Baker Hughes
Compensation Insight

How Baker Hughes Pays

Baker Hughes publishes no grade map, so this report prices an analytical L0 to L11 ladder across 30 markets alongside an employee-funded ESPP at a 15 percent discount, discretionary RSU and PSU awards, a $21.36M CEO package at 310:1, and 16 FY2025 H-1B filings.

~56,000 employees · Nasdaq: BKR · Baker Hughes Company · Founded 2017 · Houston, Texas · FY ends 31 December
Employees
~56,000
Headcount at 31 December 2025, with more than 45,000 outside the United States in more than 85 countries. The July 2026 Chart Industries acquisition has not been restated into this figure.
FY2025 revenue
$27.73B
Split $7.700 billion in the United States and $20.033 billion internationally. Second-quarter 2026 revenue was $6.742 billion on $10.5 billion of orders.
FY2025 adjusted EBITDA
$4.83B
Against a $4.95 billion incentive target, with free cash flow of $2.732 billion against a $2.35 billion target.
CEO total pay
$21.36M
Lorenzo Simonelli's 2025 Summary Compensation Table total, of which $13.31 million was stock awards.
CEO pay ratio
310:1
Measured against a $68,720 median employee identified from the global workforce, after 269:1 in 2024 and 311:1 in 2023.
2025 incentive funding
113.5%
Company-wide short-term incentive funding for 2025, after 140 percent in both 2023 and 2024. Named executive outcomes ran 108 to 119 percent.
Voluntary attrition
5.4%
Company-reported for 2025, down from 6.0 percent in 2024.
Long-term incentive population
~23,200
Employees eligible to be selected under the 2026 Long-Term Incentive Plan at 16 March 2026. Actual awards are discretionary and grant incidence is not disclosed.
H-1B median base
$134,250
Median across 16 certified FY2025 labour condition applications in one Department of Labor derived dataset; other entity views record 14 and 13 records.
Locations
United States
India
United Kingdom
Australia
Italy
United Arab Emirates
Saudi Arabia
Qatar
Oman
Singapore
Norway
Brazil
Canada
Malaysia
1.00× base / 1.00× TC vs Houston

Band Hierarchy

No Baker Hughes filing or careers source exposes a global numbered grade sequence or a title-to-grade lookup, so the L0 to L11 ladder here is an analytical framework built to compare like-for-like work across countries. Only the L10 executive and L11 chairman rows carry a company disclosure; everything below is reconstructed from official postings, visa filings and employee-reported records.

Analytical BH-A ladder — L0 through L4 professional

L4
Senior engineer / senior specialistIC · variable 12% · reported
Senior Engineer, Senior Specialist, Senior Scientist, senior project manager
L3
Engineer II / specialistIC · variable 10% · modeled
Engineer II, Specialist II, project engineer, diagnostic engineer, manufacturing engineer
L2
Engineer / professional IIC · variable 7% · modeled
Engineer I, Field Engineer I, analyst, sourcing specialist, software engineer
L1
Entry operations / graduateIC · variable 5% · modeled
ASPIRE associate, Technician I, Field Operator I, graduate engineer, field trainee
L0
Intern / ApprenticeEarly career · modeled
Engineering intern, finance intern, manufacturing apprentice, co-op student

Analytical BH-A ladder — L5 through L9 leadership

L9
SVP / business presidentManagement · variable 50% · modeled
Senior Vice President, segment leader, business president, major regional president
L8
Senior director / vice presidentManagement · variable 35% · modeled
Senior Director, Vice President, regional VP, functional VP, senior technical director
L7
Technical director / directorIC or management · variable 25% · reported
Technical Director, Chief Engineer, engineering director, regional functional director, plant director
L6
Principal / senior managerIC or management · variable 20% · reported
Principal Engineer, Enterprise Architect, Principal Scientist, senior manager, site manager
L5
Lead / staff / managerIC or management · variable 15% · reported
Lead Engineer, Staff Engineer, Lead Specialist, functional manager, senior team leader

Executive — L10 and L11 proxy disclosure

L11
Chairman, President and CEOExecutive · variable 175% · verified
Lorenzo Simonelli
L10
EVP / C-suiteExecutive · variable 100% · verified
Executive Vice President, Chief Financial Officer, Chief Legal Officer, Chief Growth and Experience Officer

Disclosed executive layer

Chairman, President and Chief Executive Officer
Lorenzo Simonelli
Fully disclosed in the proxy statement, including salary, incentive target and attainment, long-term incentive design, pay ratio and stock ownership guideline of six times base salary.
Executive Vice Presidents and chief officers
Ahmed Moghal as Chief Financial Officer, Maria Claudia Borras as Chief Growth and Experience Officer and interim EVP for Industrial and Energy Technology, Amerino Gatti as EVP for Oilfield Services and Equipment, Georgia Magno as Chief Legal Officer
Named executive officers with full Summary Compensation Table disclosure. Muzzamil Khider Ahmed as Chief People and Culture Officer sits in the same layer but was not individually disclosed in the 2026 proxy summary table.
Senior Vice Presidents and segment leaders
Jim Apostolides, appointed to lead the new Chart segment from 16 July 2026
No compensation table exists for this layer unless the individual becomes a named executive officer. Section 16 filings disclose share movements only.
Regional and functional vice presidents
Americas, Europe and Asia-Pacific regional leadership
Not publicly disclosed. Carrying vice president in a title does not by itself trigger SEC reporting, so this layer is invisible in filings.
VerifiedOnly the L10 and L11 rows carry a company disclosure. L0 through L9 are an analytical taxonomy assembled for cross-country comparison.

Track divergence

L0 to L3
The technical and management tracks are largely common. Leadership at this stage is task, crew or project coordination rather than permanent people management, and the modelled variable target runs from zero at intern to 10 percent at Engineer II.
L4 to L6
Divergence becomes material. A Senior, Lead, Staff or Principal Engineer can be paid comparably with a manager or senior manager without any direct reports, and Baker Hughes uses Lead and Staff as parallel senior individual-contributor labels rather than management titles.
L7 to L9
Technical Director, Chief Engineer and Enterprise Architect roles coexist with Director and Vice President management roles, but public sources reveal no promotion equivalence and no dual-ladder governance rule. Modelled variable targets rise from 25 to 50 percent of base across this span.
L10 and L11
Enterprise executive roles where compensation is dominated by short-term incentive and equity rather than salary. Salary was 8.0 percent of the chief executive's 2025 reported total while stock awards were 62.3 percent.

Hierarchy qualifications and legacy structures

  • Baker Hughes publishes formal executive roles and job titles such as Senior Engineer, Staff Engineer, Lead Project Engineer, Principal Engineer, Director, Vice President, Senior Vice President and Executive Vice President, but no filing maps any of them to a grade code.
  • The 2017 combination of Baker Hughes with GE Oil and Gas left legacy title and reward-system overlap, and public filings show modern plans administering legacy awards without publishing a completed harmonisation map.
  • The July 2026 Chart Industries acquisition adds a further population with its own titles, pay practices and incentive history, so source company and legacy system should be treated as live data fields rather than forced into one purported grade.
  • The ASPIRE programme is a two-year rotational early-career scheme with three rotations and is officially described, but no universal grade code or pay band is published for it.
  • L10 and L11 are proxy disclosures in United States dollars. They are excluded from the range chart and the location factors applied to those two rows are a mechanical extension of the ladder model rather than a local executive pay quote.

