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Baker Hughes, a GE Company (BHGE) LLC

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Baker Hughes, a GE Company (BHGE) LLC - Energy & Power showcase

Industry

Energy & Power

Services

TurboexpandersOilfield Chemicals
B

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Baker Hughes, a GE Company (BHGE) LLC Overview

Baker Hughes, a GE Company (BHGE) LLC is engaged in offering products and services across business segments that include oilfield services, oil equipment, turbomachinery & process solutions, and digital solutions. The turbomachinery & process solutions segment offers equipment and related services for mechanical-drive, compression, and power-generation applications across industry verticals such as oil & gas, energy, on- & off-shore, LNG, pipeline & gas storage, refining, petrochemical, distributed gas, and flow & process control, among others. This segment is a leader having expertise in designing, manufacturing, maintaining, and upgrading rotating equipment in oil & gas. The turbomachinery & process solutions segment is further sub-segmented into drivers, driven equipment, flow control, and turnkey solutions. The driver sub-segment comprises of aero-derivative gas turbines, heavy-duty gas turbines, small- to medium-sized industrial gas turbines, steam turbines, and hot gas and turboexpanders.

Turbomachinery & process solutions help Baker Hughes’ customers to maximize the production of upstream oil & gas production, liquefy natural gas, compress gas for transportation through pipelines, generate electricity, storage of gas and energy, refine oil & gas to produce petrochemicals and minimize operational as well as environmental risks in extreme conditions to gain maximum profits. The company focuses on differentiating their offerings through their expertise in technology & project management, its local presence gained through local partnerships, deep industry knowledge by having skilled employees, and advanced technological assets to design and manufacture their turbomachinery & process solutions. Baker Hughes operates through 120 countries other than the United States.

Strategy

Baker Hughes has a vast experience in the energy technology business with a diversified product portfolio of technologies and services. The company has its presence in over 120 countries worldwide. Baker Hughes strategizes its business around three growth aspects—the transformation of their core abilities for efficient products and services, integrated offerings, and improved total economy through result-oriented solutions, secondly technological advancements in functional capabilities through high investments in research & development, and lastly, to position itself as a leading energy technology company growing across its gas offerings, and new product developments aiming at lower carbon emissions.

Company Snapshot

$13.08M

Revenue

SWOT Analysis

Strengths

  • Diverse product portfolio
  • Technologically advanced facilities
  • Wide geographical presence
  • Reliable production capacity
  • High revenue growth
  • Focused research & development activities

Weaknesses

  • Concentrated on a single business segment
  • High operational cost
  • Decreasing current ratio

Opportunities

  • New product launches
  • Expansion to increase the business
  • Expansion of product portfolio through new market entrance
  • Strategic initiatives to expand global presence

Threats

  • Stiff competition
  • Economic instability
  • Varying environmental conditions
  • Fluctuating oil & natural gas prices
  • Intense market competition

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Key Developments

DateApproachDevelopment
August 2018ExpansionBaker Hughes bagged a development contract from the Vedanta Limited’s upstream subsidiary, Cairn Oil & Gas, to build around 300 new wells and install a chemical enhanced oil recovery program as it aims to increase its production capacity in Rajasthan, India.

Product Offering

  • Baker Hughes, a GE Company (BHGE) LLC
    • Turboexpanders
    • Oilfield Chemicals

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: SBU breakup-0 rose from USD 13.1 Bn in 2016 to USD 23.8 Bn in 2019.
Baker Hughes, a GE Company (BHGE) LLC — By Business Segment
Series (USD Bn)2016201720182019
SBU breakup-013.117.222.923.8

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