# EDGAR Filing Document

**Accession Number:** 0001701605
**File Stem:** 0001193125-26-230996
**Filing Date:** 2026-5
**Character Count:** 27409
**Document Hash:** ee2276dd67a6dfdb8ec5836fe27d39da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-230996.hdr.sgml**: 20260519

**ACCESSION NUMBER**: 0001193125-26-230996

**CONFORMED SUBMISSION TYPE**: S-8 POS

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20260519

**DATE AS OF CHANGE**: 20260519

**EFFECTIVENESS DATE**: 20260519

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Baker Hughes Co
- **CENTRAL INDEX KEY:** 0001701605
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 814403168
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8 POS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-256119
- **FILM NUMBER:** 26999897

**BUSINESS ADDRESS:**
- **STREET 1:** 575 NORTH DAIRY ASHFORD ROAD, SUITE 100
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079-1121
- **BUSINESS PHONE:** 713-439-8600

**MAIL ADDRESS:**
- **STREET 1:** 575 NORTH DAIRY ASHFORD ROAD, SUITE 100
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079-1121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Baker Hughes a GE Co
- **DATE OF NAME CHANGE:** 20170703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bear Newco, Inc.
- **DATE OF NAME CHANGE:** 20170321

**As filed with the Securities and Exchange Commission on May 19, 2026** 

**Registration No. 333-256119** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**POST-EFFECTIVE AMENDMENT NO. 1** 

**TO** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## BAKER HUGHES COMPANY
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **81-4403168** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |
| **575 N. Dairy Ashford Rd., Suite 100**<br> **Houston, Texas** | **77079-1121** |
| **(Address of principal executive offices)** | **(Zip code)** |

---

**Baker Hughes Company 2021 Long-Term Incentive Plan** 

**Amended and Restated Baker Hughes Company Employee Stock Purchase Plan** 

**Baker Hughes Company 2026 Long-Term Incentive Plan** 

**Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan** 

**(Full titles of the Plans)** 

**Fernando Contreras** 

**Vice President, Chief Compliance Officer and Corporate Secretary** 

**Baker Hughes Company** 

**575 N. Dairy Ashford Rd., Suite 100** 

**Houston, Texas 77079-1121** 

**(Name and address of agent for service)** 

**+1 713-439-8600** 

**(Telephone number, including area code, of agent for service)** 

***With copies to:***

**Lillian Tsu** 

**Cleary Gottlieb Steen & Hamilton LLP** 

**One Liberty Plaza** 

**New York, New York 10006** 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ |  |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

Baker Hughes Company (the "<u>Registrant</u>") previously filed with the Securities and Exchange Commission (the "<u>Commission</u>") a Registration Statement on Form S-8 (File No. 333-256119) on May 14, 2021 (the "<u>Prior Registration Statement</u>") to register (i) 29,500,000 shares of its Class A common stock, par value $0.0001 per share (the "<u>Common</u> <u>Stock</u>"), for offer or sale under the Baker Hughes Company 2021 Long-Term Incentive Plan (the "<u>2021</u> <u>LTIP</u>") and (ii) 6,500,000 shares of Common Stock for offer or sale under the Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (the "<u>2021 ESPP</u>").

On May 19, 2026, the shareholders of the Registrant approved (a) the Baker Hughes Company 2026 Long-Term Incentive Plan (the "<u>2026 LTIP</u>") and (b) the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (the "<u>ESPP</u>").

The 2026 LTIP replaced and succeeded the 2021 LTIP and, in connection therewith, no further awards will be made under the 2021 LTIP as of and following May 19, 2026. Pursuant to the terms of the 2026 LTIP, the aggregate number of shares of Common Stock available for issuance under the 2026 LTIP includes the number of shares of Common Stock that remained available for future awards under the 2021 LTIP as of March 16, 2026 *plus* 9,500,000 newly authorized shares, adjusted to reflect shares of Common Stock that may become issuable under the 2021 LTIP pursuant to Rule 424 of the Securities Act of 1933, as amended (the "<u>Securities Act</u>"). As of March 16, 2026, a total of approximately 15,261,412 shares of Common Stock previously registered under the Prior Registration Statement remained available for issuance under the 2021 LTIP (the "<u>Carryover LTIP Shares</u>"). In addition, as of March 16, 2026, a total of approximately 4,908,532 shares of Common Stock previously registered under the Prior Registration Statement remained available for issuance under the 2021 ESPP (the "<u>Carryover ESPP Shares</u>", and together with the Carryover LTIP Shares, the "<u>Carryover Shares</u>").