Peer-level mapping

BandArchetypePeer mappingCaveat
L0Intern / ApprenticeSLB, Halliburton and TechnipFMC intern and apprentice programmesScope-based orientation only; no oilfield-services peer publishes a grade crosswalk.Houston market model calibrated on United States intern and apprentice postings; no incentive is assumed at this level.
L1Entry operations / graduateSLB field engineer trainee, Halliburton operator assistant, NOV associate technicianField entry roles differ sharply in rotation, overtime and premium structure across peers.Houston market model; the ASPIRE two-year rotational programme is officially described but carries no published pay band.
L2Engineer / professional ISLB field engineer, Halliburton associate technical professional, NOV engineer IJob family matters more than title; field and office engineers diverge on realised cash.Houston market model cross-checked against employee-reported Houston engineer total pay of roughly $117,000 to $180,000, which includes bonus and premiums.
L3Engineer II / specialistSLB senior field engineer, Halliburton technical professional, TechnipFMC engineer IIScope-based orientation only; Baker Hughes publishes no peer-level equivalence.
L4Senior engineer / senior specialistSLB senior engineer, Halliburton senior technical professional, NOV senior engineerA senior engineer in turbomachinery, subsea, embedded software or field diagnostics can carry very different scope.Calibrated on the official Senior Embedded Test Engineer posting range of $87,870 to $163,120 and the H-1B Senior Diagnostic Engineer filing at $149,601.
L5Lead / staff / managerSLB principal engineer or line manager, Halliburton team lead, TechnipFMC lead engineerLead and staff are parallel senior individual-contributor labels; neither necessarily implies people management.Calibrated on the official Staff Embedded Engineer posting range of $101,530 to $188,470 and the H-1B Lead Engineer Mechanical filing at $112,750.
L6Principal / senior managerSLB technical adviser, Halliburton principal technical professional, NOV engineering managerManagement scope, plant responsibility and profit-and-loss exposure can outweigh the title wording.Calibrated on the H-1B Principal Enterprise Architect filing at $175,470 and an official advanced engineering posting of roughly $136,000 to $252,540.
L7Technical director / directorSLB director or technology manager, Halliburton director, TechnipFMC directorDirector can mean a functional leader or a top technical authority; public data exposes no consistent grade.Calibrated on the H-1B Senior Director Cyber Security Architecture filing at $160,600 and employee-reported director total pay of roughly $227,000 to $333,000.
L8Senior director / vice presidentSLB vice president, Halliburton vice president, NOV vice presidentCarrying VP in a title does not trigger SEC reporting, so most of this layer is invisible in filings.Houston market model cross-checked against employee-reported managing director total pay of roughly $254,000 to $431,000.
L9SVP / business presidentSLB division president, Halliburton senior vice president, TechnipFMC segment leaderSegment leadership scope varies with portfolio size; Jim Apostolides took the new Chart segment in July 2026.Houston market model. Individual long-term incentive grants at this level are disclosed only where SEC reporting applies.
L10EVP / C-suiteSLB, Halliburton, TechnipFMC and NOV named executive officersGrant timing, pension accounting and one-time awards make peer executive totals hard to compare directly.Median of the four current non-CEO named executive officers in the 2026 proxy Summary Compensation Table. Component medians sum to $4,999,621 against a median reported total of $4,947,206, and the other column combines all other compensation with pension and deferred-compensation earnings.
L11Chairman, President and CEOOlivier Le Peuch at SLB, Jeff Miller at Halliburton, Douglas Pferdehirt at TechnipFMCBaker Hughes reported the highest 2025 chief executive total in this peer set, but business size and grant timing differ.2026 proxy Summary Compensation Table. The other column is $1,873,973 of all other compensation plus $911,327 of pension and deferred-compensation earnings.

Critical evidence warning

Baker Hughes does not publish salary bands, band minimums or midpoints, a bonus target grid, a performance rating scale or a merit-increase matrix for ordinary employees. Every non-executive figure here is a third-party observation or a calibrated model around one and should be used for orientation, never quoted as a Baker Hughes pay band.


Compensation by Band — Houston

Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus Houston. Total equals base plus bonus plus annualized equity.

BandTitleBaseVariableTotal TCEquity
L0
Intern / Apprentice
0–1 years · modeled
$38K$52K
$45K
$38K$52K
L1
Entry operations / graduate
0–3 years · modeled
$51K$69K5%
$63K
$54K$72K
L2
Engineer / professional I
2–5 years · modeled
$70K$94K7%
$88K
$75K$101K
L3
Engineer II / specialist
4–8 years · modeled
$83K$113K10%
$108K
$92K$124K
L4
Senior engineer / senior specialist
7–12 years · reported
$102K$138K12%
$134K
$114K$155K
L5
Lead / staff / manager
9–15 years · reported
$121K$163K15%
$163K
$139K$188K
L6
Principal / senior manager
12–18 years · reported
$140K$190K20%
$198K
$168K$228K
L7
Technical director / director
15–22 years · reported
$162K$219K25%
$238K
$202K$273K
L8
Senior director / vice president
18–25+ years · modeled
$196K$265K35%
$311K
$264K$357K
L9
SVP / business president
20–30+ years · modeled
$255K$345K50%
$450K
$383K$518K
L10
EVP / C-suite
20–30+ years · verified
$698K$945K100%
$5.00M
$4.25M$5.75M
$2.85M
L11
Chairman, President and CEO
25–35+ years · verified
$1.45M$1.97M175%
$21.36M
$18.16M$24.57M
$13.31M
Official corporate headquarters · 38 reported band cellsReportedModeledVerifiedBase and total use a plus or minus 15 percent planning envelope around the median, matching the bundle's own 80 percent to 125 percent band around an evidence-calibrated anchor.

Total Compensation Range by Band

Total compensation in Houston across the employee bands. Proxy-disclosed executive cohorts are excluded so the employee bands stay readable.

L0$38K$52KL1$54K$72KL2$75K$101KL3$92K$124KL4$114K$155KL5$139K$188KL6$168K$228KL7$202K$273KL8$264K$357KL9$383K$518K$0$100K$200K$300K$400K$500K$600K

Global Footprint & Pay Arbitrage

Baker Hughes reported roughly 56,000 employees at 31 December 2025, more than 45,000 of them outside the United States across more than 85 countries and more than 150 nationalities. Houston is the pay anchor; every other market is calibrated against the Houston median using the bundle's country anchors and city factors.

~56,000
Employees at 31 December 2025
>45,000
Employees outside the United States
30
Markets modelled in this report
>85
Countries of operation

Office and market catalogue — calibration factors versus Houston

LocationLikely office profilePresenceBaseTC
Houston
United States · USD
Headquarters, corporate, engineering, digital, commercial and field-service hubOfficial corporate headquarters1.00×1.00×
Tomball
United States · USD
Technical training, manufacturing and services campusH-1B worksite of record; visa median within $100 of the Houston median1.00×1.00×
Oklahoma City
United States · USD
Operations, field service and manufacturingRegional operations centre0.90×0.90×
Denver
United States · USD
Technical, digital and regional commercialRegional coverage1.08×1.08×
Claremore, OK
United States · USD
Manufacturing, engineering and serviceH-1B worksite of record0.86×0.86×
Minden, LA
United States · USD
Manufacturing and operationsManufacturing site0.82×0.82×
Bangalore
India · INR
Engineering, digital, product development and shared servicesLargest disclosed India technology footprint0.10×0.10×
Mumbai
India · INR
Commercial, finance and regional leadershipRegional commercial office0.11×0.11×
Pune
India · INR
Engineering and deliveryEngineering centre0.10×0.10×
Chennai
India · INR
Engineering, services and deliveryEngineering and services centre0.10×0.10×
London
United Kingdom · GBP
Corporate, commercial and regional leadershipRegional corporate office0.70×0.70×
Aberdeen
United Kingdom · GBP
North Sea client-facing engineering and field serviceEstablished North Sea base0.64×0.64×
Bristol
United Kingdom · GBP
Engineering and technologyEngineering site0.61×0.61×
Newcastle
United Kingdom · GBP
Engineering and manufacturingManufacturing site0.55×0.55×
Perth
Australia · AUD
Energy client-facing engineering, projects and field serviceAustralian operations headquarters0.86×0.86×
Brisbane
Australia · AUD
Regional commercial, engineering and operationsRegional office0.79×0.79×
Florence
Italy · EUR
Turbomachinery engineering and manufacturing hub for Industrial and Energy TechnologyMajor European manufacturing and engineering centre0.30×0.30×
Bari
Italy · EUR
Engineering and manufacturingManufacturing site0.25×0.25×
Dubai
United Arab Emirates · AED
Regional headquarters, commercial and client-facing functionsMiddle East regional hub0.29×0.29×
Abu Dhabi
United Arab Emirates · AED
Client-facing engineering and operationsClient-facing operations base0.28×0.28×
Dhahran
Saudi Arabia · SAR
Major client-facing field service and commercial hubPrincipal Saudi operations base0.43×0.43×
Doha
Qatar · QAR
Client-facing commercial and serviceCountry office0.32×0.32×
Muscat
Oman · OMR
Client-facing engineering and serviceCountry office0.28×0.28×
Singapore
Singapore · SGD
Asia-Pacific commercial, engineering and regional functionsAsia-Pacific regional hub0.21×0.21×
Stavanger
Norway · NOK
North Sea engineering and field serviceNorwegian continental shelf base1.26×1.26×
Oslo
Norway · NOK
Corporate, technology and regional functionsCountry office1.34×1.34×
Rio de Janeiro
Brazil · BRL
Regional commercial, engineering and serviceLatin America regional centre0.10×0.10×
Macaé
Brazil · BRL
Offshore field-service centreOffshore service base0.09×0.09×
Calgary
Canada · CAD
Energy engineering, commercial and field serviceCanadian operations base0.72×0.72×
Kuala Lumpur
Malaysia · MYR
Regional operations, shared services and engineeringAsia-Pacific shared-services centre0.13×0.13×

Baker Hughes publishes no employee count for any city or country, so this catalogue cannot rank offices by headcount. Houston, Bangalore, Florence, Aberdeen, Stavanger, Perth and the Gulf hubs are operationally significant on facilities, postings and business footprint evidence alone.

