfield services and equipment segment, and an industrial energy and technology segment.
The oilfield services and equipment segment has four product lines:
- Well construction, which includes drill bits, drilling and completion fluids, and a range of associated services such as directional drilling, logging-while-drilling and remote operations
- Completions, interventions and measurement, which encompasses completions, pressure pumping and wireline services
- Production solutions, including artificial lift systems and a range of oilfield and industrial chemicals
- Subsea and surface pressure systems, such as flexible pipe systems, surface pressure control systems and subsea projects and services
The industrial and energy technology segment has five product lines:
- Gas technology equipment, including drivers, driven equipment, flow control systems and turnkey solutions such as power and compression modules, energy storage, liquefaction plants and other storage and use equipment
- Gas technology services and aftermarket support, including the design, manufacture and maintenance of equipment, and the supply of analytics and spare parts and upgrades for equipment and plants
Industrial components and services, including testing technology, process and pipeline services, and a range of valves and gears for flow and process control - Industrial solutions for asset performance optimisation through hardware and software, including sensors for a variety of parameters, instrumentation devices and condition monitoring equipment
- Climate technology solutions, including CCUS, hydrogen, clean power and emissions abatement equipment.
Customers include large integrated major and super-major oil companies, independent oil and gas companies, national oil companies, EPC contractors and other oilfield services providers. The company sells to customers through its internal sales force and indirect channels.