Baker Hughes, a US oil development and processing company: Introduction and Official Website

Baker Hughes is an American energy technology company headquartered in Houston, providing products and services to the global oil development and processing industry. Founded in 1987 through the merger of Baker International and Hughes Tool Company, Baker Hughes achieved revenues exceeding $3 billion in 1996 and employed approximately 18,000 people. Its services encompass drilling, completions, and the entire oil and gas well production process, making it one of the world's three largest oilfield service companies, along with Schlumberger and Halliburton.

The company's roots can be traced back to the invention of casing shoe and roller-cone drill bit technology in the early 1900s. In 2017, it merged with General Electric's oil and gas business to form BHGE, officially changing its name to its current form in 2019. Through continuous expansion, Baker Hughes has developed technologies such as the Performax water-based drilling fluid system. It was approved to maintain operations in Venezuela until November 2023 and signed a contract with Petrobras to supply flexible piping systems in 2024. As of the latest data, the company employs over 54,000 people worldwide.

Baker Hughes (NASDAQ: BKR) is a multinational energy technology company providing solutions to energy and industrial customers worldwide. Its business currently consists of two major segments: oilfield services and equipment, and industrial and energy technologies.

Baker Hughes was founded in 1907. In July 2017, the global merger of General Electric's (GE) Oil & Gas division (GE Oil & Gas) formed Baker Hughes of General Electric (BHGE). In October 2019, the company officially changed its name to Baker Hughes.

Company Name: Baker Hughes Incorporated.

Official Domain: bakerhughes.com.

Domain Creation: June 25, 1996.

Country: United States.

Headquarters: Houston, USA.

Founded: 1907.