Baker Hughes Company - Common Stock (BKR)
Competitors to Baker Hughes Company - Common Stock (BKR)
Halliburton Company HAL -12.33%
Halliburton is one of the largest providers of products and services to the energy sector, primarily focusing on well construction and completion. The company competes with Baker Hughes by having a strong presence in North America and a diverse portfolio that includes completion services, hydrocarbon production, and consulting services. Halliburton's large-scale operations and client base provide it with a competitive advantage in terms of economies of scale and established relationships with major oil companies.
National Oilwell Varco, Inc. NOV -11.60%
National Oilwell Varco (NOV) competes with Baker Hughes primarily in the field of equipment and technology for oil and gas drilling. NOV specializes in providing the rig systems and equipment used in drilling operations, including fluid control and safety systems. While Baker Hughes focuses more on service and technology applications for production optimization, NOV's competitive advantage lies in its manufacturing capabilities and robust supply chain, making it a key player in the drilling segment.
Oceaneering International, Inc. OII -12.55%
Oceaneering specializes in subsea engineering and robotics services primarily for the energy sector. Competing with Baker Hughes, Oceaneering focuses on niche markets such as deepwater exploration and subsea technologies rather than the broad oilfield services offered by Baker Hughes. The company's strong expertise in ROV (remotely operated vehicle) technology gives it a competitive advantage in offering specialized subsea solutions, which can partially overlap with Baker Hughes' services in certain offshore projects.
Schlumberger Limited SLB -6.51%
Schlumberger is a leading provider of technology and services for the oil and gas industry, specializing in reservoir characterization, drilling, production, and processing. The company competes with Baker Hughes on technology-driven solutions and efficiency in oilfield service operations. Schlumberger is well-known for its significant investment in research and development, enabling it to offer advanced services that optimize production and enhance operational efficiency, giving it a competitive edge over Baker Hughes in certain segments.
Weatherford International plc WFRD -15.72%
Weatherford International offers a variety of services aimed at optimizing the production and efficiency of oil and gas operations. Competing with Baker Hughes, Weatherford focuses on providing innovative and integrated solutions related to well construction, completion, and production services. While it has struggled with financial stability in the past, its strong emphasis on technology and service integration helps it carve out a niche that directly competes with some of Baker Hughes' offerings, although it may not have the same scale and resource capabilities.