Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 29

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
ree Months Ended June 30,Six Months Ended June 30,Total Revenue2025202420252024Well Construction$921 $1,090 $1,812 $2,151 Completions, Intervention, and Measurements935 1,118 1,861 2,123 Production Solutions968 958 1,867 1,903 Subsea & Surface Pressure Systems793 845 1,576 1,617 Oilfield Services & Equipment3,617 4,011 7,116 7,794 Gas Technology Equipment1,624 1,539 3,080 2,749 Gas Technology Services752 691 1,344 1,305 Total Gas Technology2,377 2,230 4,424 4,054 Industrial Products488 509 933 971 Industrial Solutions273 262 531 526 Total Industrial Technology761 770 1,464 1,498 Climate Technology Solutions156 128 334 211 Industrial & Energy Technology3,293 3,128 6,221 5,763 Total$6,910 $7,139 $13,337 $13,557 Three Months Ended June 30,Six Months Ended June 30,Oilfield Services & EquipmentGeographic Revenue2025202420252024North America$928 $1,023 $1,849 $2,013 Latin America639 663 1,207 1,300 Europe/CIS/Sub-Saharan Africa653 827 1,232 1,577 Middle East/Asia1,398 1,498 2,827 2,903 Oilfield Services & Equipment$3,617 $4,011 $7,116 $7,794 REMAINING PERFORMANCE OBLIGATIONSAs of June 30, 2025, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $34 billion. As of June 30, 2025, the Company expects to recognize revenue of approximately 60%, 73% and 89% 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 202