How Does Baker Hughes Co Sit in Its SEC Industry Classification?
Baker Hughes Co files under SEC standard industrial classification 3533, Oil & Gas Field Machinery & Equipment. Among the 8 companies Swoopr covers under SIC 3533, its latest reported revenue of $27.7 billion ranks 1st. The comparison uses each company's own latest fiscal year, which can differ by up to a year across the group.
| Measure | Baker Hughes Co (FY2025) | Peer reference |
|---|---|---|
| Revenue | $27.7 billion | 1st of 8 |
| Revenue growth | -0.3% | -3.1% (median of 7 peers) |
Companies of similar size in the same classification: NOV Inc. ($8.7 billion), Weatherford International plc ($4.9 billion), FORUM ENERGY TECHNOLOGIES, INC. ($791 million), Flowco Holdings Inc. ($760 million), OIL STATES INTERNATIONAL, INC ($669 million).
A classification code groups companies by how they describe their main business to the SEC, so two companies with the same code can still differ in customers, geography and cost structure. Treat the comparison as a starting point for the questions below.
Where value can be captured
The energy value chain runs from exploration and extraction through gathering, transportation, processing, refining, storage, distribution, and end consumption. Services and equipment suppliers support several layers, while infrastructure owners can earn more volume-linked or contracted revenue.
For Baker Hughes, name suppliers, channels, customers and infrastructure dependencies only when a reliable source establishes the relationship. The goal is to show where the company sits, what it depends on, and where bargaining power resides.
Industry drivers
- Commodity Prices: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Production Volume: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Realized Pricing: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Transport Or Processing Volumes: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Refining Margins: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Utilization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Service Activity: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capital Discipline: connect this driver to a disclosed KPI and to the financial statement line it influences.
Macro connections
- Oil Prices: document the transmission mechanism rather than assuming correlation.
- Natural-Gas Prices: document the transmission mechanism rather than assuming correlation.
- Global Gdp: document the transmission mechanism rather than assuming correlation.
- Industrial Production: document the transmission mechanism rather than assuming correlation.
- Opec Policy: document the transmission mechanism rather than assuming correlation.
- Interest Rates: document the transmission mechanism rather than assuming correlation.
- Energy Regulation: document the transmission mechanism rather than assuming correlation.
Peer map
A starting peer group from the current S&P 500 classification is APA Corporation, Chevron Corporation, ConocoPhillips, Devon Energy, Diamondback Energy, EOG Resources. Some may be adjacent rather than direct competitors. The latest Baker Hughes filing and credible industry sources should refine the map.
Questions for the supply-chain map
- Which inputs are scarce, concentrated, regulated, or difficult to substitute?
- Which layer has the highest switching costs?
- Where can capacity expand quickly, and where does it take years?
- Which participants bear inventory, credit, commodity, or utilization risk?
- Is Baker Hughes's advantage located in intellectual property, physical assets, licenses, distribution, brand, data, or customer integration?
- Which dependency could become a bottleneck under stress?
References
The evergreen analysis above is anchored to verified index metadata and a filing-first research workflow. Time-sensitive financial figures are refreshed from the latest primary filings.
- S&P Dow Jones Indices: S&P 500
- SEC EDGAR company filings for Baker Hughes
- SEC submissions JSON for CIK 1701605
Source-review rule: Check any statement about current revenue, margins, management, products, segment mix, guidance, market share or capital allocation against the latest 10-K, 10-Q, 8-K, proxy statement, earnings release or official investor-relations material before relying on it.