Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 36

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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201 Completions, Intervention, and Measurements945 1,009 2,806 3,132 Production Solutions966 983 2,833 2,886 Subsea & Surface Pressure Systems771 921 2,347 2,538 Oilfield Services & Equipment3,636 3,963 10,752 11,757 Gas Technology Equipment1,687 1,281 4,767 4,030 Gas Technology Services803 697 2,147 2,002 Total Gas Technology2,490 1,978 6,914 6,032 Industrial Products511 520 1,444 1,492 Industrial Solutions288 257 819 783 Total Industrial Technology799 777 2,263 2,275 Climate Technology Solutions84 191 418 402 Industrial & Energy Technology3,374 2,945 9,595 8,708 Total$7,010 $6,908 $20,347 $20,465 Three Months Ended September 30,Nine Months Ended September 30,Oilfield Services & EquipmentGeographic Revenue2025202420252024North America$980 $971 $2,830 $2,984 Latin America603 648 1,810 1,948 Europe/CIS/Sub-Saharan Africa599 933 1,831 2,510 Middle East/Asia1,454 1,411 4,281 4,315 Oilfield Services & Equipment$3,636 $3,963 $10,752 $11,757 REMAINING PERFORMANCE OBLIGATIONSAs of September 30, 2025, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $35.3 billion. As of September 30, 2025, the Company expects to recognize revenue of approximately 60%, 74% and 90% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as the Company fulfills the related remaining performance obligations.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 19

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 14. SEGMENT INFORMATION

The