Baker Hughes

Baker Hughes

Energy technology solutions for oil and gas

About Baker Hughes

Simplify's Rating
Why Baker Hughes is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Energy

Company Size

N/A

Company Stage

IPO

Total Funding

N/A

Headquarters

Houston, Texas

Founded

1972

Overview

Baker Hughes provides a wide range of services and products aimed at improving the performance and sustainability of businesses in the oil and gas industry. Their offerings include advanced technology solutions, consultancy services, and training programs that help clients optimize operations, enhance safety, and minimize environmental impact. The company focuses on machine asset management and health monitoring solutions, and their training services combine e-learning with classroom instruction to boost workforce competency. Unlike many competitors, Baker Hughes integrates sustainability into its core business model, emphasizing environmental, social, and governance (ESG) principles. Their goal is to lead the transition to cleaner energy by reducing their carbon footprint and promoting diversity and inclusion within their workforce.

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Simplify's Take

What believers are saying

  • Increased demand for real-time data analytics boosts adoption of SureCONNECT FE.
  • Collaboration with UC Berkeley positions Baker Hughes as a leader in sustainable energy technologies.
  • Expansion in Namibia enhances service capabilities in the growing African oil and gas market.

What critics are saying

  • Increased competition in decarbonization may dilute Baker Hughes' market share.
  • Geopolitical risks in regions like Namibia and Abu Dhabi could impact operations.
  • Reliance on joint ventures exposes Baker Hughes to partner performance risks.

What makes Baker Hughes unique

  • Baker Hughes offers advanced fiber-optic systems like SureCONNECT FE for real-time data analytics.
  • The company collaborates with UC Berkeley on decarbonization research, enhancing sustainable technology development.
  • Baker Hughes integrates ESG principles into operations, focusing on sustainability and cleaner energy transition.

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Company News

Rigzone
Jan 14th, 2025
Aramco Awards $9 Billion Contracts To Be Executed Locally

Novel is a joint venture with Baker Hughes Co. formed to develop and commercialize composite products.

MarketScreener
Jan 13th, 2025
Baker Hughes: Launches SureCONNECT(TM) FE, Next Generation Downhole Intelligent Wet-Mate...

HOUSTON - Jan. 13, 2025 - Baker Hughes, an energy technology company, Monday launched SureCONNECT FE, the industry's first field-proven downhole fiber-optic wet-mate system that enables real-time, optimized reservoir performance in high-pressure, high-temperature environments.

Society of Petroleum Engineers
Dec 16th, 2024
Baker Hughes Teams With UC Berkeley To Establish Decarbonization Institute

Baker Hughes teams with UC Berkeley to establish Decarbonization institute.

Upstream Online
Dec 13th, 2024
Baker Hughes partners with US university on decarbonisation research institute

Oilfield services giant Baker Hughes is partnering with the University of California at Berkeley to establish a long-term research effort into decarbonisation technologies and applications.

MarketBeat
Dec 12th, 2024
EP Wealth Advisors LLC Makes New $637,000 Investment in Baker Hughes (NASDAQ:BKR)

EP Wealth Advisors LLC makes new $637,000 investment in Baker Hughes (NASDAQ:BKR).

MarketBeat
Dec 6th, 2024
Stevens Capital Management LP Makes New $480,000 Investment in Baker Hughes (NASDAQ:BKR)

Stevens Capital Management LP makes new $480,000 investment in Baker Hughes (NASDAQ:BKR).

Rigzone
Nov 28th, 2024
Baker Hughes Expands Footprint in Namibia with Multiple Facilities

Baker Hughes opened a liquid mud plant, cement bulk facility, and integrated multi-modal facility in Namibia.

Investing.com
Nov 21st, 2024
Baker Hughes expands operations in Namibia

Baker Hughes expands operations in Namibia.

JobX Dubai
Nov 4th, 2024
Baker Hughes Opens Advanced Manufacturing Hub in Abu Dhabi | UAE Energy News

Baker Hughes launches 46,000 sqm surface pressure control facility in Abu Dhabi, creating 100+ local jobs.

Arabian Business
Nov 4th, 2024
US energy tech major Baker Hughes opens new manufacturing facility in Abu Dhabi

Baker Hughes, the US-based energy technology company that provides solutions to energy and industrial customers worldwide, announced the official inauguration of its new purpose-built surface pressure control (SPC) headquarters and manufacturing centre in Abu Dhabi.

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