Baker Hughes
Baker Hughes is a global energy technology company that provides equipment, services, and digital solutions to the oil & gas industry as well as to new energy and low-carbon sectors. Unlike traditional oilfield-only service firms, Baker Hughes operates across the full energy value chain, from upstream drilling to LNG, industrial energy, and energy transition technologies.
Competitors
General Electric
General Electric (GE) is an American multinational industrial company founded in 1892 and headquartered in Boston, Massachusetts.
It is known for innovation across aviation, energy, and healthcare, and was restructured into focused companies in the 2020s
Siemens Energy
Siemens Energy is a German multinational company specializing in energy technologies and services across power generation, transmission, and storage.
Headquartered in Munich, it provides equipment and digital solutions supporting sustainable and reliable energy systems worldwide.
Emerson Electric
Emerson Electric Co. is a U.S.-based global technology and industrial automation company headquartered in St. Louis, Missouri.
It provides automation systems, software, and engineering solutions for energy and industrial markets worldwide.
SLB
SLB is a global energy technology company headquartered in Houston, Texas, formerly known as Schlumberger Limited.
It focuses on digital innovation and decarbonization technologies to support a more sustainable energy future.
Company Business Model
Supplies oilfield services & equipment (drilling, completions, production, and well intervention)
Strong focus on energy transition: hydrogen, carbon capture (CCUS), geothermal, and emissions management
Revenue from long-term service contracts, equipment sales, and digital subscriptions
Major player in LNG, turbomachinery, and process solutions