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.
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
Analytical BH-A ladder — L5 through L9 leadership
Executive — L10 and L11 proxy disclosure
Disclosed executive layer
Track divergence
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
| Band | Archetype | Peer mapping | Caveat |
|---|---|---|---|
| L0 | Intern / Apprentice | SLB, Halliburton and TechnipFMC intern and apprentice programmes | Scope-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. |
| L1 | Entry operations / graduate | SLB field engineer trainee, Halliburton operator assistant, NOV associate technician | Field 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. |
| L2 | Engineer / professional I | SLB field engineer, Halliburton associate technical professional, NOV engineer I | Job 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. |
| L3 | Engineer II / specialist | SLB senior field engineer, Halliburton technical professional, TechnipFMC engineer II | Scope-based orientation only; Baker Hughes publishes no peer-level equivalence. |
| L4 | Senior engineer / senior specialist | SLB senior engineer, Halliburton senior technical professional, NOV senior engineer | A 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. |
| L5 | Lead / staff / manager | SLB principal engineer or line manager, Halliburton team lead, TechnipFMC lead engineer | Lead 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. |
| L6 | Principal / senior manager | SLB technical adviser, Halliburton principal technical professional, NOV engineering manager | Management 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. |
| L7 | Technical director / director | SLB director or technology manager, Halliburton director, TechnipFMC director | Director 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. |
| L8 | Senior director / vice president | SLB vice president, Halliburton vice president, NOV vice president | Carrying 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. |
| L9 | SVP / business president | SLB division president, Halliburton senior vice president, TechnipFMC segment leader | Segment 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. |
| L10 | EVP / C-suite | SLB, Halliburton, TechnipFMC and NOV named executive officers | Grant 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. |
| L11 | Chairman, President and CEO | Olivier Le Peuch at SLB, Jeff Miller at Halliburton, Douglas Pferdehirt at TechnipFMC | Baker 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.
| Band | Title | Base | Variable | Total TC | Equity |
|---|---|---|---|---|---|
| L0 | Intern / Apprentice 0–1 years · modeled | $38K – $52K | — | $45K $38K – $52K | — |
| L1 | Entry operations / graduate 0–3 years · modeled | $51K – $69K | 5% | $63K $54K – $72K | — |
| L2 | Engineer / professional I 2–5 years · modeled | $70K – $94K | 7% | $88K $75K – $101K | — |
| L3 | Engineer II / specialist 4–8 years · modeled | $83K – $113K | 10% | $108K $92K – $124K | — |
| L4 | Senior engineer / senior specialist 7–12 years · reported | $102K – $138K | 12% | $134K $114K – $155K | — |
| L5 | Lead / staff / manager 9–15 years · reported | $121K – $163K | 15% | $163K $139K – $188K | — |
| L6 | Principal / senior manager 12–18 years · reported | $140K – $190K | 20% | $198K $168K – $228K | — |
| L7 | Technical director / director 15–22 years · reported | $162K – $219K | 25% | $238K $202K – $273K | — |
| L8 | Senior director / vice president 18–25+ years · modeled | $196K – $265K | 35% | $311K $264K – $357K | — |
| L9 | SVP / business president 20–30+ years · modeled | $255K – $345K | 50% | $450K $383K – $518K | — |
| L10 | EVP / C-suite 20–30+ years · verified | $698K – $945K | 100% | $5.00M $4.25M – $5.75M | $2.85M |
| L11 | Chairman, President and CEO 25–35+ years · verified | $1.45M – $1.97M | 175% | $21.36M $18.16M – $24.57M | $13.31M |
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.
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.
