Executive Salary
avg.£63,301
Baker Hughes
Machinery and Industrial Facilities Engineering/Construction of Industrial Facilities and Manufacture of General-Purpose Machinery
Houston, AK, United States
Description
Baker Hughes is a global energy technology company founded in 1908, specialising in providing solutions to the energy and industrial sectors. Headquartered in Houston, Texas, the company employs approximately 58,000 staff worldwide. Baker Hughes offers a broad range of products and services for exploration, production, and industrial applications, primarily serving B2B markets. Its activities include the construction of industrial facilities and the manufacture of general-purpose machinery. In the UK, Baker Hughes maintains a significant presence, supporting local and international clients with advanced technological solutions. The company's financial turnover is reported to be around £26.2 billion, reflecting its extensive operations across multiple markets.
Experteer Insights
Experteer Briefing
Company Trajectory
Baker Hughes, founded in 1908 as Hughes Tool Company, is headquartered in Houston, Texas, United States. Originally established to develop and manufacture drill bits for the oil and gas industry, the company has undergone significant transformation over the decades. Expanding well beyond its origins, Baker Hughes has evolved into a leading energy technology provider, shaping advancements in industrial facilities construction and general-purpose machinery manufacturing. Milestones include the creation of the first two-cone drill bit in 1908, the innovative Tricone drill bit in 1933, and strategic developments that established it as a major force in energy and industrial sectors globally.
Financial Setup
Baker Hughes is a publicly traded company serving a predominantly B2B customer base, with a workforce of 58,000 employees worldwide. The organisation’s current business model focuses on delivering an extensive range of technology-driven products and services tailored for energy, exploration, and industrial applications. Its global footprint and robust client portfolio reflect a long history of financial resilience and adaptability.
Development & Outlook
The company is at the forefront of manufacturing equipment for diverse industrial applications, including hydrogen production, geothermal energy, and carbon capture utilisation and storage. Maintaining a strong record of innovation, Baker Hughes continues to develop patented technologies in energy efficiency and services. Committed to sustainability, the company aims to achieve net-zero carbon emissions by 2050, underpinning significant investments in clean energy solutions. Its ongoing emphasis on diversity, inclusion, and workforce development is complemented by a strong leadership ethos, firmly positioning Baker Hughes for continued technological advancement and responsible growth in the evolving global energy landscape.
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