Accordingly, the Registrant is filing this Post-Effective Amendment No. 1 to the Prior Registration Statement (this "<u>Post-Effective Amendment</u>") to register the offer and issuance of the Carryover LTIP Shares under the 2026 LTIP (as such shares are no longer issuable under the 2021 LTIP) and the Carryover ESPP Shares under the ESPP (as such shares are now issuable under the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan). The Registrant incorporates the contents of the Prior Registration Statement herein by reference, except to the extent supplemented, amended or superseded by the information set forth herein or the specific exhibits attached hereto.

For the avoidance of doubt, the Registrant is not registering any additional shares of Common Stock on this Post-Effective Amendment that were not previously registered on the Prior Registration Statement. Prior to the filing of this Post-Effective Amendment, the Registrant filed a new Registration Statement on Form S-8 to register (i) 9,500,000 newly authorized shares of Common Stock for offer or sale under the 2026 LTIP and (ii) 9,500,000 newly authorized shares of Common Stock for offer or sale under the ESPP.

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

The information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this Post-Effective Amendment in accordance with Rule 428 under the Securities Act, and the "Note" to Part I of Form S-8. The document containing the information specified in Part I will be delivered to the participants in the plans covered by this Post-Effective Amendment, namely the 2021 LTIP, the 2026 LTIP, the 2021 ESPP and the ESPP (collectively, the "<u>Plans</u>"), as required by Rule 428(b)(1). In accordance with the rules and regulations of the Commission and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Post-Effective Amendment or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.

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**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The following documents, as filed by the Registrant with the Commission, are incorporated as of their respective dates in the Registration Statement by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Registrant's Annual Report on [<u>Form 10-K</u>](http://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm) for the fiscal year ended December 31, 2025, filed on February 5, 2026 (File No. 001-38143);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the " <u>Exchange Act</u> "), since December 31, 2025 (other than portions of these documents not deemed to be filed); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the description of the Common Stock contained in [<u>Exhibit 4.13</u>](http://www.sec.gov/Archives/edgar/data/1701605/000170160523000044/fy22form10-kexhibit410.htm) to the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 5, 2026 (File No. 001-38143), including any amendments or reports filed for the purpose of updating such description.

All other documents subsequently filed by the Registrant pursuant to Section 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents, except as to specific sections of such documents as set forth therein. Unless expressly incorporated into this Registration Statement, a report furnished on Form 8-K prior or subsequent to the filing of this Registration Statement shall not be deemed incorporated by reference into this Registration Statement.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.** 

Not applicable.

**Item 5. Interests of Named Experts and Counsel.** 

Not applicable.

**Item 6. Indemnification of Directors and Officers.** 

The Registrant's certificate of incorporation and bylaws contain provisions indemnifying its directors and officers to the fullest extent permitted by law. Section 145 of the Delaware General Corporation Law provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a director, officer, employee or agent to the Registrant. The Delaware General Corporation Law provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise. The Registrant has entered into indemnification agreements with each of its directors and executive officers which, in some cases, may be broader than the specific indemnification provisions contained under Delaware

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law. These agreements provide that the Registrant will indemnify such persons against certain liabilities that may arise by reason of their status or service as directors or officers, to advance their expenses incurred as a result of a proceeding as to which they may be indemnified and to cover such persons under any directors' and officers' liability insurance policy the Registrant chooses to maintain.

In addition, as permitted by Section 102(b)(7) of the Delaware General Corporation Law, the Registrant's certificate of incorporation provides that no director will be liable to the Registrant or its stockholders for monetary damages for breach of fiduciary duty as a director. The effect of this provision is to restrict the Registrant's rights and the rights of its stockholders in derivative suits to recover monetary damages against a director for breach of fiduciary duty as a director, except that a director will be personally liable for: (a) any breach of his or her duty of loyalty to the Registrant or its stockholders; (b) acts or omissions not in good faith which involve intentional misconduct or a knowing violation of law; (c) the payment of dividends or the redemption or purchase of stock in violation of Delaware law; or (d) any transaction from which the director derived an improper personal benefit. This provision does not affect a director's liability under the federal securities laws. To the extent the Registrant's directors, officers and controlling persons are indemnified under the provisions contained in the Registrant's certificate of incorporation, the Registrant's bylaws, Delaware law or contractual arrangements against liabilities arising under the Securities Act, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

The Registrant maintains standard policies of insurance under which coverage is provided (a) to its directors and officers against loss arising from claims made by reason of breach of duty or other wrongful act, and (b) to the Registrant with respect to payments which may be made by the Registrant to such officers and directors pursuant to the above indemnification provision or otherwise as a matter of law.

