BKR - Baker Hughes - Stock Price & Dividends

Baker Hughes Company is a leading global provider of innovative technologies and services that cater to the energy and industrial value chain. The company's diverse portfolio is divided into two main segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET).

The OFSE segment is a one-stop-shop for oil and gas companies, offering a comprehensive range of products and services that support the entire lifecycle of onshore and offshore oilfield operations. This includes exploration, appraisal, development, production, rejuvenation, and decommissioning. The segment's product and service offerings include drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions.

The OFSE segment serves a broad range of customers, including oil and natural gas companies, independent oil and gas companies, national or state-owned oil companies, engineering, procurement, and construction contractors, geothermal companies, and other oilfield service companies. By providing tailored solutions to these customers, Baker Hughes Company helps them optimize their operations, reduce costs, and improve efficiency.

The IET segment focuses on providing gas technology equipment and solutions for mechanical-drive, compression, and power-generation applications. This includes drivers, driven equipment, flow control, and turnkey solutions. The segment also offers rack-based vibration monitoring equipment and sensors; integrated asset performance management products; inspection services; pumps, valves, and gears; precision sensors and instrumentation, and condition monitoring solutions. These solutions cater to a wide range of customers, including upstream, midstream, downstream, onshore, offshore, and small and large scale customers in the oil and gas, LNG operations, petrochemical, and carbon solutions industries.

With its rich history dating back to 2016, Baker Hughes Company has evolved significantly, having changed its name from Baker Hughes, a GE company to its current name in October 2019. Headquartered in Houston, Texas, the company continues to drive innovation and growth in the energy and industrial sectors.