Baker Hughes incorporated on November 3, 1986, is engaged in the oilfield services industry.
The Company is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world.
The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services.

The Company has 4 geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific.
The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.
The Company competes with Schlumberger, Halliburton, Weatherford International, National Oilwell Varco, Ecolab, Newpark Resources and FTS International.