Houston anchor medians — the basis of every modeled cell

BandBaseStockBonusOtherTotal
L4$120K$0$14K$134K
L5$142K$0$21K$163K
L6$165K$0$33K$198K
L7$190K$0$48K$238K
L10$822K$2.85M$961K$366K$5.00M
L11$1.71M$13.31M$3.56M$2.79M$21.36M
  • The Houston column is the anchor. Medians come from official Baker Hughes United States postings, H-1B labour condition applications and employee-reported Houston records, and are strongest at L4 through L7 where posting ranges exist.
  • Country anchors are Houston for the United States, Bangalore for India, a London and Aberdeen blend for the United Kingdom, a Perth and Brisbane blend for Australia, Florence for Italy, a Dubai and Abu Dhabi blend for the United Arab Emirates, Dhahran, Doha, Muscat, Singapore, a Stavanger and Oslo blend for Norway, Rio de Janeiro, Calgary and Kuala Lumpur.
  • India total compensation runs at roughly 10 percent of the Houston anchor at intern level and rises towards 42 percent at the SVP band, so the gap narrows from about ten times at entry to under three times at senior leadership.
  • Norway is the one market that compresses in the opposite direction. Stavanger sits above Houston at entry level and slightly below it at senior leadership, because Norwegian engineering floors are high and Norwegian executive pay is not.
  • Gulf markets show the widest spread of all: Doha and Muscat model at roughly 30 percent of Houston at entry level and above it at senior leadership, but the underlying samples are sparse and expatriate housing, schooling and tax treatment sit outside this model entirely.

Model rules

  • Every modeled cell is the Houston median multiplied by the country base or total factor for that band, interpolated by seniority, and then by the 25 August 2026 foreign-exchange snapshot.
  • The source bundle computed total rewards as base multiplied by one plus the target variable percentage plus a country employer-benefit load of 8 to 16 percent. That load is employer cost rather than pay and has been stripped, so total here is base plus target variable only.
  • Equity is a real zero for L0 through L9. Baker Hughes evidences no routine long-term incentive entitlement below the executive tier, and the employee stock purchase plan is employee-funded rather than granted, so no equity value is imputed to any non-executive band.
  • City factors come from the bundle's own city calibration table applied to the country anchor. Tomball is set level with Houston because the visa city medians of $137,700 and $137,800 are within $100 of each other.
  • The model excludes overtime, offshore and rotation premiums, per diem, hardship allowance, sales commission, tax equalisation, expatriate packages, sign-on payments and retention awards. Field cash can exceed office cash at the same band without any higher grade.

Variable Pay & Annual Cash Incentive

The executive short-term incentive is disclosed in full detail and the employee bonus grid is not disclosed at all. Named executive targets, the 2025 scorecard and payout attainments below are company disclosures; the L0 through L9 targets are modelling assumptions inferred from role seniority and public reward language, not a Baker Hughes schedule.

BandTargetMechanismRecent payout
L0
Intern / Apprentice
0% of baseNo intern or apprentice incentive is assumed or evidenced.Not publicly disclosed
L1
Entry operations / graduate
5% of baseRole-aligned corporate, field or sales incentive where the role is eligible.Not publicly disclosed
L2
Engineer / professional I
7% of baseRole-aligned corporate, field or sales incentive where the role is eligible.Not publicly disclosed
L3
Engineer II / specialist
10% of baseRole-aligned corporate, field or sales incentive where the role is eligible.Not publicly disclosed
L4
Senior engineer / senior specialist
12% of baseRole-aligned corporate, field or sales incentive where the role is eligible.Not publicly disclosed
L5
Lead / staff / manager
15% of baseAnnual corporate or business-unit bonus; field and sales plans differ in structure.Not publicly disclosed
L6
Principal / senior manager
20% of baseAnnual corporate or business-unit bonus; field and sales plans differ in structure.Not publicly disclosed
L7
Technical director / director
25% of baseAnnual corporate or business-unit bonus; field and sales plans differ in structure.Not publicly disclosed
L8
Senior director / vice president
35% of baseCorporate, business-unit and individual short-term incentive with a possible sales or role-specific overlay.Not publicly disclosed
L9
SVP / business president
50% of baseCorporate, business-unit and individual short-term incentive with a possible sales or role-specific overlay.Not publicly disclosed
L10
EVP / C-suite
100% of baseAnnual short-term incentive on the disclosed corporate scorecard with an individual and business-unit modifier.108% to 119% of target for the four current non-CEO named executives in 2025
L11
Chairman, President and CEO
175% of baseAnnual short-term incentive on the corporate scorecard; the 2025 target was $3.0625 million against a $1.75 million salary rate.$3,557,706 paid for 2025, 116% of target
ModeledVerifiedThe 2025 executive scorecard carried 70 percent financial weight and 30 percent strategic. Revenue at 10 percent weight paid 91 percent on $27.73 billion against a $28.00 billion target, adjusted EBITDA at 25 percent paid 82 percent on $4.83 billion against $4.95 billion, adjusted EBITDA margin at 10 percent paid 79 percent on 17.4 percent against 17.7 percent, free cash flow at 15 percent paid 195 percent on $2.73 billion against $2.35 billion, and free-cash-flow conversion at 10 percent paid 200 percent on 57 percent against 47 percent. The strategic blueprint scorecard at 30 percent weight was assessed as partially met at 89 percent. The formula produced 113.5 percent company funding, 86.9 points from financial metrics and 26.6 from strategic priorities.

Executive incentive targets — percent of salary

Chairman, President and CEO
175% of salary
Lorenzo Simonelli, a $3.0625 million target against a $1.75 million salary rate.
EVP and Chief Financial Officer
$800,000 target
Ahmed Moghal, whose first full named-executive year followed his February 2025 appointment.
Chief Growth and Experience Officer
$970,000 target
Maria Claudia Borras, who also took interim responsibility for Industrial and Energy Technology in October 2025.
EVP, Oilfield Services and Equipment
$900,000 target
Amerino Gatti, whose outcome carries a business-unit financial modifier.
Chief Legal Officer
$700,000 target
Georgia Magno.

Named-executive outcomes

ExecutiveTargetPaidAttainment
Lorenzo Simonelli$3,062,500$3,557,706116% of target
Ahmed Moghal$800,000$951,008119% of target
Maria Claudia Borras$970,000$1,124,812116% of target
Amerino Gatti$900,000$971,010108% of target
Georgia Magno$700,000$821,926117% of target

Employee payout timing and history

Company-wide funding was 140 percent of target for both 2023 and 2024 and 113.5 percent for 2025. That is the only broad-population incentive number Baker Hughes publishes. There is no disclosed bonus target by grade, no payout curve, no eligibility rule by level and no payroll month for any country, so the L0 through L9 targets shown here exist purely to make total-reward comparisons possible.

Sales and special incentives

Sales bonus and commission structures exist as a reward category, but quota curves and target percentages by sales grade are not publicly disclosed. Field remuneration is described officially, yet exact rotation, overtime, offshore and per-diem schedules are local and unpublished, which means realised cash for field roles can materially exceed anything a base-salary table implies.


Equity — RSUs, PSUs, Options & ESPP

Two different instruments sit under the word equity at Baker Hughes. The employee stock purchase plan is broad, voluntary and employee-funded at a discount. Restricted and performance share units are employer-granted, discretionary and concentrated among selected talent and leaders, with no published minimum grade and no grant table below the named executives.

Baker Hughes Company 2026 Long-Term Incentive Plan
Approved by shareholders 19 May 2026
Verified
Permits restricted stock units, performance awards, stock options, stock appreciation rights, other stock awards and cash awards over a ten-year term. No evergreen provision, no repricing without shareholder approval, and clawback and restrictive-covenant provisions apply. All employees and directors are legally eligible and roughly 23,200 employees were described as eligible to be selected at 16 March 2026, but actual awards are discretionary.
Reserve: 9.5 million new shares plus 15.261412 million carried from the 2021 plan, a headline pre-adjustment reserve of 24.761412 million
2026 proxy statement and 19 May 2026 annual meeting Form 8-K
Employee Stock Purchase Plan, second amended and restated
Approved by shareholders 19 May 2026
Verified
After-tax payroll deductions of generally 1 to 20 percent of pay, capped at $3,000 per quarter and $12,000 per year, with quarterly purchases at generally 85 percent of fair market value on the exercise date. About 46,700 employees were eligible at 16 March 2026, subject to local law and administrative exclusions, and participation is voluntary.
Reserve: 4.908532 million shares remaining before approval plus 9.5 million added, for 14.408532 million authorised for future purchase
2026 proxy statement and Baker Hughes benefits portal
2021 Long-Term Incentive Plan
Superseded for new grants by the 2026 plan, with carryover mechanics
Verified
The historical source of restricted and performance share unit awards to selected employees and directors. Outstanding awards continue to run under their own terms rather than the 2026 plan summary.
Reserve: 15.261412 million shares remained available at 16 March 2026 before carryover adjustment
2026 proxy statement
Legacy stock options
Outstanding awards may remain; no routine new grants
Verified
Baker Hughes reports no new options granted to officers, directors or key employees since 2019. Legacy awards from the Baker Hughes and GE Oil and Gas structures still govern their holders under the original award terms.
Reserve: 0.581 million shares issued from option exercises during 2025
2025 Form 10-K
  • A claim that all employees above some band receive a set number of shares is not supported by any public evidence. The plan's large selection population establishes potential coverage, not award incidence or grant value by grade.
  • Post-approval utilisation of the 2026 plan and the amended purchase plan is not publicly disclosed. Dividing outstanding awards by authorised shares would mix incompatible dates and instruments, so no utilisation percentage is reported here.
  • Stock-based compensation expense was $203 million in 2025, $202 million in 2024 and $197 million in 2023. That is a company accounting cost and is not equivalent to employee realised value.
  • At the $61.98 reference price the 24.761412 million share reserve is worth about $1.53 billion, the 14.408532 million purchase-plan shares about $893 million, the 9.307 million unvested restricted units about $577 million and the 2.094 million performance units about $130 million at target.