**Item 7. Exemption from Registration Claimed.** 

Not applicable.

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description of Document** |
| 4.1 | [Baker Hughes Company 2021 Long-Term Incentive Plan (incorporated herein by reference to Exhibit 4.1 to the Prior Registration Statement (File No. 333-256119))](http://www.sec.gov/Archives/edgar/data/1701605/000095010321007221/dp150989_ex0401.htm) |
| 4.2 | [Baker Hughes Company 2026 Long-Term Incentive Plan (incorporated herein by reference to Exhibit 4.1 to the Registration Statement on Form S-8 filed with the Commission on May 19, 2026 (File No. 333-296021))](http://www.sec.gov/Archives/edgar/data/1701605/000119312526230736/d68027dex41.htm) |
| 4.3 | [Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (incorporated herein by reference to Exhibit 4.2 to the Prior Registration Statement (File No. 333-256119))](http://www.sec.gov/Archives/edgar/data/1701605/000095010321007221/dp150989_ex0402.htm) |
| 4.4 | [Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (incorporated herein by reference to Exhibit 4.2 to the Registration Statement on Form S-8 filed with the Commission on May 19, 2026 (File No. 333-296021))](http://www.sec.gov/Archives/edgar/data/1701605/000119312526230736/d68027dex42.htm) |
| 5.1\* | [Opinion of Cleary Gottlieb Steen & Hamilton LLP](d91125dex51.htm) |
| 5.2 | [Opinion of Davis Polk & Wardwell LLP (incorporated herein by reference to Exhibit 5 to the Prior Registration Statement (File No. 333-256119))](http://www.sec.gov/Archives/edgar/data/1701605/000095010321007221/dp150989_ex5.htm) |
| 23.1\* | [Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.1)](d91125dex51.htm) |
| 23.2\* | [Consent of KPMG LLP](d91125dex232.htm) |
| 23.3 | [Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.2)](http://www.sec.gov/Archives/edgar/data/1701605/000095010321007221/dp150989_ex5.htm) |
| 24 | [Power of Attorney (included in the signature pages hereto)](#sig) |

---

\* Filed herewith

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**Item 9. Undertakings.** 

A. The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this
Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in the Registration Statement;

*provided, however,* that paragraphs (A)(1)(i) and (A)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering.

B. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

C. The undersigned Registrant further undertakes that, insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, Texas on May 19, 2026.

---

| | |
|:---|:---|
| BAKER HUGHES COMPANY | BAKER HUGHES COMPANY |
| By: | /s/ Fernando Contreras |
| Name: | Fernando Contreras |
| Title: | Vice President, Chief Compliance Officer and Corporate Secretary |

---

**POWER OF ATTORNEY** 

Each person whose signature appears below hereby constitutes and appoints, Georgia Magno, Fernando Contreras, and Mitchell Athey, each of them severally, his or her true and lawful attorneys-in-fact and agents, each of whom may act alone, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to sign any related registration statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents of any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment has been signed by the following persons in the capacities indicated on the 19<sup>th</sup> day of May, 2026.

---

| | |
|:---|:---|
| Signature | Title |
| /s/ Lorenzo Simonelli | President, Chief Executive Officer and Chairman<br> (*Principal Executive Officer*) |
| Lorenzo Simonelli |  |
| /s/ Ahmed Moghal | Executive Vice President and Chief Financial Officer<br> (*Principal Financial Officer*) |
| Ahmed Moghal |  |
| /s/ Rebecca Charlton | Senior Vice President, Controller & Chief Accounting Officer<br> (*Principal Accounting Officer*) |
| Rebecca Charlton |  |
| /s/ Abdulaziz M. Al Gudaimi | Director |
| Abdulaziz M. Al Gudaimi |  |
| /s/ W. Geoffrey Beattie | Director |
| W. Geoffrey Beattie |  |
| /s/ Gregory D. Brenneman | Director |
| Gregory D. Brenneman |  |
| /s/ Cynthia B. Carroll | Director |
| Cynthia B. Carroll |  |

