Baker Hughes (BKR) Financial History

The market price of our Class A common stock may be highly volatile and could be subject to wide fluctuations.

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The condition of the capital markets and equity markets in general may affect the price of our common stock and our ability to obtain financing, if necessary.

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In the course of conducting our business, we may hold or have access to sensitive, confidential, proprietary or personal data or information belonging to us, our employees or third parties, including customers, collab…

We are a party to a number of licenses that give us access to IP rights that is necessary or useful to our business.

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In the U.S., various federal and state regulators, including governmental agencies like the Federal Trade Commission, have adopted, or are considering adopting, laws, regulations and standards concerning personal info…

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International, national, and state governments and agencies continue to evaluate and promulgate legislation and regulations that are focused on GHG emissions and climate related risk.

We and our business are subject to extensive domestic and international environmental, health and safety regulations.

The tools, techniques, methodologies, programs and components we use to provide our products and services may infringe upon, misappropriate or otherwise violate the intellectual property rights of others or be challen…

example claims involving services or equipment such as personal injury or loss of life, product failure (including as a result of a cyber-attack) or damage to or destruction of property, employment and labor, customer…

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In addition, we are subject to changes to the U.S.

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Our ability to comply with the FCPA, the U.K.

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Our financial condition, results of operations and cash flows could be materially adversely affected if our customers terminate some of our contracts, and we are unable to secure new contracts on a timely basis and on…

Our products are used in deepwater, and other harsh environments, and severe service applications.

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Variation from normal weather patterns, such as cooler or warmer summers and winters, can have a significant impact on demand for our services and operations.

Seasonal and weather conditions could adversely affect demand for our services and operations.

The products that we manufacture and the services that we provide are complex, and the failure of our equipment to operate properly or to meet specifications may greatly increase our customers' costs.

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Certain geopolitical conflicts, such as between Russia and Ukraine, and instability, such as in the Middle East and the current political situation in Venezuela, have had and may continue to have the effect of heighte…

Geopolitical and terrorism threats continue to grow in a number of key countries where we currently or may in the future do business.

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The partial or complete loss of GE Vernova or GE Aerospace as suppliers, as well as contracts with our Aero JV with GE Vernova, may adversely affect our business, financial condition, results of operations and cash fl…

Our manufacturing operations are dependent on having sufficient raw materials, component parts and manufacturing capacity, including labor, available to meet our manufacturing plans on a timely basis, at a reasonable…

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There is ongoing focus by governments and our customers, investors and other stakeholders on climate change, sustainability, and energy transition matters.

The potential slowdown and shift in the energy transition could have an adverse effect on the demand for our clean energy technologies and services.

We continue to invest in new technologies, equipment, and facilities and to expand our capabilities and technology portfolio to meet the challenges of a net-zero future.

The market price of our Class A common stock may be highly volatile and could be subject to wide fluctuations.

unpredictable, and it would take time before the completion of any investigation and the availability of full and reliable information.

In the U.S., various federal and state regulators, including governmental agencies like the Federal Trade Commission, have adopted, or are considering adopting, laws, regulations and standards concerning personal info…

There are various corporate and non-governmental initiatives that are focused on voluntary reductions of GHG emissions.

Voluntary initiatives to reduce GHG emissions, as well as increased climate change awareness, may result in increased costs for the oil and gas industry to curb GHG emissions and could have an adverse impact on demand…

In the United States, the U.S.

To achieve our stated emission reduction goals, we have implemented internal decarbonization projects and may also need to rely on external factors, such as the greater deployment of carbon reduction and removal techn…

Regulatory requirements related to ESG or sustainability reporting have been adopted and may continue to be introduced in various jurisdictions, including, but not limited to, the European Union, Australia, and the St…

Our voluntary disclosures of ESG data are evaluated and rated by various organizations that assess corporate ESG performance.