Equity plan capacity and 2025 grant activity

4.372M
Restricted stock units granted in 2025
At a weighted-average grant-date fair value of $44.48. 5.586 million vested and 0.973 million were forfeited during the year.
1.224M
Performance share units granted in 2025
At a weighted-average grant-date fair value of $41.08. 1.328 million vested and 0.344 million were forfeited.
1.561M
Shares issued through the purchase plan in 2025
Employee-funded purchases at a discount rather than a free grant, spread across four quarterly purchase dates.
200.93%
2023 to 2025 performance share payout
The 2022 cycle earned 166.82 percent. The 2025 design weights relative free-cash-flow conversion and absolute return on invested capital equally, with a plus or minus 25 percent relative shareholder return modifier and a 225 percent maximum.

Vesting — common reported employee schedule

Year 1
33%
+33% · annual tranche
Year 2
67%
+34% · annual tranche
Year 3
100%
+33% · annual tranche
Performance cycle
0–225%
+Single three-year cliff · annual tranche

Restricted stock units generally vest either as a three-year cliff or as one third annually over three years, and executive grants use the annual pattern. Performance share units run a single three-year performance cycle and settle on certification anywhere between zero and the plan maximum. The 2026 exhibit set includes a non-executive award form with a one-year cliff, and director awards can vest on a different schedule. Unrecognised cost at the 2025 year end was $185 million over 1.77 years for restricted units and $34 million over 1.64 years for performance units.

Eligibility by hierarchy level

  • The purchase plan is the only equity anyone at any level can rely on, and it is funded from the employee's own after-tax pay at 85 percent of fair market value on the exercise date.
  • Long-term incentive selection is legally possible from L0 upward because the plan makes all employees eligible, but no routine entitlement is evidenced anywhere below L5 and no minimum eligible grade is published at any level.
  • From L5 upward the bundles describe discretionary awards as possible for selected key talent, and from L7 upward as increasingly likely for selected leaders and critical specialists. None of that is a guarantee and none of it comes with a published grant size.
  • Only the L10 and L11 rows carry disclosed target values: $1.5 million to $3.0 million among the current non-CEO named executives in 2025 and $12.75 million for the chief executive.
  • Stock ownership guidelines are six times base salary for the chief executive, three times for the chief financial officer and two times for other executive officers reporting to the chief executive.

Indicative annual grant value by band — Houston

BandAnnual value (USD)MedianShares at $61.98
L10$2.14M$3.56M$2.85M~34,49657,494
L11$9.98M$16.64M$13.31M~161,070268,450

Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $61.98 reference price at 25 August 2026 reference quote and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.

Named executive target equity

ExecutiveTargetUnits / structure
Lorenzo Simonelli
Chairman, President and CEO
$12.75M60% performance share units on a three-year cycle, 40% restricted units vesting one third annually
Ahmed Moghal
EVP and Chief Financial Officer
$3.00M50% performance share units, 50% restricted units, plus a promotion award on his February 2025 appointment
Maria Claudia Borras
Chief Growth and Experience Officer
$3.00M50% performance share units on a three-year cycle, 50% ratable restricted units
Amerino Gatti
EVP, Oilfield Services and Equipment
$2.50M50% performance share units on a three-year cycle, 50% ratable restricted units
Georgia Magno
Chief Legal Officer
$1.50M50% performance share units on a three-year cycle, 50% ratable restricted units
VerifiedThe purchase plan buys shares at generally 85 percent of fair market value on the exercise date, funded by after-tax payroll deductions of roughly 1 to 20 percent of pay and capped at $3,000 per quarter and $12,000 per year with quarterly purchases. About 46,700 employees were eligible at 16 March 2026, subject to local-law and administrative exclusions. No lookback provision is described in the reviewed sources, so the discount should be read against the purchase-date price alone.

Executive Compensation

Executive pay is the best-disclosed part of the Baker Hughes package and it is equity-led. Stock awards were 62.3 percent of the chief executive's 2025 reported total, salary 8.0 percent, and roughly 90 percent of his target direct compensation was performance-based or at risk.

CEO total — Lorenzo Simonelli
$21.36M
Stock awards are 62.3% of the reported total; salary 8% and non-equity incentive 17%
8%
17%
62%
Salary $1.71M
Incentive $3.56M
Equity $13.31M
Salary$1,710,000
Non-equity incentive$3,557,706
Stock awards$13,310,819
Pension and deferred compensation earnings$911,327
All other compensation$1,873,973
Reported total$21,363,825

Reading the package

Lorenzo Simonelli's 2025 total of $21,363,825 breaks down as $1,710,000 of salary at 8.0 percent, $3,557,706 of non-equity incentive at 16.7 percent, $13,310,819 of stock awards at 62.3 percent, $911,327 of pension and deferred-compensation earnings at 4.3 percent and $1,873,973 of all other compensation at 8.8 percent. His 2025 salary rate was $1.75 million, his short-term incentive target 175 percent of that rate and his long-term incentive target $12.75 million split 60 percent performance shares and 40 percent restricted units. The stock figure is a grant-date accounting value under SEC rules rather than cash received.

CEO-to-median-employee ratio
310:1
Median employee $68,720 · The 2026 proxy identifies the median employee from the global workforce using annual total compensation and reasonable estimates permitted by the SEC rule. The ratio was 311 to 1 for 2023 on a $69,676 median and 269 to 1 for 2024 on a $74,104 median. More than 45,000 of about 56,000 employees worked outside the United States at the 2025 year end, so occupational mix and foreign exchange explain much of why a $68,720 global median sits alongside United States technical salaries above $100,000. The ratio is useful for trend context and is not a country-level pay-equity statistic..
Peer CEO comparison
Baker Hughes · Lorenzo Simonelli · 2025$21.36M
2026 proxy statement
TechnipFMC · Douglas Pferdehirt · 2025$17.82M
2026 proxy statement; pay ratio 120:1
SLB · Olivier Le Peuch · 2025$17.35M
2026 proxy statement; pay ratio 123:1
Halliburton · Jeffrey Miller · 2025$16.53M
Third-party summary of the 2026 proxy; lower confidence
NOV · Clay Williams · 2025$12.71M
2026 proxy statement

Baker Hughes reported the highest 2025 chief executive total in this selected oilfield-services peer set, running 19.9 percent above TechnipFMC, 23.2 percent above SLB, 29.3 percent above Halliburton and 68.0 percent above NOV. Peer values should be compared carefully because grant timing, pension accounting, one-time awards and business size all differ, and pay-ratio differences reflect different median-employee populations rather than pay policy alone.


Named Executive Officers & Board

Seven executives appear in the 2025 Summary Compensation Table, five of them current and two former. Regional heads for the Americas, Europe and Asia-Pacific are not disclosed unless they are named executive officers or file an SEC-reportable transaction.

Lorenzo Simonelli · Chairman, President and Chief Executive Officer$21.36M
Salary $1.71M · Cash incentive $3.56M · Stock $13.31M · Other $2.79M · Equity 62.3%
Maria Claudia Borras · Chief Growth and Experience Officer; interim EVP, Industrial and Energy Technology$6.01M
Salary $970K · Cash incentive $1.12M · Stock $3.11M · Other $804K · Equity 51.8%
Ahmed Moghal · EVP and Chief Financial Officer$5.24M
Salary $743K · Cash incentive $951K · Stock $3.13M · Other $419K · Equity 59.7%
Amerino Gatti · EVP, Oilfield Services and Equipment$4.65M
Salary $900K · Cash incentive $971K · Stock $2.59M · Other $190K · Equity 55.7%
Georgia Magno · Chief Legal Officer$3.36M
Salary $669K · Cash incentive $822K · Stock $1.55M · Other $314K · Equity 46.3%
Nancy Buese · Former EVP and Chief Financial Officer$6.07M
Salary $613K · Cash incentive $0 · Stock $4.22M · Other $1.24M · Equity 69.5%
Ganesh Ramaswamy · Former EVP, Industrial and Energy Technology$4.26M
Salary $792K · Cash incentive $0 · Stock $3.11M · Other $356K · Equity 73%

Ahmed Moghal became Chief Financial Officer in February 2025, generating a promotion long-term incentive award on top of his annual grant, and the 2026 proxy contains his first full named-executive year. Maria Claudia Borras took interim responsibility for Industrial and Energy Technology in October 2025 after Ganesh Ramaswamy's departure while retaining the Chief Growth and Experience Officer role. Jim Apostolides became Senior Vice President leading the new Chart segment in July 2026, which makes integration, retention and role mapping live compensation topics that public reporting has not yet caught up with. Muzzamil Khider Ahmed serves as Chief People and Culture Officer but was not individually disclosed in the 2026 proxy summary table.

