Baker Hughes Company (BKR), based in Houston, Texas, is one of the world's largest oilfield service providers. Valued at $32.31 billion by market cap, it offers a broad portfolio of technologies and services across the global energy and industrial value chains. The company operates through two main segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). Serving a diverse range of clients, Baker Hughes supports various sectors from upstream to downstream, onshore to offshore, and businesses of all sizes.
Baker Hughes has underperformed the broader market over the past year. The stock has gained 12.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.9%. In 2024, BKR stock is down 5.3%, while the SPX is up 11.2% on a YTD basis.
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