Baker Hughes’ financial results showed its revenues reaching $6.9 billion in Q2 2025 compared to $6.459 billion in the previous quarter in 2025 and to $7.526 billion Year-on-Year (YoY).

According to the results, the revenues from the Middle East and Asia recorded $1.398 billion in Q2 2025, compared to $1.429 in Q1 2025 and $1.498 YoY.

The net income attributable to Baker Hughes recorded $701 million increasing by 74% during Q1 2025 and by 21% YoY, according to the results.

Moreover, Baker Hughes revenues from the product line amounted to $3.293 billion increasing by 12% sequentially and 5% YoY.

“We delivered strong second-quarter results, with total adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins increasing 170 basis points year-over-year to 17.5% despite a modest decline in revenue. This performance reflects the benefits of structural cost improvements and continued deployment of our business system, which is driving higher productivity, stronger operating leverage and more durable earnings across the company,” said Lorenzo Simonelli, Baker Hughes’ Chairman and Chief Executive Officer, commenting on the results.

“We remain confident in our ability to deliver solid performance in 2025, with continued growth in industrial and energy technology (IET), helping to offset softness in more market-sensitive areas of oilfield services and equipment (OFSE), underscoring the strength of our portfolio and the benefits of our strategic diversification. Accordingly, we are raising our full-year revenue and EBITDA guidance for IET and reestablishing full-year guidance for OFSE,” he added.

Baker Hughes is a leading energy technology and oilfield services provider, operating in over 120 countries from dual headquarters in Houston and London. It achieved revenues of $27.8 billion by the end of 2024, in addition to net income amounting to $2.979 billion.