Board compensation framework

ElementAmountNotes
Annual cash retainer$125,000Paid to every non-employee director for 2025.
Annual equity retainer$180,000Delivered in restricted stock units.
Lead Independent Director premium$40,000Held by John G. Rice, whose 2025 total was $368,900.
Audit Committee chair premium$25,000Committee membership adds a further $10,000.
Human Capital and Compensation Committee chair premium$25,000The committee oversees executive salary, short-term incentive, long-term incentive and equity-plan administration.
Other committee chair premium$20,000Membership of any other committee adds $7,500.
Director stock ownership guideline5x cash retainerMeasured against the $125,000 annual cash retainer.

Reported 2025 director totals ran from $321,500 for Abdulaziz M. Al Gudaimi to $417,200 for W. Geoffrey Beattie, with Gregory D. Brenneman at $411,600, John G. Rice at $368,900, Mohsen Sohi at $349,900, Cynthia B. Carroll at $340,000, Michael Dumais at $327,700 and Shirley Edwards at $322,500. Lynn Elsenhans served a partial year and received $58,600. Director compensation is a governance package rather than an employment band and sits outside the ladder entirely.

Regional heads and other officers

Nancy Buese and Ganesh Ramaswamy are former executives whose 2025 rows are dominated by stock awards and separation-related other compensation rather than incentive pay; neither received a non-equity incentive for 2025. Legacy Baker Hughes pension plans are frozen for future accrual, and current executive retirement value can include deferred-compensation earnings and a supplemental plan that restores company contributions above IRS qualified-plan limits. Executive severance and change-in-control arrangements exist, but no single guaranteed exit value can be computed without applying the triggering event, release conditions, tax treatment and outstanding-award terms.


Insider Trades — SEC Forms 3/4/5

Baker Hughes Company is listed on Nasdaq under BKR, so SEC Forms 3, 4, 5 and 144 are the governing ownership-disclosure system. Indian exchange filings, SEBI insider-trading rules and promoter or SAST schedules do not apply to the parent, and no listed-parent transaction should be inferred from them.

DatePersonTransactionSharesPriceValue
2025-03-10
Lorenzo Simonelli
Chairman, President and CEO
Settlement
Performance share units settled; shares acquired before withholding.
394,196$0
2025-03-10
Lorenzo Simonelli
Chairman, President and CEO
Withholding
Automatic disposition to cover payroll tax on the vesting, not a discretionary open-market sale.
155,117$41.16$6.38M
2026-01-26
Lorenzo Simonelli
Chairman, President and CEO
Settlement
Restricted stock units vested on the annual January cycle.
50,857$0
2026-01-26
Lorenzo Simonelli
Chairman, President and CEO
Withholding
Shares withheld for tax on the January vesting.
17,401$56.29$980K
2026-01-30
Amerino Gatti
EVP, Oilfield Services and Equipment
Settlement
Restricted stock units vested.
9,342$0
2026-01-30
Amerino Gatti
EVP, Oilfield Services and Equipment
Withholding
Tax withholding on the vesting.
2,376$56.04$133K
2026-02-02
Ahmed Moghal
EVP and Chief Financial Officer
Settlement
3,156 and 4,375 restricted stock units vested on 30 January and 2 February 2026.
7,531$0
2026-02-02
Ahmed Moghal
EVP and Chief Financial Officer
Withholding
Weighted representation of two automatic tax-withholding transactions.
1,835$56.28$103K
2026-02-09
Georgia Magno
Chief Legal Officer
Sale
Completed under a Rule 10b5-1 plan; Form 4 filed 11 February 2026. A second bundle instead records a 5,063-share sale at $59.04 on 11 March 2026 under a plan adopted 10 November 2025.
19,150$59.11$1.13M
2026-06-12
Lorenzo Simonelli
Chairman, President and CEO
Purchase
Exercise of the January 2018 option award; the figure is the exercise cost, not a gain.
99,911$35.55$3.55M
2026-06-12
Lorenzo Simonelli
Chairman, President and CEO
Sale
Weighted-average sale price under a Rule 10b5-1 plan adopted 11 March 2026.
181,411$63.36$11.49M
2026-06-15
Ahmed Moghal
EVP and Chief Financial Officer
Sale
20,000 shares held directly and 3,392 indirectly by a spouse, under Rule 10b5-1 plans.
23,392$62.38$1.46M
2026-06-22
Lorenzo Simonelli
Chairman, President and CEO
Purchase
Second June 2026 exercise of the same 2018 option award under a Rule 10b5-1 plan.
99,911$35.55$3.55M
2026-06-22
Lorenzo Simonelli
Chairman, President and CEO
Sale
Weighted-average sale under a Rule 10b5-1 plan; the reported range was $57.54 to $59.32.
181,411$58.43$10.60M

Reading guide

Withholding is not a bearish signalShares are automatically withheld or sold to cover payroll tax when restricted and performance units vest. The March 2025 disposition of 155,117 shares by the chief executive is the largest such line in this table and was mechanical.
Rule 10b5-1 plansEvery open-market sale above was made under a pre-arranged trading plan, so the plan adoption date rather than the trade date is the point at which the decision was taken.
Option exercises need net mathsThe June 2026 exercises used a $35.55 strike. The gross exercise cost is shown, but net economic gain requires matching the exact shares sold, the tax withheld and the remaining holdings.
Form 144 is a noticeA Form 144 announces a proposed sale and is not conclusive evidence that the full amount was sold.
This is not a complete exportThe table covers material open-market activity and representative vesting and withholding lines for the reviewed period. Routine director grants and immaterial lines may be omitted, and a full EDGAR transaction export would show more.

Benefits & Perks

Baker Hughes describes total rewards globally as base pay plus role-aligned corporate, field, sales and long-term incentives, private medical where appropriate in country, life and disability protection, retirement programmes, an employee assistance programme and the stock purchase plan where locally offered. Only the United States detail is published at plan level; almost everything else resolves to a statutory floor rather than a disclosed company enhancement.

United States

  • Retirement401(k) automatic contribution. Baker Hughes contributes 4 percent of eligible pay every pay period whether or not the employee defers anything. [official]
  • Retirement401(k) match. Dollar for dollar on the first 5 percent contributed. An employee deferring 5 percent can see 14 percent of eligible pay deposited, being 5 percent employee, 5 percent match and 4 percent automatic. Empower is the recordkeeper and employee deferrals run 1 to 50 percent of eligible pay subject to IRS limits. [official]
  • Retirement401(k) vesting. Employee contributions are always vested. Public plan guides describe immediately vested company basic and matching contributions alongside a three-year vesting rule on the 4 percent company base contribution, and the plan document controls where the two accounts differ. [official]
  • RetirementSupplemental Retirement Plan. For eligible higher-paid employees, restores the 5 percent basic and 4 percent base contributions on compensation beyond qualified-plan limits and permits deferrals. Eligibility is restricted and is not a general benefit. [official]
  • HealthMedical plans. Three plan options are publicly described including a standard plan and health savings account compatible options, with in-network preventive care covered at 100 percent. [official]
  • HealthVendor ecosystem. UnitedHealthcare for medical and telemedicine, CVS Caremark for prescriptions, Cigna for dental, VSP for vision, Optum for the employee assistance programme, Prudential for long-term disability and Sedgwick for short-term disability administration. Vendor contracts can change. [official]
  • HealthHealth savings and flexible spending accounts. Available with the relevant medical elections, though employer seed amounts were not reliably established for every employee category. [official]
  • FamilyFertility and family support. Kindbody appears in the public United States benefits ecosystem, and current role postings reference parental leave, dependent and partner care, mental-health resources and pet insurance. Coverage limits are not published. [official]
  • ProtectionLife, accident and disability. Basic life, accidental death and dismemberment, business-travel accident and disability coverage form part of the framework, and default coverage may apply where no election is made. [official]
  • EquityEmployee Stock Purchase Plan. Up to $3,000 per quarter and $12,000 per year of after-tax deductions, purchasing at generally 85 percent of fair market value on the exercise date. [official]
  • Time offPaid time off. No single United States wide schedule of days by tenure or employee class was found in the reviewed sources. [npd]

Global programs

  • DevelopmentASPIRE early-career programme. A two-year rotational programme with three rotations. Eligibility and streams vary by function and country and no pay band is published for it. [official]
  • DevelopmentTalent and succession. The 2025 filing describes a unified talent strategy spanning leadership development, performance development, succession planning, talent assessment, individual development plans and mobility. [official]
  • WellbeingEmployee assistance programme. A global employee assistance framework is publicly described, alongside wellbeing measures such as telemedicine, screenings, immunisations, fitness reimbursement and virtual offerings in parts of the footprint. [official]
  • CommunityEmployee resource groups. Company materials describe multiple employee resource groups with thousands of members. Participation is a culture programme rather than compensation. [official]
  • Working patternHybrid and remote work. Role and country dependent. No universal entitlement or days-per-week policy was found, and field roles are inherently site-bound. [npd]
  • Time offSabbatical. No global Baker Hughes sabbatical entitlement was found. [npd]
  • DevelopmentNamed learning platforms. Access to named platforms and any certification reimbursement cap could not be verified as a universal benefit. [npd]
  • MobilityInternational assignments. Assignee and rotator guides exist, but tax equalisation, housing, schooling and home-leave terms are assignment-specific and should never be treated as a normal domestic band add-on. [official]

Benefit fields not publicly quantified

Outside the United States almost every benefit line resolves to a statutory floor. India medical insurer, sum insured, leave-day matrix, National Pension System rate and allowance schedule, Australian employer-paid parental leave and above-minimum superannuation, UK employer pension rate and private medical design, and Gulf, Norwegian, Brazilian, Canadian and Malaysian plan values are all not publicly disclosed. Statutory context is shown so the picture is complete, but a legal minimum is never evidence of a Baker Hughes enhancement.