In recent years, companies across all industries are facing increasing scrutiny from a variety of stakeholders, including investor advocacy groups, proxy advisory firms, certain institutional investors and lenders, in…

Investor and public perception related to the Company's ESG performance as well as current and future ESG reporting requirements may affect our business and our operating results.

outcomes with respect to sites where we have been named as a potentially responsible party ("PRP"), (including Superfund sites, the allocation of PRP liability at other sites, or discovery of additional issues at exis…

contract bids or under existing contracts, or that the costs of modifications to our products to satisfy the specifications and testing will not adversely affect our results of operations.

In addition, the outbreak and spread of contagious diseases and measures to contain the disease may adversely impact our workforce and operations, operations of our customers, and those of our vendors and suppliers.

In the past, the markets have experienced volatility in oil demand due to the economic impacts of public health emergencies.

Our business has previously and may in the future again be adversely affected by a public health emergency or outbreak of a contagious disease or virus.

Variation from normal weather patterns, such as cooler or warmer summers and winters, can have a significant impact on demand for our services and operations.

and revenue goals, control costs, and avoid shortages or over-supply of raw materials and component parts, could be adversely affected.

In addition, negative attitudes toward or perceptions of our industry or fossil fuel products and their relationship to the environment have led governments, non-governmental organizations, and companies to implement…

Our future success may depend on our ability to effectively execute on our energy transition strategy and the pace at which the energy transition unfolds.

These changes may result in the enactment of climate change-related regulations, judicial or administrative opinions, orders, policies and initiatives (at the government, regulator, corporate and/or investor community…

response to changes in the market, customer requirements, competitive pressures, or as a result of the energy transition to lower carbon emitting technology, or if competing technology accelerates the obsolescence of…

Our competitors or other third parties may incorporate AI into their product and service offerings more quickly or more successfully than us, which could impair our ability to compete effectively and adversely affect…

Additionally, the laws and regulations concerning the use of AI continue to evolve.

AI, machine learning, data science and similar technologies, including third-party AI tools, may be enabled by, or integrated into, some of our business processes and solutions.

We may use AI, machine learning, data science and similar technologies in our business, products and services, and challenges with properly managing such technologies could result in reputational harm, competitive har…

irreversible.

International developments focused on restricting or otherwise disincentivizing GHG emissions include the United Nations Framework Convention on Climate Change, which includes implementation of the Paris Agreement and…

proposed a rulemaking to remove and/or suspend program obligations applicable to various industry sectors.

In the United States, the U.S.

The technical complexities of our operations expose us to a wide range of significant health, safety and environmental risks and we are from time to time subject to litigation in the U.S.

There is continued uncertainty about the future relationship between the U.S.

Recent changes in U.S.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted, introducing broad changes to the U.S.

corruption requirements could expose us to sanctions and civil and criminal prosecution, fines and penalties, as well as legal expenses and reputational harm that could negatively impact our relationships with custome…

Any such risks may require us to record asset impairments and experience adverse operating impacts which could have a material adverse effect on our financial condition, results of operations and cash flows.

If we do not manage the foregoing risks, the transactions that we complete or are unable to complete may harm our brand and adversely affect our business, financial condition, and results of operations.

We may in the future divest certain product lines that no longer fit our long-term strategies.

From time to time, we have acquired and may in the future acquire or invest in businesses or partnerships that we believe could complement our business or offer growth opportunities.

We may not be able to realize the potential financial or strategic benefits of the transactions we complete, or find suitable target businesses to acquire.

On July 28, 2025, we entered into a merger agreement with Chart, which sets forth the terms of our proposed transaction.

Our proposed transaction with Chart creates business, regulatory, and reputational risks.

Furthermore, the uncertainty and variability in energy transition timelines across different regions may make it difficult to optimize our portfolio and resource allocation decisions.

Our future success depends on our ability to effectively adapt our business strategy to align with the actual pace and direction of energy transition as it evolves.

These shifts may result from various factors, including changes in government policies and priorities, economic pressures, energy security concerns, and evolving consumer and industrial demand patterns.

carbon economy has become increasingly uncertain and variable across different regions and markets.