When was Baker Hughes founded?

Baker Hughes was founded in 1987 and raised its 1st funding round 21 years after it was founded.

Where is Baker Hughes located?

Baker Hughes is headquartered in Houston, United States. It is registered at Tanangervegen 501, 4056, TANANGER.

How many employees does Baker Hughes have?

As of Aug 31, 2026, the latest employee count at Baker Hughes is 68041.

Is Baker Hughes a funded company?

Baker Hughes is a funded company, having raised an undisclosed amount across 16 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Sep 26, 2008.

How much is Baker Hughes worth?

The last known valuation of Baker Hughes was $***** as of Jul 05, 2017.

When was the latest funding round of Baker Hughes?

Baker Hughes' latest funding was a $***** Grant (prize money) round on Jan 17, 2025, with participation from 1 investor.

What is the annual revenue of Baker Hughes?

Annual revenue of Baker Hughes is more than $1B as on Dec 31, 2022

Where does Baker Hughes rank among its competitors?

Baker Hughes ranks 2nd amongst 136 active competitors, of which 6 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Pantheon Resources, which secured $30M in Sep, 2025.

Who are the top competitors of Baker Hughes?

Baker Hughes' top competitors include S-Oil, ADES Group and Helix. Among them, Pantheon Resources secured the most recent funding round in September, 2025.

Baker Hughes - 2026 Company Profile, Funding, Competitors & Financials

Baker Hughes is an acquired company based in Houston (United States), founded in 1987. It operates as an Oil field services company. Baker Hughes has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 136 active competitors, including 6 funded and 34 that have exited. Its top competitors include companies like S-Oil, ADES Group and Helix.

Company Details

Oil field services company. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir services. It operates in over 90 countries. In 2023, the company recorded annual revenues of $22.04B and a net loss of $0.1B.

Website: www.bakerhughes.com/
Social
Part Of
Registered Address: Tanangervegen 501, 4056, TANANGER

Key Metrics

Founded Year

1987

Location

Houston, United States

Stage

Acquired

Latest Funding Round

Grant (prize money), Jan 17, 2025, $*****

Last Known Valuation

$***** as on Jul 05, 2017

Investors

General Electric & 3 more

Ranked

2^nd among 136 active competitors

Annual Revenue

$1B+ as on Dec 31, 2022

Employee Count

68,041 as on Aug 31, 2026

Investment & Acquisitions

Hydrostor & 31 more

Similar Companies

Deep Industries & 83 more

Exit Details

Acquired by SK Capital (Oct 01, 2020)

View Baker Hughes' full profile

Baker Hughes is associated with 17 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Oil & Gas Service, s.r.o. CIN: 28631056 , Czech Republic, Active	Jul 13, 2010	-	-
CATU s.r.o. CIN: 27491340 , Czech Republic, Active	Mar 14, 2006	-	-
Huge Asset Management, s.r.o. CIN: 27152936 , Czech Republic, Active	Jun 09, 2004	-	-
DRILLING SERVICES INTERNATIONAL, s.r.o. CIN: 26969246 , Czech Republic, Active	May 19, 2005	-	-
BJ management s.r.o. CIN: 26422271 , Czech Republic, Active	Dec 27, 2000	-	-
EMPT Digital Solutions s.r.o. CIN: 21112525 , Czech Republic, Active	Jan 10, 2024	-	-
London Bakery s.r.o. CIN: 17932998 , Czech Republic, Active	Jan 17, 2023	-	-
firma HUG s.r.o. CIN: 07704453 , Czech Republic, Active	Dec 06, 2018	-	-
HUGS Energy s.r.o. CIN: 07687621 , Czech Republic, Active	Nov 29, 2018	-	-
MIDR Consulting s.r.o. CIN: 06697593 , Czech Republic, Active	Dec 19, 2017	-	-
BAKER HUGHES NORGE AS CIN: 980353273 , Norway, Active	Nov 25, 1998	-	1026 (As on Dec 31, 2022)
Baker Hughes Holdings Llc CIN: 808362 , United States, Active		$1B+ (As on Dec 31, 2022)	12560 (As on Dec 31, 2023)	-
BAKER HUGHES A GE CO CIN: 1701605 , United States, Active		$1B+ (As on Dec 31, 2018)	58000 (As on Dec 31, 2023)	-
BAKER HUGHES OILFIELD SERVICES INDIA PRIVATE LIMITED CIN: U11200MH2007FTC171142 , India, Active	May 24, 2007	₹100 - ₹500 Cr (As on Mar 31, 2025)	49 (As on Aug 01, 2025)
BAKER HUGHES OILFIELD DIGITAL SOLUTIONS INDIA PRIVATE LIMITED CIN: U72200KL2007PTC020961 , India, Active	Jun 19, 2007	₹100 - ₹500 Cr (As on Mar 31, 2025)	-
HMH DRILLING ENGINEERING SERVICES OF INDIA PRIVATE LIMITED CIN: U01403TN2006PTC061388 , India, Active	Oct 27, 2006	0 - ₹10 Cr (As on Mar 31, 2025)	-
Baker Hughes Incorporated CIN: 760207995 , United States, Active	Dec 31, 1999	-	11706 (As on Dec 31, 2024)	-