Performance Review & Pay Progression

Baker Hughes discloses its executive performance architecture in full and discloses nothing about how ordinary employees are rated, ranked or given a merit increase. The interface shows Not publicly disclosed rather than inventing an annual hike month or a bell curve.

Not publicly disclosed

No authoritative global employee rating scale, whether numeric or labelled, was found in any reviewed source.
No forced ranking or bell-curve distribution percentage is published.
No universal annual review timetable exists in public evidence, covering start date, calibration, communication and effective date.
No table of merit increase percentages by rating was found for any country.
No promotion hike percentage by band and no time-in-grade service level agreement is published.
Probation and confirmation rules vary by country and legal entity and no global schedule was found.
No India-wide or global average hike percentage or effective date was established, and employee discussions were too inconsistent to report as policy.
No company-wide salary freeze or universal salary cut was announced for the period from 2025 to August 2026; the reported reduction of 147 roles at a Houston facility in July 2026 is a site-specific action.
Differences in the performance process between the individual-contributor and management tracks are not published.

Modeled promotion planning timeline

BandYears to next scopePromotion hikeStatus
L06–18 months to conversion or L1Not disclosedModeled planning interval
L11.5–3 years to L2Not disclosedModeled planning interval
L22–4 years to L3Not disclosedModeled planning interval
L32–4 years to L4Not disclosedModeled planning interval
L42–5 years to L5Not disclosedModeled planning interval
L53–5 years to L6Not disclosedModeled planning interval
L63–6 years to L7Not disclosedModeled planning interval
L73–6 years to L8Not disclosedModeled planning interval
L8Variable; vacancy drivenNot disclosedModeled planning interval
L9Variable; segment successionNot disclosedModeled planning interval
L10Board and chief executive successionNot disclosedModeled planning interval
L11Not applicableNot disclosedModeled planning interval

The progression model behind this report is a planning framework rather than a Baker Hughes promotion commitment. Typical time before the next level runs 6 to 18 months at intern, 1.5 to 3 years at entry operations, 2 to 4 years through Engineer II, 2 to 5 years at senior engineer, 3 to 5 years at lead or staff and 3 to 6 years from principal through director, after which movement is vacancy driven. The gates shift from technical qualification and safety at entry, through independent delivery and project ownership, to cross-team leadership or recognised specialist depth at senior levels and enterprise scope or succession readiness above that. In technical disciplines a promotion can be achieved on the individual-contributor ladder without becoming a people manager, so title alone can understate technical scope.

Pay progression evidence

Modelled promotion cash uplift runs 8 to 15 percent through the early levels, 10 to 16 percent at senior engineer, 10 to 20 percent through principal and senior manager and 12 to 22 percent at director, with L8 and above priced to the role rather than to a percentage. These are generic market-planning assumptions and must never be used to promise any Baker Hughes employee a raise. Two effects matter more than the merit percentage in practice: field roles can experience much larger year-to-year swings in realised cash from overtime, travel and rotation mix than from any salary change, and the Chart integration is likely to generate title matching, job evaluation and retention-award activity that has no published schedule.


H-1B / LCA Visa Footprint — United States

Baker Hughes is a light H-1B sponsor for its size and its filings cluster in Houston. Three Department of Labor derived aggregators expose 16, 14 and 13 records for FY2025 depending on entity naming and fiscal cut-off, and the discrepancy is retained here rather than forced into one number.

FY2025 median wage
$134,250
Consolidated median across the 16-record Department of Labor derived company profile.
FY2025 average wage
$143,915
From the same profile, against an average prevailing wage of $118,157. A second entity view gives $143,239.
Visible 2025 subset median
$137,727
Across the 13 to 15 publicly visible wage records, with a $112,750 lower quartile and a $149,601 upper quartile.
Wage span
$85,076–$175,470
From a service delivery field technical crew lead in Victoria, Texas to a principal enterprise architect in Houston, excluding a $410,400 accounting-officer outlier.
FY2025 petition decisions
11 approvals, 0 denials
USCIS I-129 view, after 11 approvals and 1 denial in FY2024 and 3 approvals with no denials in the FY2026 partial year to 18 August 2026.
FY2026 filings to date
5 labour condition applications
As of 18 August 2026 in the entity view. Small annual samples make any derived percentage volatile.

Dataset summary

DatasetResultInterpretation
Ellis, Baker Hughes Company profile16 FY2025 labour condition applications, $134,250 medianA Department of Labor derived consolidated company profile spanning seven states.
MyVisaJobs, Baker Hughes, Inc.14 FY2025 applications, all certifiedThe same view reports 22 certified for FY2024 and 14 certified with 1 denied in a historical FY2023 view.
H1BData 2025 employer page13 visible wage recordsThe narrowest view. Its percentile spread of $112,750, $137,727 and $149,601 is descriptive of the visible records only.
USCIS I-129 petition view11 approvals and no denials for FY2025Petition decisions are a different event from labour condition certifications and the two counts should never be combined.
H1BTrends multi-year view$131,923 medianA broader historical period rather than an FY2025-only figure.

City-level H-1B wage history

CityP25MedianP75Records
Houston, TX
Headquarters and the overwhelming majority of filings across all indexed years.
$84K$137,800$410K38
Tomball, TX
Technical training and manufacturing campus north-west of Houston.
$134K$137,700$191K5
Billerica, MA
Manufacturing engineering roles at the Massachusetts site.
$101K$104,500$123K4
Deer Park, TX
Valve and rotating equipment manufacturing engineering.
$115K$120,000$130K3
Sugar Land, TX
A small but high-wage Houston-area cluster.
$105K$161,000$171K3
Midland, TX
Permian Basin field support; only two records and an extremely wide spread.
$46K$103,400$161K2
New York, NY
Machine learning and digital roles rather than oilfield engineering.
$130K$132,900$136K2

All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.

Selected title / worksite records

TitleWorksiteProffered wageNotes
Senior VP, Controller and Chief Accounting OfficerHouston, TX$410,400A senior accounting-officer outlier that should never be used as an engineering benchmark.
Principal Enterprise ArchitectHouston, TX$175,470The top technical filing in the visible 2025 set and a direct calibration point for the L6 band.
Senior Director, Cyber Security ArchitectureHouston, TX$160,600Calibrates the L7 director band on the security side.
Global Treasury Systems and Project ManagerHouston, TX$150,000A corporate function filing rather than an engineering one.
Senior Diagnostic Engineer, Digital ServicesHouston, TX$149,601The clearest L4 senior engineer calibration point in the dataset.
Lead Finance Specialist, Data and AnalyticsHouston, TX$144,050Reported as $144,100 in one aggregator view and $144,050 in another.
Function Technical Training LeaderTomball, TX$137,727The single record that sets the visible-subset median.
Machine Learning EngineerNew York, NY$135,850Digital and data roles filed outside Texas sit at broadly the same level.
Lead Engineer, Mechanical EngineeringHouston, TX$112,750The lower quartile of the visible set and a calibration point for the L5 band.
Lead Manufacturing EngineerBillerica, MA$105,000Manufacturing engineering filings sit consistently below Houston digital and architecture roles.
Service Delivery Field Technical Crew Lead IIVictoria, TX$85,076The floor of the visible set, and a field role whose realised cash can include overtime and per diem that the wage record excludes.

Reading the data correctly

  • A labour condition application is a Department of Labor wage and working-condition filing. It does not prove that a worker started, and an approved USCIS petition is a separate event.
  • Entity naming, amendments, transfers and continuation cases cause aggregator counts to differ. Three sources give 16, 14 and 13 FY2025 records for the same company.
  • The precise FY2025 consolidated 25th and 75th percentiles were never published. The quartiles shown are descriptive of the publicly visible subset and are not official company statistics.
  • The city table is a multi-year company-entity history rather than an FY2025-only view, so its medians should not be compared directly with the FY2025 consolidated figures.
  • H-1B wages are offered base salaries for specific certified roles and locations. They exclude bonus, equity, overtime, per diem and field or rotation premiums entirely.
  • Approval rates look high in the reviewed data, but with roughly a dozen petitions a year a single denial moves the percentage several points.

