Baker Hughes Co. BKR

What this company does

Baker Hughes provides technologies and services that span the energy and industrial value chain, conducting business in over 120 countries. As of December 31, 2025, it had approximately 56,000 employees, more than 45,000 of whom work outside the United States. Sales are made through direct and indirect channels, the primary one being a direct sales force organised around local teams. The business is run in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services and integrated solutions for onshore and offshore oilfield operations, from exploration and development through production and decommissioning. Four product lines make up the OFSE segment. The IET segment supplies domain expertise, technologies, software and services to energy and industrial customers, in applications that include LNG, pipeline and gas storage, refining, petrochemical, hydrogen, geothermal, CCUS and power. In 2025 it spent $600 million on research and development and was granted more than 1,400 patents worldwide.

Written from the business description in Baker Hughes Company's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.