Baker Hughes It is a large service company in the United States that provides products and services to the global oil development and processing industry. Founded in 1987, it was formed by the merger of two long-standing oil equipment companies (Baker and Hughes). In 1996, the company's total revenue exceeded 3 billion US dollars and had approximately 18000 employees worldwide. The company, through its oilfield service company, provides various products and services for drilling, completion, and oil and gas well production, making it a leader in the global oilfield service industry.