Key Nuances & Insights

01There is no defensible public Baker Hughes band map

No filing or careers source exposes a global numbered grade sequence such as Band 1 to Band 12 or a title-to-grade lookup. The 2017 combination with GE Oil and Gas, subsequent operating-model changes and the July 2026 Chart acquisition make any single inferred legacy grade map especially unreliable. Labelling the L0 to L11 taxonomy in this report as official would be misleading, so every non-executive row carries an evidence tier instead.

02The stock purchase plan and the incentive plan solve different problems

The purchase plan is broad, voluntary and funded from the employee's own after-tax pay at a 15 percent discount. Restricted and performance share units are employer-granted, discretionary and concentrated among selected talent and leaders. Treating them as one equity story overstates what an ordinary employee can count on by a wide margin.

03A 23,200-person selection population is not a grant rate

The proxy establishes that roughly 23,200 employees were eligible to be selected under the 2026 plan. It says nothing about how many actually receive an award, how much any grade gets or how often. The 2026 exhibit set does include a non-executive award form with a one-year cliff, which proves equity is not legally restricted to executives, but proof of possibility is not proof of prevalence.

04Field cash can exceed office cash at the same band

Overtime, rotation, offshore premiums, per diem and travel days can dominate realised compensation for field roles. Australian field engineer observations run from about A$79,000 to A$200,000 and Aberdeen wireline field engineer pay sits well above office engineer pay. The model in this report excludes all of it, so a field offer will routinely beat the table.

05Employer benefit loads are not pay

The source bundle computed total rewards as base multiplied by one plus the target variable percentage plus an employer-benefit load of 12 percent in the United States, 8 percent in India, 13 percent in the United Kingdom, 12 percent in Australia, 15 percent in Italy and Norway, 10 percent across the Gulf, 16 percent in Brazil, 14 percent in Canada and 12 percent in Singapore and Malaysia. Those loads are employer cost, not employee pay, and have been stripped here.

06The pay ratio is a geography statistic as much as a pay statistic

More than 45,000 of about 56,000 employees worked outside the United States at the 2025 year end. Occupational mix and foreign exchange explain much of why a $68,720 global median coexists with United States technical salaries above $100,000, and why the ratio moved from 311 to 1 in 2023 to 269 to 1 in 2024 and back to 310 to 1 in 2025.

07Executive pay is equity-led

About 62 percent of the chief executive's 2025 reported compensation was stock awards and roughly 90 percent of his target direct compensation was at risk or performance based. A cash-only comparison is inappropriate at L10 and L11, and the reported stock figure is a grant-date accounting value rather than realised value.

08The Chart acquisition increases harmonisation risk

Chart Industries became a third reporting segment on 16 July 2026 with $325 million of targeted annualised cost synergies by year three. Title matching, benefits migration, retention awards and salary architecture may all evolve before public reporting catches up, and the combined headcount has not been publicly restated.

09Legacy award terms still govern their holders

Outstanding grants and inherited plan documents from the Baker Hughes and GE Oil and Gas structures coexist with the 2026 plan. Award-level terms rather than the current plan summary determine vesting, which is why any integration data model should store source company and legacy system as fields rather than forcing every role into one purported grade.

10The India multiple is nominal, not a cost-saving ratio

The senior engineer band models at about 6.4 times the Indian figure in United States dollars, and one bundle puts a Houston engineer midpoint at roughly 9.6 times an Indian software engineer midpoint. Role mix, customer proximity, shift and field premiums, scarcity, taxes and benefits all prevent direct conversion of one geography's salary into another's offer.

11Public salary sites carry title and sample bias

A Senior Engineer in turbomachinery, embedded software, subsea or field diagnostics can hold very different scope. Indian senior project manager submissions span 2.8 million to 10 million rupees, and a UK engineering manager range runs 55,000 to 100,000 pounds. Wide spans indicate role mixture rather than a tight internal band.

12Insider dispositions are mostly mechanical

The largest single line in the insider table, 155,117 shares disposed by the chief executive in March 2025, was automatic tax withholding on a performance award settlement rather than a discretionary sale. Every open-market sale shown was made under a pre-arranged Rule 10b5-1 plan, so the adoption date rather than the trade date is when the decision was taken.

Research control

Against SLB, Halliburton, TechnipFMC and NOV, Baker Hughes reported the highest 2025 chief executive total at $21.36 million, 19.9 percent above TechnipFMC, 23.2 percent above SLB, 29.3 percent above Halliburton and 68.0 percent above NOV. Its 310 to 1 pay ratio is also far above the 120 to 1 at TechnipFMC and 123 to 1 at SLB, but that gap is driven by median-employee population rather than by pay policy: Baker Hughes counts more than 45,000 international employees against about 11,000 in the United States. At employee level no oilfield-services peer publishes a grade crosswalk, so the peer mappings in the band table are scope-based orientation only.

Evidence classification

LabelMeaningExamples and permitted use
VerifiedAn official filing, plan document, government rule, company benefit page or official Baker Hughes job posting with a date and a stated scope.Quote it. Executive pay, the pay ratio, plan terms, share reserves, 401(k) mechanics, statutory superannuation and posted salary ranges all sit here.
ReportedEmployee-submitted pay, an H-1B labour condition application or a third-party salary record where several sources converge on a role.Use for orientation and cross-checking. Sample size, job family and geography must be shown alongside the number.
ModeledThe Houston anchor multiplied by a city calibration factor and the 25 August 2026 foreign-exchange snapshot, inside a plus or minus 15 percent planning envelope.Scenario comparison only. Never an offer, never a quote of a Baker Hughes band.
Not publicly disclosedThe source set contains no authoritative evidence for the item.Say so. Do not substitute a market average for a company disclosure.

Explicit “Not publicly disclosed” index

Official global band and grade codes, and any title-to-grade mapping.
Country and city headcount for every market, including India and the United States.
Base salary grids by official grade in every country.
Broad-employee bonus target percentages, eligibility rules and payout curves by grade.
A universal annual review month and any country hike cycle or average hike percentage.
Rating labels, forced distribution and the merit-increase matrix.
Promotion time-in-grade service levels and promotion hike percentages.
Long-term incentive minimum grade, selection rate and grant value below the named executives.
Post-May-2026 utilisation of the 2026 incentive plan and the amended purchase plan.
India medical insurer, sum insured, leave-day matrix, National Pension System rate and allowance schedule.
Australian employer-paid parental leave duration and any above-minimum superannuation.
UK employer pension contribution rate and private-medical plan design.
Any global lateral-versus-internal pay gap at the same level.
Regional president compensation where the individual is not a named executive officer.
A post-Chart consolidated employee count for August 2026.

Known gaps and diligence before relying on a cell

  1. 1The bundles disagree on Georgia Magno's 2026 open-market sale. One records 19,150 shares at $59.11 on 9 February 2026 under a Form 4 filed 11 February; the other records 5,063 shares at $59.04 on 11 March 2026 under a plan adopted 10 November 2025. Both are shown as one line with the discrepancy noted, because neither is traceable to a single reproduced filing in the source set.
  2. 2The bundles also disagree on which chief executive vesting event to show. One reports a 394,196-share performance settlement on 10 March 2025 with 155,117 shares withheld at $41.16; the other reports a 50,857-share restricted unit vest on 26 January 2026 with 17,401 withheld at $56.29. Both are retained because they are different events in different years rather than competing accounts of one event.
  3. 3FY2025 H-1B record counts differ across three Department of Labor derived aggregators at 16, 14 and 13. The 16-record consolidated median of $134,250 is used as the headline because it is the widest entity view, and the 13-record visible subset supplies the quartiles because the consolidated quartiles were never published.
  4. 4The source bundle loaded 8 to 16 percent of employer benefit cost into its total-reward figures. Those loads have been stripped so that total equals base plus target variable, which makes every total in this report lower than the corresponding figure in the underlying bundle.
  5. 5Equity is set to zero for the L0 through L9 bands because no routine long-term incentive entitlement is evidenced below the executive tier. That is a real zero rather than a missing value, but it understates the package for the unknown share of senior employees who are actually selected for an award.
  6. 6The location factors applied to the L10 and L11 rows are a mechanical extension of the ladder model. Those two rows are United States dollar proxy disclosures and should be read at the Houston anchor in every market.
  7. 7City factors come from the bundle's own calibration table and in two cases sit above what the visa data implies. Oklahoma City is modelled at 0.90 of Houston against a visa city median ratio of about 0.79, and Claremore at 0.86 against about 0.83. Both visa samples contain only two records.
  8. 8No Baker Hughes-specific pay sample of adequate size was found for the United Arab Emirates, Qatar, Norway or Brazil. Those markets are modelled from regional and occupational benchmarks and carry the lowest confidence in the table.
  9. 9Three cities present in the source bundle have been dropped from this table for lack of distinct evidence: Massa and Talamona in Italy and Kolkata in India. A New Zealand placeholder market in one bundle has also been dropped because it carried no compensation evidence at all.
  10. 10The 2025 median employee compensation of $68,720 and the headcount of about 56,000 both predate the Chart Industries acquisition. Any 2026 comparison against them will be measuring a different company.

