{"slug":"baker-hughes","name":"베이커 휴즈","name_en":"Baker Hughes Company","ticker":"BKR","updated_at":"2026-09-24T11:00:19.163411+00:00","canonical":"https://valuechain.wiki/baker-hughes","citable":"밸류체인 그래프 기준 베이커 휴즈의 직접 연결 기업은 5곳(관계 기준 공급 2·매출 3)이고, 사슬을 2차까지 넓히면 13곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, Baker Hughes Company is directly linked to 5 companies (2 supply, 3 revenue relationships) and reaches 13 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"에너지 장비·서비스","kicker_en":"Energy equipment and services","lead":"베이커 휴즈는 석유·가스 개발사와 산업 고객에게 유전 장비·서비스, 가스 터빈·압축 설비, 산업 기술을 판매한다. 생산에는 GE 계열의 가스터빈·항공전용 기술을 투입하며, Chart Industries 인수로 가스·액체 처리와 열관리 장비를 보강했다.","lead_en":"Baker Hughes sells oilfield equipment and services, gas turbines and compression systems, and industrial technologies to oil and gas producers and industrial customers. It relies on GE companies for gas-turbine and aeroderivative technology and expanded into gas and liquid handling and thermal-management equipment through the acquisition of Chart Industries.","categories":[{"key":"heavy-machinery","ko":"중장비·산업기계","en":"Heavy Machinery & Industrial Equipment","theme":"industrial-infrastructure","theme_ko":"산업 인프라·중공업","theme_en":"Industrial Infrastructure & Heavy Industry","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"유전 서비스·장비","note":"FY2025 매출 143억2400만달러"},{"name":"산업·에너지 기술","note":"FY2025 매출 134억900만달러"}],"total":"FY2025 총매출 277억3300만달러","track":"C"},"segments_en":{"parts":[{"name":"Oilfield Services & Equipment","note":"FY2025 revenue of $14.324 billion"},{"name":"Industrial & Energy Technology","note":"FY2025 revenue of $13.409 billion"}],"total":"FY2025 total revenue of $27.733 billion"},"returns_yearly":{"2021":19,"2022":26,"2023":18.6,"2024":23.1,"2025":13.4,"2026":25.9},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"intel","name":"Intel","name_en":"Intel","tier":3,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":159.6}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":3,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":85.3}},{"slug":"cf-industries","name":"CF 인더스트리스","name_en":"CF Industries Holdings, Inc.","tier":3,"returns_yearly":{"2021":87.2,"2022":22.3,"2023":-4.7,"2024":10.1,"2025":-7.2,"2026":74.9}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":63.8}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":50.3}},{"slug":"dow","name":"다우","name_en":"Dow Inc.","tier":3,"returns_yearly":{"2021":6.8,"2022":-6.6,"2023":14.7,"2024":-22.8,"2025":-37.4,"2026":25.7}},{"slug":"halliburton","name":"핼리버튼","name_en":"Halliburton Company","tier":3,"returns_yearly":{"2021":22,"2022":74.5,"2023":-6.5,"2024":-23.2,"2025":7,"2026":16.8}},{"slug":"lilly-eli","name":"일라이 릴리","name_en":"Lilly (Eli)","tier":3,"returns_yearly":{"2021":66.1,"2022":34.3,"2023":60.9,"2024":33.3,"2025":40.2,"2026":10.3}},{"slug":"chubu-electric-power-co","name":"주부전력","name_en":"Chubu Electric Power Co.","tier":2,"returns_yearly":{"2021":-6.9,"2022":26.2,"2023":41.4,"2024":-12.8,"2025":43.8,"2026":31.9}},{"slug":"west-pharmaceutical-services","name":"웨스트 파마슈티컬 서비스","name_en":"West Pharmaceutical Services","tier":2,"returns_yearly":{"2021":65.9,"2022":-49.7,"2023":50,"2024":-6.8,"2025":-15.7,"2026":23.8}},{"slug":"linde","name":"Linde","name_en":"Linde","tier":2,"returns_yearly":{"2021":33.4,"2022":-4.4,"2023":27.7,"2024":3.2,"2025":3.2,"2026":14.6}},{"slug":"o-reilly-automotive","name":"오라일리 오토모티브","name_en":"O’Reilly