Baker Hughes makes equipment and runs field services for oil and gas producers, LNG plant operators, pipeline companies and industrial power users. Its products cover the whole gas chain, from drill bits and well completions to the compressors and turbines that chill natural gas into liquid for export. Its oilfield arm drills, completes and maintains wells, while its industrial arm designs, builds and services turbomachinery, valves and monitoring software. It earns money from equipment sales, project work and long-term service agreements that keep installed machines running. The current company formed in 2017 when Baker Hughes combined with GE's oil and gas business, and it is based in Houston.
Company Size
10,001+
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1972
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