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Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide.
It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, downstream, onshore, offshore, and industrial customers. The DS segment provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.
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Baker Hughes stock price has soared and is now nearing its all-time high, a trend that may continue as demand for its products and services surges. BKR is trading at $63, a few points below the all-time high of $67.
Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.
HOUSTON and LONDON, April 07, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units for a major natural gas pipeline project in Argentina. The order consists of three NovaLT™16 gas turbines equipped with three centrifugal compressors, along with commissioning services, spare parts, special tools, and remote monitoring and diagnostic capabilities. This equipment will be installed at a gas compressor station near Allen, Río Negro, to support the transportation of natural gas from the Vaca Muerta formation to the Gulf of San Matias through a dedicated pipeline, providing feed gas to Southern Energy's two floating LNG vessels.
U.S. energy firms this week added to the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said on Thursday.
Shares of Baker Hughes-backed HMH Holding fell 5.5% in their Nasdaq debut on Wednesday, valuing the drilling equipment provider at $815 million.
Allspring Global Investments Holdings LLC boosted its holdings in Baker Hughes Company (NASDAQ: BKR) by 10.4% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,289,649 shares of the company's stock after purchasing an additional 871,435 shares during the quarter.
Global oilfield services companies are bracing for a hit to earnings as the Iran war disrupts energy infrastructure across the Middle East and producers hold back on new drilling until higher oil prices prove durable.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes said on Friday.
Baker Hughes partners with Google Cloud to launch AI-driven solutions for data centers, targeting efficiency gains and lower emissions.
Victor Dergunov, The Financial Prophet, talks his 5 step plan - raising cash, rotating into gold miners, energy, and defensive sectors amid heightened market uncertainty. Gold miners like Barrick (GOLD), Newmont (NEM), Agnico Eagle (AEM), and Kinross (KGC) are attractive after major declines, despite near-term headwinds from interest rate expectations.
Low reliance on debt should enable oilfield service companies to access capital on favorable terms in a volatile business environment, underpinning a promising outlook for the Zacks Oil and Gas- Field Services industry. HAL, BKR, FTI and AROC are well poised to gain.
HOUSTON--(BUSINESS WIRE)--XGS and Baker Hughes announce a strategic collaboration and initial order for engineering services to advance XGS's 150-MW geothermal project.
Baker Hughes (BKR) stands out among oilfield service peers due to its fast-growing Industrial & Energy Technology (IET) segment and strategic transformation. BKR's IET segment, driven by gas and industrial technology, grew revenues 74% from 2020–2025, offsetting cyclical oilfield weakness. The Chart Industries acquisition will nearly double BKR's non-oil and gas revenue exposure, but increases leverage and balance sheet risk.
HOUSTON, March 24, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) on Tuesday announced it is collaborating with Google Cloud to develop advanced AI-enabled power optimization and sustainability solutions for the rapidly growing global data center sector. Baker Hughes intends to combine complementary technologies and expertise to help address the increasing power demand driven by AI data center expansion.
Baker Hughes CEO Lorenzo Simonelli discusses the growth outlook for energy demand.