Automotive","tier":2,"returns_yearly":{"2021":56,"2022":19.5,"2023":12.6,"2024":24.8,"2025":15.4,"2026":-3.6}},{"slug":"tokyo-electric-power-company-holdings-incorporated","name":"도쿄전력","name_en":"Tokyo Electric Power Company Holdings, Incorporated","tier":2,"returns_yearly":{"2021":-23.7,"2022":58.5,"2023":62.5,"2024":-48.1,"2025":42,"2026":-4.5}},{"slug":"chevron","name":"셰브론","name_en":"Chevron Corporation","tier":1,"returns_yearly":{"2021":46.2,"2022":58.5,"2023":-13.6,"2024":1.3,"2025":10.1,"2026":40.7}},{"slug":"exxonmobil","name":"엑슨모빌","name_en":"ExxonMobil","tier":1,"returns_yearly":{"2021":57.6,"2022":87.4,"2023":-6.3,"2024":11.3,"2025":16,"2026":35.2}},{"slug":"expand-energy","name":"익스팬드 에너지","name_en":"Expand Energy Corporation","tier":1,"returns_yearly":{"2022":62.3,"2023":-14.8,"2024":33.2,"2025":14.4,"2026":-9.7}}],"benefiting":[{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":1,"returns_yearly":{"2025":99,"2026":54}},{"slug":"ge-aerospace","name":"GE 에어로스페이스","name_en":"GE Aerospace","tier":1,"returns_yearly":{"2021":9.7,"2022":-10.9,"2023":95.7,"2024":64.8,"2025":85.7,"2026":9.7}},{"slug":"howmet-aerospace","name":"하우멧 에어로스페이스","name_en":"Howmet Aerospace","tier":2,"returns_yearly":{"2021":11.7,"2022":24.2,"2023":37.8,"2024":102.7,"2025":88,"2026":10}},{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","tier":2,"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":2,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}}],"analysis":"에너지 장비·서비스 기업. 최근 몇 년간 견조한 상승이 이어졌고 2026년 +40.9%다. 수요단(평균 +38%)·본주(+40.9%)·공급단(평균 +27.1%)이 비슷한 보폭이다. 전파가 한 바퀴 돈 동조 국면이라, 다음 구간은 사슬 방향보다 개별 실적이 가른다. 연결 노드 중 가장 앞선 곳은 GE 베르노바(+44.4%), 가장 처진 곳은 GE 에어로스페이스(+9.7%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"Baker Hughes Company operates across Energy equipment and services. It stayed steadily positive in recent years and is +40.9% in 2026. Demand side (avg +38%), the stock (+40.9%) and supply side (avg +27.1%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is GE Vernova (+44.4%) and the furthest behind is GE Aerospace (+9.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It relies on GE companies for gas-turbine and aeroderivative technology and expanded into gas and liquid handling and thermal-management equipment through the acquisition of Chart Industries.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Chart Industries","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2025-07-29","basis":"Chart Industries 인수 계약의 기업가치","value":13600000000,"period":"agreement announced 2025-07-29; transaction closed 2026-07-16","basis_en":"Enterprise value under the agreement to acquire Chart Industries","qualifier":null},"note":"베이커 휴즈는 2025년 기업가치 136억달러 조건으로 Chart Industries 인수 계약을 맺고 2026년 7월 거래를 완료했다. Chart의 가스·액체 처리와 열관리 역량은 베이커 휴즈의 새 사업 부문으로 편입됐다.","note_en":"Baker Hughes agreed to acquire Chart Industries at a $13.6 billion enterprise value in 2025 and completed the transaction in July 2026. Chart's gas and liquid handling and thermal-management capabilities now form a new operating segment.","sources":[{"stance":"confirms","publisher":"베이커 휴즈","publisher_en":"Baker Hughes","kind":"ir","lang":"en","published_at":"2026-07-16","url":"https://investors.bakerhughes.com/news/press-releases/news-details/2026/Baker-Hughes-Completes-Acquisition-of-Chart-Industries/default.aspx","title":"베이커 휴즈, Chart Industries 인수 완료","title_en":"Baker Hughes Completes Acquisition of Chart Industries","excerpt":"베이커 휴즈는 Chart Industries 인수를 성공적으로 완료했다고 