Baker Hughes’ Winning Tech Bet Leaves Peers to Play Catch-Up
A Baker Hughes worker conducts a wireline survey on a natural gas rig near Burleson, Texas, in 2009.
Photographer: Matt Nager/Bloomberg
Baker Hughes Co. is leaning into its industrial and energy technology business, and it’s paying off – in a major way.
Since closing its merger with General Electric Co.’s oil and gas unit eight years ago, the company stands as the only one of the big three oil service providers to show growth in total shareholder returns in that time.