About Baker Hughes
Baker Hughes is a company based in Houston (United States) founded in 1987 was acquired by SK Capital in October 2020. It operates as a AI-as-a-Service, Managed Services, and Direct-to-Consumer (D2C). The company has 57,000 employees as of December 31, 2024. Baker Hughes has completed 15 acquisitions, including ARMS Reliability, AccessESP and Alstom Inspection Robotics. Baker Hughes offers products and services including Oilfield Services & Equipment, Liquefied Natural Gas (LNG) Solutions, Energy Transition Solutions, and Industrial Technology Solutions.
- Headquarter Houston, United States
- Employees 57000 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Baker Hughes Company
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Annual Revenue
$27.83 B9.11as on Dec 31, 2024
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Net Profit
$2.98 B53.32as on Dec 31, 2024
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EBITDA
$4.52 B21.22as on Dec 31, 2024
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Latest Funding Round
$36.36 K (USD), Grant
Dec 01, 2021
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Investors
European Union
& 2 more
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Employee Count
57000
as on Dec 31, 2024
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Investments & Acquisitions
ARMS Reliability
& 14 more
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Acquired by
SK Capital
(Oct 01, 2020)
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IPO & Listings of Baker Hughes
Baker Hughes is a publicly listed company on the NASDAQ with ticker symbol BKR in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Baker Hughes
Baker Hughes offers a comprehensive portfolio of products and services, including Oilfield Services & Equipment, Liquefied Natural Gas (LNG) Solutions, Energy Transition Solutions, and Industrial Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions are provided for efficient oilfield operations management.
Technology is offered for reliable LNG project execution.
Innovations are developed for net-zero energy industry goals.
Efficiency is enhanced in processing and manufacturing industries.
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Software Development Team
252 people
Leadership Team
65 people
Sales and Marketing
56 people
Product Management Team
52 people
Senior Team
38 people
Human Resources and Administration
30 people
Finance and Accounting
28 people
Operations Team
24 people
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Funding Insights of Baker Hughes
- Total Funding Total Funding
- Total Rounds 11
- Last Round Grant — $36,355
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First Round
First Round
(26 Sep 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Grant - Baker Hughes | Valuation |
investors |
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| Mar, 2021 | Amount | Grant - Baker Hughes | Valuation |
investors |
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| Mar, 2020 | Amount | Grant - Baker Hughes | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Baker Hughes
Baker Hughes has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, OSTI.GOV and SK Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A global private investment firm focused on specialty sectors.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Baker Hughes
Baker Hughes has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include ARMS Reliability, AccessESP and Alstom Inspection Robotics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of carbon capture solutions
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2018 | ||||
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Advanced materials for carbon capture from gases
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2016 | ||||
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Provider of provides wireline, wireline tractor, and logging services
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Baker Hughes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Baker Hughes Comparisons
Competitors of Baker Hughes
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Baker Hughes
Frequently Asked Questions about Baker Hughes
When was Baker Hughes founded?
Baker Hughes was founded in 1987 and raised its 1st funding round 21 years after it was founded.
Where is Baker Hughes located?
Baker Hughes is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Baker Hughes?
Martin Craighead is the current CEO of Baker Hughes.
How many employees does Baker Hughes have?
As of Dec 31, 2024, the latest employee count at Baker Hughes is 57,000.
What is the annual revenue of Baker Hughes?
Annual revenue of Baker Hughes is $27.83B as on Dec 31, 2024.
What does Baker Hughes do?
Baker Hughes is established as a leading energy technology company that develops and deploys advanced solutions for energy and industrial sectors. Operations are centered on oilfield services, liquefied natural gas, industrial technology, and energy transition initiatives. Comprehensive portfolios are offered, including digitalization, AI, and automation for remote operations and decarbonization. Support is provided to clients aiming for efficiency, reliability, and sustainability. Efforts are made to reduce emissions and drive cleaner energy through hydrogen technologies, geothermal solutions, and carbon capture systems. Global industries are served with a commitment to net-zero goals and long-term value creation.
What products or services does Baker Hughes offer?
Baker Hughes offers Oilfield Services & Equipment, Liquefied Natural Gas (LNG) Solutions, Energy Transition Solutions, and Industrial Technology Solutions.
Is Baker Hughes publicly traded?
Yes, Baker Hughes is publicly traded on NASDAQ under the ticker symbol BKR.
How many acquisitions has Baker Hughes made?
Baker Hughes has made 15 acquisitions, including ARMS Reliability, AccessESP, and Alstom Inspection Robotics.
Who are Baker Hughes's investors?
Baker Hughes has 3 investors. Key investors include European Union, OSTI.GOV, and SK Capital.
What is Baker Hughes's ticker symbol?
The ticker symbol of Baker Hughes is BKR on NASDAQ.