Energy equipment and services
Baker Hughes Company
Baker Hughes sells oilfield equipment and services, gas turbines and compression systems, and industrial technologies to oil and gas producers and industrial customers. It relies on GE companies for gas-turbine and aeroderivative technology and expanded into gas and liquid handling and thermal-management equipment through the acquisition of Chart Industries.
BKR Updated Sep 11, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Baker Hughes Company is directly linked to 4 companies (2 supply, 2 revenue relationships) and reaches 12 companies within two hops; the links are backed by 6 dated sources, 1 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total revenue of $27.733 billion
- Segments · Oilfield Services & Equipment · Industrial & Energy Technology
Revenue from
- ExxonMobil High confidence
ExxonMobil Guyana awarded Baker Hughes a multi-year contract for production chemicals and related services for the Uaru and Whiptail offshore developments. The contract value was not disclosed.Confirms EN Baker Hughes Published Feb 3, 2025: Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for FPSOs - Chevron Corporation High confidence
Chevron Australia awarded Baker Hughes contracts for subsea production systems and well-completion equipment for the second phase of the Gorgon development. The contract value was not disclosed.Confirms EN Baker Hughes Published Jun 25, 2018: BHGE Awarded Subsea and Well Completions Equipment Contracts
Pays to
- GE Vernova High confidence
Baker Hughes maintains a heavy-duty gas-turbine supply agreement and an aeroderivative technology supply and development agreement with GE Vernova. Payments were not disclosed. - GE Aerospace High confidence
Baker Hughes maintains a long-term contractual framework with GE Aerospace for aeroderivative technology and related intellectual property. Payments were not disclosed.
Investments
- Chart Industries, Inc. High confidence· Contract value $13.6B · agreement announced 2025-07-29; transaction closed 2026-07-16 · Enterprise value under the agreement to acquire Chart Industries
Baker Hughes agreed to acquire Chart Industries at a $13.6 billion enterprise value in 2025 and completed the transaction in July 2026. Chart's gas and liquid handling and thermal-management capabilities now form a new operating segment.Confirms EN Baker Hughes Published Jul 16, 2026: Baker Hughes Completes Acquisition of Chart IndustriesConfirms KO Korea Hydrogen Alliance Published Jul 31, 2025: Korea Hydrogen Alliance Daily Hydrogen Issue Briefing: July 31, 2025Confirms EN Hargreaves Lansdown Share Research Published Jul 30, 2025: Baker Hughes: $13.6bn Agreement to Acquire Chart Industries
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| CF Industries | lead2 | +87.2 | +22.3 | -4.7 | +10.1 | -7.2 | +74.9 |
| Chubu Electric Power Co. | lead2 | -6.9 | +26.2 | +41.4 | -12.8 | +43.8 | +31.9 |
| Linde | lead2 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +13.1 |
| O’Reilly Automotive | lead2 | +56 | +19.5 | +12.6 | +24.8 | +15.4 | -3.6 |
| Tokyo Electric Power Company Holdings, Incorporated | lead2 | -23.7 | +58.5 | +62.5 | -48.1 | +42 | -4.5 |
| Chevron Corporation | lead1 | +46.2 | +58.5 | -13.6 | +1.3 | +10.1 | +40.7 |
| ExxonMobil | lead1 | +57.6 | +87.4 | -6.3 | +11.3 | +16 | +35.2 |
| Baker Hughes Company | node | +19 | +26 | +18.6 | +23.1 | +13.4 | +40.9 |
| GE Vernova | benef1 | · | · | · | · | +99 | +44.4 |
| GE Aerospace | benef1 | +9.7 | -10.9 | +95.7 | +64.8 | +85.7 | +9.7 |
| Howmet Aerospace | benef2 | +11.7 | +24.2 | +37.8 | +102.7 | +88 | +26.7 |
| Workday, Inc. | benef2 | +14 | -38.7 | +65 | -6.5 | -16.8 | -8.8 |
| D-Wave Quantum | benef2 | · | -85.3 | -38.9 | +854.5 | +211.3 | -36.6 |
YTD as of 2026-09-04 · source: Yahoo Finance
Baker Hughes Company operates across Energy equipment and services. It stayed steadily positive in recent years and is +40.9% in 2026. Demand side (avg +38%), the stock (+40.9%) and supply side (avg +27.1%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is GE Vernova (+44.4%) and the furthest behind is GE Aerospace (+9.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It relies on GE companies for gas-turbine and aeroderivative technology and expanded into gas and liquid handling and thermal-management equipment through the acquisition of Chart Industries.
Analysis generated from returns as of 2026-09-04