Office and market catalogue — calibration factors versus Houston
| Location | Likely office profile | Presence | Base | TC |
|---|---|---|---|---|
Houston United States · USD | Headquarters, corporate, engineering, digital, commercial and field-service hub | Official corporate headquarters | 1.00× | 1.00× |
Tomball United States · USD | Technical training, manufacturing and services campus | H-1B worksite of record; visa median within $100 of the Houston median | 1.00× | 1.00× |
Oklahoma City United States · USD | Operations, field service and manufacturing | Regional operations centre | 0.90× | 0.90× |
Denver United States · USD | Technical, digital and regional commercial | Regional coverage | 1.08× | 1.08× |
Claremore, OK United States · USD | Manufacturing, engineering and service | H-1B worksite of record | 0.86× | 0.86× |
Minden, LA United States · USD | Manufacturing and operations | Manufacturing site | 0.82× | 0.82× |
Bangalore India · INR | Engineering, digital, product development and shared services | Largest disclosed India technology footprint | 0.10× | 0.10× |
Mumbai India · INR | Commercial, finance and regional leadership | Regional commercial office | 0.11× | 0.11× |
Pune India · INR | Engineering and delivery | Engineering centre | 0.10× | 0.10× |
Chennai India · INR | Engineering, services and delivery | Engineering and services centre | 0.10× | 0.10× |
London United Kingdom · GBP | Corporate, commercial and regional leadership | Regional corporate office | 0.70× | 0.70× |
Aberdeen United Kingdom · GBP | North Sea client-facing engineering and field service | Established North Sea base | 0.64× | 0.64× |
Bristol United Kingdom · GBP | Engineering and technology | Engineering site | 0.61× | 0.61× |
Newcastle United Kingdom · GBP | Engineering and manufacturing | Manufacturing site | 0.55× | 0.55× |
Perth Australia · AUD | Energy client-facing engineering, projects and field service | Australian operations headquarters | 0.86× | 0.86× |
Brisbane Australia · AUD | Regional commercial, engineering and operations | Regional office | 0.79× | 0.79× |
Florence Italy · EUR | Turbomachinery engineering and manufacturing hub for Industrial and Energy Technology | Major European manufacturing and engineering centre | 0.30× | 0.30× |
Bari Italy · EUR | Engineering and manufacturing | Manufacturing site | 0.25× | 0.25× |
Dubai United Arab Emirates · AED | Regional headquarters, commercial and client-facing functions | Middle East regional hub | 0.29× | 0.29× |
Abu Dhabi United Arab Emirates · AED | Client-facing engineering and operations | Client-facing operations base | 0.28× | 0.28× |
Dhahran Saudi Arabia · SAR | Major client-facing field service and commercial hub | Principal Saudi operations base | 0.43× | 0.43× |
Doha Qatar · QAR | Client-facing commercial and service | Country office | 0.32× | 0.32× |
Muscat Oman · OMR | Client-facing engineering and service | Country office | 0.28× | 0.28× |
Singapore Singapore · SGD | Asia-Pacific commercial, engineering and regional functions | Asia-Pacific regional hub | 0.21× | 0.21× |
Stavanger Norway · NOK | North Sea engineering and field service | Norwegian continental shelf base | 1.26× | 1.26× |
Oslo Norway · NOK | Corporate, technology and regional functions | Country office | 1.34× | 1.34× |
Rio de Janeiro Brazil · BRL | Regional commercial, engineering and service | Latin America regional centre | 0.10× | 0.10× |
Macaé Brazil · BRL | Offshore field-service centre | Offshore service base | 0.09× | 0.09× |
Calgary Canada · CAD | Energy engineering, commercial and field service | Canadian operations base | 0.72× | 0.72× |
Kuala Lumpur Malaysia · MYR | Regional operations, shared services and engineering | Asia-Pacific shared-services centre | 0.13× | 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
| Band | Base | Stock | Bonus | Other | Total |
|---|---|---|---|---|---|
| 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.
| Band | Target | Mechanism | Recent payout |
|---|---|---|---|
L0 Intern / Apprentice | 0% of base | No intern or apprentice incentive is assumed or evidenced. | Not publicly disclosed |
L1 Entry operations / graduate | 5% of base | Role-aligned corporate, field or sales incentive where the role is eligible. | Not publicly disclosed |
L2 Engineer / professional I | 7% of base | Role-aligned corporate, field or sales incentive where the role is eligible. | Not publicly disclosed |
L3 Engineer II / specialist | 10% of base | Role-aligned corporate, field or sales incentive where the role is eligible. | Not publicly disclosed |
L4 Senior engineer / senior specialist | 12% of base | Role-aligned corporate, field or sales incentive where the role is eligible. | Not publicly disclosed |
L5 Lead / staff / manager | 15% of base | Annual corporate or business-unit bonus; field and sales plans differ in structure. | Not publicly disclosed |
L6 Principal / senior manager | 20% of base | Annual corporate or business-unit bonus; field and sales plans differ in structure. | Not publicly disclosed |
L7 Technical director / director | 25% of base | Annual corporate or business-unit bonus; field and sales plans differ in structure. | Not publicly disclosed |
L8 Senior director / vice president | 35% of base | Corporate, business-unit and individual short-term incentive with a possible sales or role-specific overlay. | Not publicly disclosed |
L9 SVP / business president | 50% of base | Corporate, business-unit and individual short-term incentive with a possible sales or role-specific overlay. | Not publicly disclosed |
L10 EVP / C-suite | 100% of base | Annual 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 base | Annual 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 |
Executive incentive targets — percent of salary
Named-executive outcomes
| Executive | Target | Paid | Attainment |
|---|---|---|---|
| Lorenzo Simonelli | $3,062,500 | $3,557,706 | 116% of target |
| Ahmed Moghal | $800,000 | $951,008 | 119% of target |
| Maria Claudia Borras | $970,000 | $1,124,812 | 116% of target |
| Amerino Gatti | $900,000 | $971,010 | 108% of target |
| Georgia Magno | $700,000 | $821,926 | 117% 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.