발표했다.","excerpt_en":"successful completion of its acquisition of Chart Industries"},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-05","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm","title":"베이커 휴즈 2025 Form 10-K","title_en":"Baker Hughes Co 2025 Form 10-K","excerpt":"베이커 휴즈는 Chart의 발행주식 전부를 현금으로 인수하는 계약을 공시했다.","excerpt_en":"all outstanding shares of Chart's common stock"},{"stance":"confirms","publisher":"한국수소연합","publisher_en":"Korea Hydrogen Alliance","kind":"analysis","lang":"ko","published_at":"2025-07-31","url":"https://h2hub.or.kr/main/yard/periodicals.do?articleNo=2690&attachNo=5189&mode=download","title":"한국수소연합 일간 수소 이슈 브리핑: 2025년 7월 31일","title_en":"Korea Hydrogen Alliance Daily Hydrogen Issue Briefing: July 31, 2025","excerpt":"Baker Hughes, 저탄소 장비 기업 Chart Industries 136억 달러에 인수 발표","excerpt_en":"Baker Hughes announced the $13.6 billion acquisition of low-carbon equipment company Chart Industries."},{"stance":"confirms","publisher":"하그리브스 랜스다운 주식 리서치","publisher_en":"Hargreaves Lansdown Share Research","kind":"research","lang":"en","published_at":"2025-07-30","url":"https://www.hl.co.uk/shares/share-research/baker-hughes-136bn-agreement-to-acquire-chart-industries","title":"베이커 휴즈: 136억달러 Chart Industries 인수 계약","title_en":"Baker Hughes: $13.6bn Agreement to Acquire Chart Industries","excerpt":"리서치는 인수로 베이커 휴즈의 액체·가스 처리 역량이 확대된다고 평가했다.","excerpt_en":"expanding its liquid and gas handling capabilities"}]},{"direction":"cost","counterparty":"GE Vernova","counterparty_slug":"ge-vernova","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-05","basis":"GE Vernova 가스터빈·항공전용 기술 공급대가","value":null,"period":"agreements in force at FY2025 year-end","basis_en":"Consideration for gas turbines and aeroderivative technology supplied by GE Vernova","qualifier":"confirmed_no_disclosed_value"},"note":"베이커 휴즈는 GE Vernova와 중대형 가스터빈 공급계약 및 항공전용 기술 공급·개발계약을 유지한다. 지급액은 공개되지 않았다.","note_en":"Baker Hughes maintains a heavy-duty gas-turbine supply agreement and an aeroderivative technology supply and development agreement with GE Vernova. Payments were not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-05","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm","title":"베이커 휴즈 2025 Form 10-K","title_en":"Baker Hughes Co 2025 Form 10-K","excerpt":"공시는 GE Vernova를 직접 공급사로 밝히고 장기 공급계약을 설명한다.","excerpt_en":"GE Vernova ... as direct suppliers"}]},{"direction":"revenue","counterparty":"엑슨모빌","counterparty_slug":"exxonmobil","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2025-02-03","basis":"Uaru·Whiptail 생산 화학제품 및 관련 서비스 계약대금","value":null,"period":"multi-year contract announced 2025-02-03","basis_en":"Value of the Uaru and Whiptail production chemicals and related services contract","qualifier":"confirmed_no_disclosed_value"},"note":"엑슨모빌 가이아나는 Uaru와 Whiptail 해상 개발에 사용할 생산 화학제품과 관련 서비스를 베이커 휴즈에 발주했다. 다년 계약의 금액은 공개되지 않았다.","note_en":"ExxonMobil Guyana awarded Baker Hughes a multi-year contract for production chemicals and related services for the Uaru and Whiptail offshore developments. