How we`re organized

We are an energy technology company that has a diverse portfolio of equipment and service capabilities that span the energy and industrial value chain. Our two operating segments are organized based on the nature of our markets and customers, and consist of similar products and services.

OILFIELD SERVICES & EQUIPMENT

The OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development; to production, rejuvenation, and decommissioning. The segment is organized into four product lines: Well Construction, which focuses on drilling and its components (drill bits, drilling fluids, and drilling services); Completions, Intervention, and Measurements, which encompasses well completions, wireline services, and pressure pumping services; Production Solutions, which spans artificial lift systems and chemicals; and Subsea & Surface Pressure Systems, which facilitates the safe and reliable control and flow of hydrocarbons from the wellhead to production facilities.

Beyond its traditional oilfield concentration, OFSE is expanding its capabilities and technology portfolio to meet the challenges of a net-zero future. These efforts include expanding into new energy areas such as geothermal and CCUS, strengthening its digital architecture and addressing key energy market themes, and never wavering from a longstanding and recognized commitment to safety and execution.

INDUSTRIAL & ENERGY TECHNOLOGY

The Industrial & Energy Technology (IET) segment combines a broad array of domain expertise, technologies, and services for industrial and energy customers. Our solutions unlock the ability to transform, transfer, and transport energy efficiently, while capturing and cutting emissions, solving a fundamental challenge behind the energy transition: reducing environmental impact, while maximizing efficiency, productivity, and reliability.

The IET organization consists of four solution platforms which all build on Baker Hughes existing and strong foundation of rotating equipment, electric-power, pumps, valves, gears, sensor, precision instrumentation, and industrial software technologies and services:

Gas Technology: Solutions that deliver reliable gas at the highest efficiency

IET is a leader in designing, manufacturing, testing, and installing Gas Technology solutions that serve the entire gas value chain including on/offshore, pipeline, LNG, gas storage and gas distribution.

Industrial Technology: Improving industry productivity and ensuring reliable quality and safety

IET provides Industrial Technology solutions that serve a broad array of industries including petrochemical & refining, nuclear, aviation, automotive, mining, cement, metals, pulp and paper, and food & beverage.

Climate Technology Solutions: Decarbonizing energy and hard to abate industries

IET’s Climate Technology Solutions span carbon capture, utilization and storage, hydrogen, clean power and emissions management capabilities to enable energy operators as well as broader industry, in particular the hard-to-abate sectors to achieve a reliable, net-zero energy system.

Industrial Asset Management: Optimizing industrial asset performance with simple, flexible, connected hardware and software solutions

IET’s Industrial Asset Management Solutions combine sophisticated hardware technologies with enterprise-class software products and analytics to connect industrial assets, providing customers with the data, safety and security needed to optimize operations reliably and efficiently.

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