Baker Hughes Company (BKR) Revenue & Revenue Breakdown
Baker Hughes Company Revenue Highlights
Latest Revenue (Y)
$25.51B
Latest Revenue (Q)
$7.14B
Main Segment (Y)
Product
Main Geography (Y)
Non-US
Baker Hughes Company Revenue by Period
Baker Hughes Company Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $25.51B | 20.56% |
| 2022-12-31 | $21.16B | 3.02% |
| 2021-12-31 | $20.54B | -0.82% |
| 2020-12-31 | $20.70B | -13.14% |
| 2019-12-31 | $23.84B | 4.20% |
| 2018-12-31 | $22.88B | 33.17% |
| 2017-12-31 | $17.18B | 29.47% |
| 2016-12-31 | $13.27B | -20.49% |
| 2015-12-31 | $16.69B | - |
Baker Hughes Company generated $25.51B in revenue during NA 2023, up 20.56% compared to the previous quarter, and up 111.49% compared to the same period a year ago.
Baker Hughes Company Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $7.14B | 11.23% |
| 2024-03-31 | $6.42B | -6.10% |
| 2023-12-31 | $6.83B | 2.92% |
| 2023-09-30 | $6.64B | 5.16% |
| 2023-06-30 | $6.32B | 10.48% |
| 2023-03-31 | $5.72B | -3.20% |
| 2022-12-31 | $5.91B | 9.98% |
| 2022-09-30 | $5.37B | 6.38% |
| 2022-06-30 | $5.05B | 4.38% |
| 2022-03-31 | $4.83B | -12.39% |
| 2021-12-31 | $5.52B | 8.36% |
| 2021-09-30 | $5.09B | -0.95% |
| 2021-06-30 | $5.14B | 7.53% |
| 2021-03-31 | $4.78B | -12.98% |
| 2020-12-31 | $5.50B | 8.83% |
| 2020-09-30 | $5.05B | 6.61% |
| 2020-06-30 | $4.74B | -12.70% |
| 2020-03-31 | $5.42B | -14.53% |
| 2019-12-31 | $6.35B | 7.91% |
| 2019-09-30 | $5.88B | -1.87% |
| 2019-06-30 | $5.99B | 6.75% |
| 2019-03-31 | $5.62B | -10.36% |
| 2018-12-31 | $6.26B | 10.57% |
| 2018-09-30 | $5.67B | 2.11% |
| 2018-06-30 | $5.55B | 2.76% |
| 2018-03-31 | $5.40B | -6.32% |
| 2017-12-31 | $5.76B | 7.22% |
| 2017-09-30 | $5.38B | 123.59% |
| 2017-06-30 | $2.40B | -55.26% |
| 2017-03-31 | $5.37B | 52.82% |
| 2016-12-31 | $3.52B | 100.00% |
| 2016-09-30 | - | - |
Baker Hughes Company generated $7.14B in revenue during Q2 2024, up 11.23% compared to the previous quarter, and up 124.90% compared to the same period a year ago.
Baker Hughes Company Revenue Breakdown
Baker Hughes Company Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Service | $9.89B | $8.92B | $8.25B | $7.86B | $10.15B |
| Product | $15.62B | $12.24B | $12.25B | $12.85B | $13.69B |
Baker Hughes Company's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (61.23%), and Service (38.77%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial And Energy Technology | $3.13B | $2.63B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Oilfield Services And Equipment | $4.01B | $3.78B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Service | - | $2.42B | $2.54B | $2.60B | $2.52B | $2.23B | $2.38B | $2.29B | $2.23B | $2.03B | $2.23B | $2.11B | $2.06B | $1.85B | $1.89B | $1.76B | $1.87B | $2.34B | $2.54B | $2.54B |
| Product | - | $4.00B | $4.30B | $4.04B | $3.79B | $3.48B | $3.53B | $3.08B | $2.82B | $2.81B | $3.25B | $2.98B | $3.08B | $2.94B | $3.61B | $3.29B | $2.87B | $3.08B | $3.80B | $3.34B |
Baker Hughes Company's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Oilfield Services And Equipment (56.18%), and Industrial And Energy Technology (43.82%).