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"베이커 휴즈","publisher_en":"Baker Hughes","kind":"ir","lang":"en","published_at":"2025-02-03","url":"https://investors.bakerhughes.com/files/doc_news/2025/02/baker-hughes-secures-major-chemicals-award-from-exxonmobil-guyana-for-fpsos.pdf","title":"베이커 휴즈, 엑슨모빌 가이아나로부터 FPSO 화학제품 주요 계약 수주","title_en":"Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for FPSOs","excerpt":"엑슨모빌 가이아나는 베이커 휴즈에 특수 화학제품과 관련 서비스를 발주했다.","excerpt_en":"a significant award from ExxonMobil Guyana"}]},{"direction":"revenue","counterparty":"셰브론","counterparty_slug":"chevron","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2018-06-25","basis":"고르곤 해저 생산설비·유정 완결 장비 계약대금","value":null,"period":"contracts announced 2018-06-25 under a 15-year master service order","basis_en":"Value of the Gorgon subsea production systems and well-completion equipment contracts","qualifier":"confirmed_no_disclosed_value"},"note":"셰브론 오스트레일리아는 고르곤 가스전 2단계에 필요한 해저 생산설비와 유정 완결 장비를 베이커 휴즈에 발주했다. 계약금액은 공개되지 않았다.","note_en":"Chevron Australia awarded Baker Hughes contracts for subsea production systems and well-completion equipment for the second phase of the Gorgon development. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"베이커 휴즈","publisher_en":"Baker Hughes","kind":"ir","lang":"en","published_at":"2018-06-25","url":"https://investors.bakerhughes.com/files/doc_news/2018/06/bhge-awarded-subsea-and-well-completions-equipment-contracts.pdf","title":"BHGE, 해저 생산설비·유정 완결 장비 계약 수주","title_en":"BHGE Awarded Subsea and Well Completions Equipment Contracts","excerpt":"셰브론 오스트레일리아가 베이커 휴즈에 해저 생산설비 계약을 발주했다.","excerpt_en":"a substantial contract from Chevron Australia Pty Ltd."}]},{"direction":"cost","counterparty":"GE 에어로스페이스","counterparty_slug":"ge-aerospace","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-05","basis":"GE 에어로스페이스 항공전용 기술·지식재산 공급대가","value":null,"period":"agreements in force at FY2025 year-end","basis_en":"Consideration for aeroderivative technology and intellectual property supplied by GE Aerospace","qualifier":"confirmed_no_disclosed_value"},"note":"베이커 휴즈는 GE 에어로스페이스와 장기 계약 체계를 유지하며 항공전용 기술과 관련 지식재산을 공급받는다. 지급액은 공개되지 않았다.","note_en":"Baker Hughes maintains a long-term contractual framework with GE Aerospace for aeroderivative technology and related intellectual property. Payments were not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-05","url":"https://www.sec.gov/Archives/edgar/data/1701605/000170160526000007/bkr-20251231.htm","title":"베이커 휴즈 2025 Form 10-K","title_en":"Baker Hughes Co 2025 Form 10-K","excerpt":"공시는 GE 에어로스페이스를 베이커 휴즈의 직접 공급사로 명시한다.","excerpt_en":"GE Aerospace ... as direct suppliers"}]},{"direction":"revenue","counterparty":"익스팬드 에너지","counterparty_slug":"expand-energy","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-03-03","basis":"베이커 휴즈 Leucipa 현장생산 솔루션 도입 비용","value":null,"period":"2026년 도입 진행","basis_en":"Cost of deploying Baker Hughes' Leucipa field production solution","qualifier":"confirmed_no_disclosed_value"},"note":"베이커 휴즈는 익스팬드 에너지가 생산관리·현장 최적화·예측을 위해 도입하고 있는 Leucipa 자동화 현장생산 솔루션을 제공하며, 계약금액은 공개되지 않았다.","note_en":"Baker Hughes provides the Leucipa automated field production solution that Expand Energy is deploying for production management, field optimization, and forecasting, while the contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"익스팬드 에너지","publisher_en":"Expand Energy Corporation","kind":"ir","lang":"en","published_at":"2026-03-03","url":"https://www.expandenergy.com/2026/03/03/exe-announces-strategic-partnerships-to-strengthen-data-driven-operational/","title":"EXE, 데이터 기반 운영 효율화를 위한 전략적 파트너십 발표","title_en":"EXE Announces Strategic Partnerships to Strengthen Data-Driven Operational Efficiency","excerpt":"회사는 베이커 휴즈의 Leucipa 자동화 현장생산 솔루션을 배치한다고 밝혔다.","excerpt_en":"Deploying Leucipa automated field production solution to improve operational efficiencies. Partner: Baker Hughes"}]}]}