Side-by-side comparison of AI visibility scores, market position, and capabilities
Houston oilfield services and energy technology (NASDAQ: BKR) ~$27.8B FY2024 revenue; IET LNG turbomachinery 38% revenue, Baker Hughes + GE Oil & Gas combined, energy transition positioning competing with SLB and Halliburton.
Baker Hughes Company is a Houston, Texas-based energy technology and oilfield services company — publicly traded on the NASDAQ (NASDAQ: BKR) as an S&P 500 Energy component — providing oilfield services and equipment (OFSE — drilling, completions, production, and intervention technologies for upstream oil and gas operations) and industrial and energy technology (IET — turbomachinery, compressors, industrial equipment, and digital solutions for LNG terminals, industrial plants, and new energy applications) through approximately 58,000 employees in 120+ countries. Baker Hughes was formed in 2017 through the combination of Baker Hughes (founded 1987) with GE Oil & Gas — GE selling its oil and gas equipment and services business to Baker Hughes — creating a combined company that trades under NYSE: BKR while GE initially held a majority stake, which GE divested by 2022. In fiscal year 2024, Baker Hughes reported revenues of approximately $27.8 billion with adjusted EBITDA of approximately $4.4 billion, with the Industrial & Energy Technology segment (LNG compressors, gas compression, power generation turbines for industrial applications) generating 38% of revenue at above-average margins as LNG terminal construction and industrial decarbonization drove demand for Baker Hughes's turbomachinery and electrification equipment. CEO Lorenzo Simonelli has executed Baker Hughes's "energy transition" strategy — positioning Baker Hughes's equipment and services for both conventional oil and gas (OFSE — growing with global upstream capital expenditure) and the new energy economy (IET — LNG for energy transition, hydrogen compression, carbon capture equipment, geothermal drilling) to reduce Baker Hughes's correlation to oil price cycles.
Spring TX integrated oil and gas (NYSE: XOM) at $33.7B 2024 earnings, $339B revenue; Pioneer $60B acquisition doubles Permian to 1.3M BOE/day, $36B shareholder return, competing with Chevron and Shell.
ExxonMobil Corporation is a Spring, Texas-based integrated oil, gas, and energy company — publicly traded on the New York Stock Exchange (NYSE: XOM) as an S&P 500 Energy component and one of the world's largest publicly traded companies by market capitalization — exploring, producing, refining, and marketing oil, natural gas, and petroleum products while advancing low-carbon technologies through approximately 62,000 employees worldwide. In fiscal year 2024, ExxonMobil reported earnings of $33.7 billion ($7.84 per diluted share), revenue of $339.24 billion, operating cash flow of $55.0 billion, free cash flow of $34.4 billion, and returned $36.0 billion to shareholders through dividends and share repurchases. ExxonMobil completed the landmark acquisition of Pioneer Natural Resources in May 2024 for approximately $60 billion — the largest acquisition in the company's history since the 1998 Exxon-Mobil merger — making ExxonMobil the dominant operator in the Permian Basin (West Texas/New Mexico), the most productive oil basin in the US with the lowest breakeven production costs globally. The Pioneer acquisition added 1.3 million acres in the Midland Basin, doubling ExxonMobil's Permian production capacity to 1.3 million barrels of oil equivalent per day by 2027. CEO Darren Woods has led ExxonMobil since 2017 through the COVID oil price collapse, the industry recovery, and the Pioneer acquisition that repositioned ExxonMobil as the premier Permian Basin operator.
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