Baker Hughes Company Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Non-US | $18.95B | $16.21B | $16.00B | $16.07B | $17.65B |
| UNITED STATES | $6.56B | $4.94B | $4.50B | $4.64B | $6.19B |
Baker Hughes Company's latest annual revenue breakdown by geography, as of Dec 23: Non-US (74.29%), and UNITED STATES (25.71%).
Quarterly Revenue by Country
| Country | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $4.57B | $4.08B | $3.83B | $3.73B | $4.33B | $3.89B | $4.06B | $3.73B | $4.19B | $4.02B | $3.75B | $4.11B | $4.78B | $4.38B | $4.38B | $4.11B | $3.99B | $3.99B |
| UNITED STATES | $1.33B | $1.29B | $1.22B | $1.10B | $1.16B | $1.20B | $1.08B | $1.05B | $1.31B | $1.03B | $983.00M | $1.31B | $1.57B | $1.50B | $1.62B | $1.50B | $1.68B | $1.56B |
Baker Hughes Company's latest quarterly revenue breakdown by geography, as of Dec 22: Non-US (77.46%), and UNITED STATES (22.54%).
Baker Hughes Company Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SLB | Schlumberger | $33.13B | $9.14B |
| BKR | Baker Hughes Company | $25.51B | $7.14B |
| HAL | Halliburton Company | $23.02B | $5.83B |
| TS | Tenaris | $14.87B | $3.44B |
| NOV | NOV | $8.58B | $2.22B |
| FTI | TechnipFMC | $7.82B | $2.33B |
| WFRD | Weatherford | $5.13B | $1.41B |
| CHX | ChampionX | $3.76B | $893.27M |
| OII | Oceaneering | $2.42B | $668.81M |
| DNOW | NOW | $2.32B | $563.00M |
| VAL | Valaris | $1.78B | $610.10M |
| RES | RPC | $1.62B | $364.15M |
| XPRO | Expro Group | $1.51B | $469.64M |
| VTOL | Bristow Group | $1.23B | $338.09M |
| WHD | Cactus | $1.10B | $290.39M |
| TDW | Tidewater | $1.01B | $339.23M |
BKR Revenue FAQ
What is Baker Hughes Company’s yearly revenue?
Baker Hughes Company's yearly revenue for 2023 was $25.51B, representing an increase of 20.56% compared to 2022. The company's yearly revenue for 2022 was $21.16B, representing an increase of 3.02% compared to 2021. BKR's yearly revenue for 2021 was $20.54B, representing a decrease of -0.82% compared to 2020.
What is Baker Hughes Company’s quarterly revenue?
Baker Hughes Company's quarterly revenue for Q2 2024 was $7.14B, a 11.23% increase from the previous quarter (Q1 2024), and a 13.05% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $6.42B, a -6.10% decrease from the previous quarter (Q4 2023), and a 12.28% increase year-over-year (Q1 2023). BKR's quarterly revenue for Q4 2023 was $6.84B, a 2.92% increase from the previous quarter (Q3 2023), and a 15.75% increase year-over-year (Q4 2022).
What is Baker Hughes Company’s revenue growth rate?
Baker Hughes Company's revenue growth rate for the last 3 years (2021-2023) was 24.20%, and for the last 5 years (2019-2023) was 7.00%.
What are Baker Hughes Company’s revenue streams?
Baker Hughes Company's revenue streams in c 23 are Service, and Product. Service generated $9.89B in revenue, accounting 38.77% of the company's total revenue, up 10.86% year-over-year. Product generated $15.62B in revenue, accounting 61.23% of the company's total revenue, up 27.63% year-over-year.
What is Baker Hughes Company’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Baker Hughes Company was Product. This segment made a revenue of $15.62B, representing 61.23% of the company's total revenue.