Company Directory - Baker Hughes Inc.
Company Details - Baker Hughes Inc.
Baker Hughes Inc.
WebsiteISIN: US0572241075
An international industrial service company offering products and services for the oil and natural gas industry, Baker Hughes Inc. specializes in various sectors including drilling, evaluation, completion, and production, along with providing advanced technologies and solutions for energy efficiency and sustainability.
CCI Score
CCI Score: Baker Hughes Inc.
10.54
-0.01%
Latest Event
Baker Hughes 2024 Political Contributions Overview
OpenSecrets data indicates that Baker Hughes Inc. contributed $95,278 in the 2024 cycle and did not engage in any lobbying or outside spending, reflecting a limited direct political influence.
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SABOTEUR
Baker Hughes Inc. is currently rated as a Saboteur.
Latest Events
- FEB062025
OpenSecrets data indicates that Baker Hughes Inc. contributed $95,278 in the 2024 cycle and did not engage in any lobbying or outside spending, reflecting a limited direct political influence.
+20
Political Contributions and Lobbying Efforts
April 9
Baker Hughes Inc.'s reported figures—$95,278 in political contributions alongside zero lobbying expenditure during the 2024 cycle—suggest a restrained approach to influencing political processes. In an era of heightened concern over corporate involvement in politics, especially regarding authoritarian or far‐right agendas, this modest level of engagement is seen as a positive indicator from an anti-fascist perspective.
- DEC312024
Baker Hughes Inc. disclosed $100,000 in lobbying expenditures from Q4 2024 on issues such as LNG, energy technologies, carbon capture, hydrogen, and tax matters, as reported in a recent Lobbying Disclosure Act filing.
-20
Political Contributions and Lobbying Efforts
April 9
The disclosed $100,000 lobbying expenditure reflects Baker Hughes’ active effort to influence policy on energy and tax issues. Such corporate political engagement often serves to protect industry interests over public and environmental welfare, aligning with authoritarian corporate practices. This action thus merits a negative score under Political Contributions and Lobbying Efforts.
Lobbying Update: $100,000 of BAKER HUGHES COMPANY lobbying was just disclosed
- DEC312024
A Lobbying Disclosure Act filing revealed that Baker Hughes spent $100,000 on lobbying efforts during Q4 2024, targeting issues such as LNG, energy technologies, carbon capture, hydrogen, and taxation, among others.
-40
Political Contributions and Lobbying Efforts
April 9
Baker Hughes disclosed $100,000 in lobbying expenditures during Q4 2024, which indicates deliberate efforts to influence policy on a wide range of energy and tax issues. From an anti-fascist perspective, corporate lobbying of this nature tends to prioritize corporate interests over public mandates and democratic accountability, undermining genuine public debate and worker rights.
Lobbying Update: $100,000 of BAKER HUGHES COMPANY lobbying was just disclosed
- DEC312023
The 2023 Political Contributions Report from Baker Hughes revealed that the company made no direct corporate political contributions or independent political expenditures during the reporting period, though it did pay membership dues to trade organizations such as the American Petroleum Institute, American Fuel and Petrochemical Manufacturers, and CO2EFFICIENT, LLC.
-20
Political Contributions and Lobbying Efforts
April 9
Baker Hughes’ report shows an avoidance of direct corporate political contributions and independent expenditures, which is commendable from an anti-authoritarian perspective. However, the company still channels funds to industry trade organizations (e.g., a payment of $87,500 to the American Petroleum Institute) that likely support lobbying activities. These indirect contributions can help influence policy in ways that may reinforce fossil fuel interests and undermine progressive reforms, thereby earning a moderate negative score.
- SEP112022
An investigation revealed that Baker Hughes, through its UK arm, exported drilling equipment to Russia on 11 September 2022 despite ministerial calls to cease trade with the country. Critics argue that these exports, worth around £21m, helped support Russian energy projects tied to the Arctic LNG 2 project, thereby indirectly contributing to the regime’s war efforts.
-30
Public and Political Behavior
April 9
Baker Hughes' decision to proceed with exports despite clear governmental appeals to halt trading with Russia reflects a disregard for public political pressures aimed at isolating an authoritarian regime. This undermines efforts to prevent economic support to actors linked to aggressive war efforts.
-40
Economic Collaboration
April 9
The export of drilling equipment to a contractor on the Arctic LNG 2 project is indicative of economic collaboration with a regime known for authoritarian practices. Such transactions, even if legally compliant, provide material support to an economy that fuels war efforts, raising serious ethical concerns.
- SEP012022
Baker Hughes has reaffirmed its commitment to ethical supply chain management by emphasizing its longstanding Supplier Code of Conduct, which incorporates strict standards for labor relations and human rights. Amid global supply chain disruptions, the company showcased its efforts during its 2022 hybrid supplier conference, highlighting the importance of resilience and sustainable practices across its 9,000 suppliers.
+70
Labor Relations and Human Rights Practices
April 9
Baker Hughes' adherence to a Supplier Code of Conduct that emphasizes robust labor relations and upholding human rights demonstrates a significant commitment to protecting worker rights, aligning with anti-fascist values and progressive labor practices.
+75
Supply Chain Ethics
April 9
The company’s proactive strategy to build supply chain resilience, as evidenced by its annual supplier conference and expanded virtual participation, highlights a strong commitment to ethical supply chain practices. This initiative supports transparency and sustainability, reinforcing their stance against exploitative practices.
- SEP012022
In September 2022, Baker Hughes released its Integrity Guide for Suppliers, Contractors, and Consultants to reinforce commitments to fair business practices, human rights, labor rights, diversity, environmental stewardship, and ethical supply chain management.
+80
Labor Relations and Human Rights Practices
April 9
The Integrity Guide lays out comprehensive standards for fair employment practices, prohibition of forced labor, and respect for human rights, promoting ethical labor relations and aligning with anti-authoritarian and anti-fascist principles.
PDF Baker Hughes Integrity Guide for Suppliers, Contractors, and Consultants
+70
Supply Chain Ethics
April 9
The guide specifies rigorous supply chain ethics measures such as conflict-free sourcing, adherence to legal standards in materials, and sustainability commitments, highlighting the company’s dedication to ethical business practices and responsible procurement.
PDF Baker Hughes Integrity Guide for Suppliers, Contractors, and Consultants
- JUL292022
Baker Hughes published its Modern Slavery Statement, detailing its commitment to combating modern slavery, forced labor, and human trafficking across its operations and supply chain for the fiscal year ended 2021, and approved by the Board on July 29, 2022.
+70
Labor Relations and Human Rights Practices
April 9
The statement outlines strong labor rights practices by explicitly prohibiting slavery, forced labor, child labor, and human trafficking, demonstrating Baker Hughes' commitment to protecting worker rights and ensuring ethical treatment within its operations and supply chain.
+70
Supply Chain Ethics
April 9
Baker Hughes' Modern Slavery Statement provides comprehensive guidelines for supplier integrity, including mandatory audits, risk assessments, and strict adherence to labor laws, reflecting a proactive stance on maintaining ethical supply chain practices.
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Corporate Financials
- Revenue
- 2022
- $23.39B
- Total Assets
- 2022
- $34.00B
- Operating Income
- 2022
- $2.12B
- Total Equity
- 2022
- $13.50B
Industries
- 213112
- Support Activities for Oil and Gas Operations
- 333132
- Oil and Gas Field Machinery and Equipment Manufacturing
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas
- 541330
- Engineering Services