Baker Hughes (BKR)

In oilfield services and equipment, Baker Hughes is one of the largest companies in the sector alongside SLB and Halliburton. It provides products and services used across the lifecycle of wells, including drilling, evaluation, completions, production, subsea equipment, and related digital solutions. Its customers include national oil companies, international integrated energy groups, and independent exploration and production companies. A substantial portion of demand comes from markets outside North America, giving the business broad exposure to global upstream spending trends.

The Industrial & Energy Technology segment supplies equipment such as gas turbines, compressors, pumps, valves, and related services for LNG, pipeline, refining, petrochemical, power generation, and industrial applications. It also offers monitoring, inspection, and emissions-management technologies that help customers improve reliability, efficiency, and environmental performance.

Baker Hughes is positioned at the intersection of conventional energy supply and the energy transition. While its results remain linked to oil and gas capital spending, the company also benefits from long-term demand for LNG infrastructure, industrial efficiency, hydrogen-ready equipment, carbon management, and digital asset optimisation. Its combination of field services, engineered equipment, and energy technology makes it a diversified supplier to complex energy markets.