About Baker Hughes Company (BKR)

Company Description:

Baker Hughes Company, a leading player in the energy sector, specializes in providing a range of oil and gas equipment and services. The company's expertise spans across various segments, particularly focusing on innovative technologies and services required for energy production.

Founded in 1907, Baker Hughes has a rich history in the energy industry and is currently headquartered in Houston, Texas, United States.

Main Product(s):

Baker Hughes is known for its extensive portfolio in oilfield services, which includes drilling, evaluation, completions, production, and reservoir consulting. The company is also involved in the manufacture and service of oil and gas extraction and processing equipment.

Short History of Baker Hughes Company:

• 1907 – The company's early roots began with the Hughes Tool Company.
• 1987 – Baker International and Hughes Tool Company merged, forming Baker Hughes Incorporated.
• 2017 – Baker Hughes merged with GE Oil & Gas, becoming Baker Hughes, a GE company.
• 2019 – The company separated from General Electric and rebranded as Baker Hughes Company.
• Recent Years – Baker Hughes has increasingly focused on sustainable energy solutions and digital technologies in the oil and gas sector.