FX rates used — 1 USD equals, snapshot 2026-08-25

95.72028
INR
0.733986
GBP
1.398601
AUD
0.858042
EUR
3.6725
AED
3.75
SAR
3.64
QAR
0.3845
OMR
1.271329
SGD
9.29
NOK
5.1431
BRL
1.386154
CAD
4.042657
MYR

Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.

Source register — 18 sources

O12025 Form 10-K · Baker Hughes Company via SEC EDGAR · Filed 5 February 2026. Headcount, geographic revenue split, attrition, stock-based compensation expense, grant and vesting activity, restructuring charges.
O22026 Definitive Proxy Statement · Baker Hughes Company via SEC EDGAR · Filed 30 March 2026. Named executive compensation, pay ratio, incentive scorecard and attainment, long-term incentive design, plan reserves, eligible populations, board retainers and ownership guidelines.
O3Full-year 2025 results release · Baker Hughes investor relations · 25 January 2026. Revenue, adjusted EBITDA and free cash flow used in the incentive scorecard.
O4Chart Industries acquisition completion release · Baker Hughes investor relations · 16 July 2026. New segment creation, leadership appointment and integration context.
O5Annual meeting Form 8-K · Baker Hughes Company via SEC EDGAR · 19 May 2026. Approval of the 2026 Long-Term Incentive Plan and the amended Employee Stock Purchase Plan.
O6United States benefits portal · bakerhughesbenefits.com · Accessed August 2026. 401(k) automatic contribution, match, vesting and recordkeeper; medical plan options; vendor ecosystem; purchase plan mechanics; supplemental retirement plan.
O7Careers rewards and benefits pages and job postings · careers.bakerhughes.com · Accessed 26 August 2026. Global reward framework, ASPIRE programme, posted United States and Italian salary ranges used as band anchors.
O8Company leadership page · bakerhughes.com · Accessed 26 August 2026. Current enterprise leadership and role titles.
O9SEC ownership filings, Forms 4 and 144 · SEC EDGAR, CIK 1701605 · Through August 2026. Insider settlements, tax withholding, option exercises and open-market sales.
M1United States market observations · Glassdoor Houston, Indeed, PayScale and Comparably · Accessed August 2026. Houston anchor cross-checks for engineer, manager, director and managing director total pay.
M2India market observations · Glassdoor India, Indeed India, AmbitionBox and 6figr · Accessed August 2026. Bangalore anchor calibration for software, lead, staff and management roles.
M3United Kingdom and Australia market observations · Glassdoor, Indeed, PayScale and SEEK · Accessed August 2026. London, Aberdeen, Perth and Brisbane calibration including field and rotation spread.
M4Rest-of-world market observations · Glassdoor, Bayt, Indeed, Jobstreet and Tekna · Accessed August 2026. Italy, Singapore, Gulf, Norway, Brazil, Canada and Malaysia anchors, with the lowest confidence of any source class.
H1Foreign Labor Certification disclosure data · United States Department of Labor · FY2023 to FY2026 partial. The underlying labour condition application record set.
H2Visa sponsor aggregator profiles · Ellis, H1BGrader, H1BData and MyVisaJobs · Accessed 18 August 2026. FY2025 medians, averages, visible wage records, city history and petition decision counts, with three conflicting record counts retained.
F1Daily exchange rates · Reserve Bank of Australia · 25 August 2026. Cross rates for INR, GBP, AUD, EUR, SGD, CAD and MYR.
F2Peg and central-bank references · Central Bank of the UAE, SAMA, Norges Bank and Banco Central do Brasil · 25 August 2026. AED, SAR, QAR and OMR pegs plus NOK and BRL references.
G1Statutory benefit frameworks · ATO, Fair Work Ombudsman, EPFO, India Ministry of Labour and UK Government · Current at August 2026. Superannuation guarantee, National Employment Standards leave, Provident Fund, gratuity, maternity benefit, UK holiday entitlement and workplace pension minimums.

Recent News & Workforce Trend

The compensation-relevant story of the last eighteen months is portfolio change rather than pay change: a divestiture in January 2026, a new equity plan in May, a large acquisition in July, and no company-wide salary action of any kind.

~58,700
2023 employees
The population identified for the 2023 pay-ratio calculation at 2 October 2023, on a $69,676 median and a 311 to 1 ratio.
~57,000
2024 employees
Year-end headcount with 6.0 percent voluntary attrition, a $74,104 median and a 269 to 1 ratio.
~56,000
2025 employees
Year-end headcount with 5.4 percent voluntary attrition, more than 45,000 outside the United States, a $68,720 median and a 310 to 1 ratio.
Not restated
2026 employees
The Chart Industries acquisition closed on 16 July 2026 and the combined headcount has not been publicly restated.

Headcount has fallen by roughly 2,700 across three years while the perimeter itself kept moving, so the trend is not a clean like-for-like series. The 2023 figure is a pay-ratio population measured in October rather than a year-end count, the January 2026 sale of Precision Sensors and Instrumentation for $1.15 billion removed employees, and the July 2026 Chart acquisition added a whole new segment. The 2025 Form 10-K also records $215 million of restructuring charges largely for employee termination and footprint actions, which is a real workforce cost but is not evidence of any compensation freeze.

FY2025 revenue by geography

$7.700B
United States
$20.033B
International

Baker Hughes disclosed a two-way geographic split for FY2025 rather than a full regional breakdown. The 72 percent international revenue share is consistent with the workforce split of more than 45,000 of about 56,000 employees outside the United States, and both help explain why the SEC median employee sits at $68,720 while United States technical salaries run above $100,000.

16 Jul 2026
Chart Industries acquisition completed

Chart became a third Baker Hughes reporting segment with $325 million of targeted annualised cost synergies by year three, and Jim Apostolides was appointed Senior Vice President to lead it. Title matching, benefits migration, retention awards and salary architecture are now live variables that public reporting has not caught up with.

Baker Hughes investor relations
1 Jul 2026
Houston facility workforce reduction reported

A WARN-related report described 147 roles affected at an Emmott Road facility in Houston. This is a site-specific action and should not be generalised into evidence of a global pay freeze or an enterprise compensation reset.

Press and WARN reporting
12 Jun 2026
Chief executive exercises 2018 options under a trading plan

Lorenzo Simonelli exercised 99,911 options at a $35.55 strike and sold 181,411 shares at a $63.36 weighted average, repeating both on 22 June at a $58.43 average, all under a Rule 10b5-1 plan adopted 11 March 2026.

SEC Form 4
19 May 2026
Shareholders approve the 2026 incentive plan and amended purchase plan

The 2026 Long-Term Incentive Plan added 9.5 million shares on top of 15.261412 million carried from the 2021 plan, and the amended Employee Stock Purchase Plan added 9.5 million shares for a 14.408532 million total authorised for future purchase. Neither plan carries an evergreen provision and repricing requires shareholder approval.

Annual meeting Form 8-K
30 Mar 2026
2026 proxy discloses 2025 executive outcomes

Chief executive compensation of $21,363,825, a 310 to 1 pay ratio against a $68,720 median, company short-term incentive funding of 113.5 percent and a 2023 to 2025 performance share payout of 200.93 percent of target.

2026 proxy statement
5 Feb 2026
2025 Form 10-K filed

About 56,000 employees at year end with more than 45,000 outside the United States, $27.733 billion of revenue split $7.700 billion domestic and $20.033 billion international, and $215 million of restructuring charges largely for employee termination and footprint actions.

2025 Form 10-K
25 Jan 2026
Full-year 2025 results

Revenue of $27.7 billion, adjusted EBITDA of $4.825 billion and free cash flow of $2.732 billion. Free cash flow and its conversion were the two scorecard metrics that paid at or near maximum, at 195 and 200 percent, and carried an otherwise below-target year to 113.5 percent funding.

Baker Hughes investor relations
5 Jan 2026
Precision Sensors and Instrumentation divestiture closed

The $1.15 billion cash sale changed the employee and business perimeter, which is one reason the 2025 and 2026 headcount figures are not directly comparable.

Baker Hughes investor relations
24 Oct 2025
Interim leadership change in Industrial and Energy Technology

Maria Claudia Borras was named interim EVP for Industrial and Energy Technology after Ganesh Ramaswamy's departure, while retaining the Chief Growth and Experience Officer role. Her 2025 incentive outcome reflects both.

2026 proxy statement
24 Feb 2025
Chief financial officer transition completed

Ahmed Moghal became Chief Financial Officer in February 2025, which generated a promotion long-term incentive award in addition to his annual grant and made 2025 his first named-executive year.

2026 proxy statement
Last updated 2026-08-27