Baker Hughes's Corporate Customers have recorded an advance in their cost of revenue by 8.6 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 1.16 %. During the corresponding time, Baker Hughes Company recorded a revenue increase by 2.49 % year on year, sequentially revenue fell by -10.82 %. While revenue at the Baker Hughes Company's corporate clients recorded rose by 6.08 % year on year, sequentially revenue grew by 3.23 %.
Baker Hughes's Customers have recorded an advance in their cost of revenue by 8.6 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 1.16 %, for the same period Baker Hughes Company recorded revenue increase by 2.49 % year on year, sequentially revenue fell by -10.82 %.
Baker Hughes's Comment on Sales, Marketing and Customers
Baker Hughes provides products and services to customers in the industrial energy, oil and gas, liquefied natural gas (LNG), power generation, renewable energy, and emerging solutions markets. The company serves the upstream, midstream/LNG, and downstream sectors of the oil and gas industry, as well as new energy markets, the power and utilities sector, and various chemical and industrial segments. Key market segments include LNG, gas infrastructure, power generation, data centers, industrial manufacturing, and oilfield production. Baker Hughes invests strategically in hydrogen, carbon capture, utilization and storage (CCUS), geothermal, and clean power solutions to support energy systems that are affordable, secure, and lower in carbon emissions.
Baker Hughes Unveils CarbonEdge: A Digital Leap for CCUS Amid Mixed Financial Signals HOUSTON and LONDON, Sept. 12, 2024 Baker Hughes (NASDAQ: BKR), a leading energy technology firm, has launched CarbonEdge, an innovative end-to-end digital platform aimed at optimizing Carbon Capture, Utilization, and Storage (CCUS) operations. This cutting-edge solution is designed to mitigate risks, streamline reporting, and enhance operational performance for clients involved in CCUS projects.CarbonEdge, powered by Cordant, marks a significant advancement in digital technology for the energy sector, addressing the growing need for efficient management in an increasingly complex regulatory environment. With a comprehensi...
In an exciting development in the energy sector, energy technology giant Baker Hughes has announced a significant new project. The American multinational has clinched a deal to supply electric-driven liquefaction technologies to Cedar LNG in Canada, a pivotal undertaking that showcases their steadfast presence in the global energy market. The order was placed by Black and Veatch, a global engineering, construction, and consultancy leader, and registered in the first financial quarter of 2024.However, alongside this positive development, Baker Hughes and its corporate clients confronted multiple fiscal challenges in the final quarter of 2023. Of note was a 10% decline in costs of revenue compared to the same ...
Baker Hughes’s Comment on Sales, Marketing and Customers
Baker Hughes provides products and services to customers in the industrial energy, oil and gas, liquefied natural gas (LNG), power generation, renewable energy, and emerging solutions markets. The company serves the upstream, midstream/LNG, and downstream sectors of the oil and gas industry, as well as new energy markets, the power and utilities sector, and various chemical and industrial segments. Key market segments include LNG, gas infrastructure, power generation, data centers, industrial manufacturing, and oilfield production. Baker Hughes invests strategically in hydrogen, carbon capture, utilization and storage (CCUS), geothermal, and clean power solutions to support energy systems that are affordable, secure, and lower in carbon emissions.
Sources:
Baker Hughes Company’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Baker Hughes Company’s corporate clients.
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