Baker Hughes, headquartered in Houston, Texas, is an American multinational oilfield services company. It is one of the world's largest providers of products and services to the energy industry. The company was originally founded in 1907 as Baker Oil Tools by R.

C. Baker. Over the years, it went through various mergers and acquisitions, with the most significant being the merger with Hughes Tool Company in 1987 to form Baker Hughes Incorporated.

In 2017, General Electric (GE) acquired a majority stake in Baker Hughes, creating a new company called Baker Hughes, a GE Company (BHGE). However, in 2020, GE sold its stake, and Baker Hughes returned to being an independent company. Baker Hughes offers a wide range of products and services including drilling services, formation evaluation, completion products, wellbore intervention, artificial lift, and oilfield software solutions.

The company operates globally, with operations in over 120 countries. It has major subsidiaries including BJ Services, a hydraulic fracturing and cementing services provider, and OFS International, a provider of tubular services and solutions. In terms of market position, Baker Hughes is a significant player in the oilfield services industry.

It competes with other major companies such as Schlumberger and Halliburton. In terms of global sales, it consistently ranks among the top players in the industry. Baker Hughes has achieved significant milestones and made notable changes in its strategy over the years.

In recent years, the company has focused on digital transformation and developing advanced technologies for the energy industry. It has also actively pursued partnerships and collaborations with other industry leaders to drive innovation. As of the latest available information up to date, Baker Hughes operates as an independent company after GE sold its stake.

The company continues to innovate and provide solutions to the energy industry, leveraging its expertise and global reach. With a strong market position and a commitment to technological advancement, Baker Hughes remains a key player in the oilfield services sector