---

------

---

| | |
|:---|:---|
| Signature | Title |
| /s/ Michael R. Dumais | Director |
| Michael R. Dumais |  |
| /s/ Shirley A. Edwards | Director |
| Shirley A. Edwards |  |
| /s/ Ilham Kadri | Director |
| Ilham Kadri |  |
| /s/ John G. Rice | Director |
| John G. Rice |  |
| /s/ Mohsen M. Sohi | Director |
| Mohsen M. Sohi |  |

---

## Exhibit 5.1

**Exhibit 5.1**![LOGO](g91125dsp08.jpg)

May 19, 2026

Baker Hughes Company

575 North Dairy Ashford Road, Suite 100

Houston, Texas, 77079-1121

Re: <u>Baker Hughes Company Post-Effective Amendment No.</u> <u>1 to Registration Statement on Form S-8 (File No.</u> <u>333-256119)</u>

Ladies and Gentlemen:

We have acted as counsel to Baker Hughes Company, a Delaware corporation (the "<u>Company</u>"), in connection with Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 (File No. 333-256119) (the "<u>Post-Effective Amendment</u>") to be filed today with the Securities and Exchange Commission (the "<u>Commission</u>") pursuant to the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), covering (i) approximately 15,261,412 shares of the Company's Class A common stock, par value $0.0001 per share (the "<u>LTIP</u> <u>Shares</u>"), previously registered under the Registration Statement on Form S-8 (File No. 333-256119) (the "<u>Prior Registration Statement</u>") and now issuable under the Baker Hughes Company 2026 Long-Term Incentive Plan (the "<u>2026 LTIP</u>"), and (ii) approximately 4,908,532 shares of Common Stock (the "<u>ESPP Shares</u>", and together with the LTIP Shares, the "<u>Shares</u>") previously registered under the Prior Registration Statement and now issuable under the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (the "<u>ESPP</u>", and together with the 2026 LTIP, the "<u>Plan</u><u>s</u>").

We have participated in the preparation of the Post-Effective Amendment and have reviewed the originals or copies certified or otherwise identified to our satisfaction of all such corporate records of the Company and such other instruments and other certificates of public officials, officers and representatives of the Company and such other persons, and we have made such investigations of law, as we have deemed appropriate as a basis for the opinion expressed below.

In rendering the opinion expressed below, we have assumed the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies. In addition, we have assumed and have not verified the accuracy as to factual matters of each document we have reviewed.

![LOGO](g91125dsp08a.jpg)

------

Based on the foregoing, and subject to the further assumptions and qualifications set forth below, it is our opinion that the Shares have been duly authorized by all necessary corporate action of the Company and, when issued in accordance with the terms of the Plans, at prices not less than the par value thereof, will be validly issued, fully paid and non-assessable.

The foregoing opinion is limited to the General Corporation Law of the State of Delaware.

We hereby consent to the use of this opinion as a part (Exhibit 5.1) of the Post-Effective Amendment. In giving such consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission thereunder. The opinion expressed herein is rendered on and as of the date hereof, and we assume no obligation to advise you, or to make any investigations, as to any legal developments or factual matters arising subsequent to the date hereof that might affect the opinion expressed herein.

---

| | |
|:---|:---|
| Very truly yours,<br> Cleary Gottlieb Steen & Hamilton LLP | Very truly yours,<br> Cleary Gottlieb Steen & Hamilton LLP |
| By: | /s/ Lillian Tsu |
|  | Lillian Tsu, a Partner |

---

## Exhibit 23.2

**Exhibit 23.2** 

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| | |
|:---|:---|
| ![LOGO](g91125dsp10.jpg) <br>| <br> KPMG LLP<br> 811 Main Street |
|  | Houston, TX 77002 |

---

**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our reports dated February 5, 2026, with respect to the consolidated financial statements of Baker Hughes Company, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

/s/ KPMG LLP

Houston, Texas

May 19, 2026

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of

the KPMG global organization of independent member firms affiliated with KPMG

International Limited, a private English company limited by guarantee.