Baker Hughes got acquired by SK Capital on Oct 01, 2020.

Click here to take a look at Baker Hughes's acquisition in detail

Baker Hughes has raised funding over 16 rounds. Its first funding round was on Sep 26, 2008. Its latest funding round was a Grant (prize money) round on Jan 17, 2025 for $*****. 1 investor participated in its latest round. Baker Hughes has 4 institutional investors.

Here is the list of recent funding rounds of Baker Hughes:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 17, 2025	1002969	Grant (prize money)	8236727	3751412	7108772	6964013
Jan 15, 2025	8809643	Grant (prize money)	2398586	8531069	9150182	OSTI
Dec 01, 2021	6591840	Grant (prize money)	9086230	2726256	2177620	Europa

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View details of Baker Hughes's funding rounds and investors

Baker Hughes' employee count trend

Baker Hughes has 68,041 employees as of Aug 26. Here is Baker Hughes's employee count trend over the years:

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Top competitors of Baker Hughes include S-Oil, ADES Group and Helix. Here is the list of Top 10 competitors of Baker Hughes, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	S-Oil 1976, Seoul (South Korea), Public	Diversified oil and gas midstream firm	-	-	60/100
2nd	Baker Hughes 1987, Houston (United States), Acquired	Oil field services company	-	General Electric, Europa & 2 others	65/100
3rd	ADES Group 2003, Al Khobar (Saudi Arabia), Public	Operator of offshore and onshore drilling rigs for oil and gas	-	Public Investment Fund, Gulf Capital	56/100
4th	Helix 1964, Houston (United States), Public	Company providing offshore energy services	-	Grey Mountain Partners	53/100
5th	Maurel & Prom 1891, Paris (France), Public	Operator of oil and gas exploration and production assets	-	Pertamina	53/100
6th	Well-Safe Solutions 1940, Johannesburg (South Africa), Series D	Provider of well life cycle management services	$184M	MW&L Capital Partners, Scottish Enterprise ... & 3 others	53/100
7th	Pantheon Resources 2005, London (United Kingdom), Public	Developer of Alaskan oil and gas resources	-	-	50/100
8th	Mexco Energy 1978, Midland (United States), Public	Developer of oil and gas properties, focusing on natural gas reserves	-	-	50/100
9th	Gastrade Marousi (Greece), Series A	Vertically integrated gas company	-	DESFA, DEPA & 2 others	49/100
10th	Deep Industries 1991, Ahmedabad (India), Public	Provider of natural gas compressor, production and other services	-	-	48/100

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Baker Hughes has made 15 investments in companies including Hydrostor and HIF Global. Baker Hughes has also acquired 17 companies including Chart Industries and Continental Disc.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 13, 2026	Investments	Hydrostor	2010	Toronto (Canada)
Jul 29, 2025	Acquisition	Chart Industries	1859	Canton (United States)
Jun 16, 2025	Acquisition	Continental Disc	1997	United States