- 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
Vesting — common reported employee schedule
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
| Band | Annual value (USD) | Median | Shares at $61.98 |
|---|---|---|---|
| L10 | $2.14M – $3.56M | $2.85M | ~34,496–57,494 |
| L11 | $9.98M – $16.64M | $13.31M | ~161,070–268,450 |
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
| Executive | Target | Units / structure |
|---|---|---|
Lorenzo Simonelli Chairman, President and CEO | $12.75M | 60% performance share units on a three-year cycle, 40% restricted units vesting one third annually |
Ahmed Moghal EVP and Chief Financial Officer | $3.00M | 50% performance share units, 50% restricted units, plus a promotion award on his February 2025 appointment |
Maria Claudia Borras Chief Growth and Experience Officer | $3.00M | 50% performance share units on a three-year cycle, 50% ratable restricted units |
Amerino Gatti EVP, Oilfield Services and Equipment | $2.50M | 50% performance share units on a three-year cycle, 50% ratable restricted units |
Georgia Magno Chief Legal Officer | $1.50M | 50% performance share units on a three-year cycle, 50% ratable restricted units |
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.
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.
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.
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
| Element | Amount | Notes |
|---|---|---|
| Annual cash retainer | $125,000 | Paid to every non-employee director for 2025. |
| Annual equity retainer | $180,000 | Delivered in restricted stock units. |
| Lead Independent Director premium | $40,000 | Held by John G. Rice, whose 2025 total was $368,900. |
| Audit Committee chair premium | $25,000 | Committee membership adds a further $10,000. |
| Human Capital and Compensation Committee chair premium | $25,000 | The committee oversees executive salary, short-term incentive, long-term incentive and equity-plan administration. |
| Other committee chair premium | $20,000 | Membership of any other committee adds $7,500. |
| Director stock ownership guideline | 5x cash retainer | Measured 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.
| Date | Person | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| 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
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
- Retirement — 401(k) automatic contribution. Baker Hughes contributes 4 percent of eligible pay every pay period whether or not the employee defers anything. [official]
- Retirement — 401(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]
- Retirement — 401(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]
- Retirement — Supplemental 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]
- Health — Medical 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]
- Health — Vendor 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]
- Health — Health savings and flexible spending accounts. Available with the relevant medical elections, though employer seed amounts were not reliably established for every employee category. [official]
- Family — Fertility 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]
- Protection — Life, 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]
- Equity — Employee 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 off — Paid time off. No single United States wide schedule of days by tenure or employee class was found in the reviewed sources. [npd]
Global programs
- Development — ASPIRE 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]
- Development — Talent 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]
- Wellbeing — Employee 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]
- Community — Employee resource groups. Company materials describe multiple employee resource groups with thousands of members. Participation is a culture programme rather than compensation. [official]
- Working pattern — Hybrid 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 off — Sabbatical. No global Baker Hughes sabbatical entitlement was found. [npd]
- Development — Named learning platforms. Access to named platforms and any certification reimbursement cap could not be verified as a universal benefit. [npd]
- Mobility — International 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
Modeled promotion planning timeline
| Band | Years to next scope | Promotion hike | Status |
|---|---|---|---|
| L0 | 6–18 months to conversion or L1 | Not disclosed | Modeled planning interval |
| L1 | 1.5–3 years to L2 | Not disclosed | Modeled planning interval |
| L2 | 2–4 years to L3 | Not disclosed | Modeled planning interval |
| L3 | 2–4 years to L4 | Not disclosed | Modeled planning interval |
| L4 | 2–5 years to L5 | Not disclosed | Modeled planning interval |
| L5 | 3–5 years to L6 | Not disclosed | Modeled planning interval |
| L6 | 3–6 years to L7 | Not disclosed | Modeled planning interval |
| L7 | 3–6 years to L8 | Not disclosed | Modeled planning interval |
| L8 | Variable; vacancy driven | Not disclosed | Modeled planning interval |
| L9 | Variable; segment succession | Not disclosed | Modeled planning interval |
| L10 | Board and chief executive succession | Not disclosed | Modeled planning interval |
| L11 | Not applicable | Not disclosed | Modeled 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.
Dataset summary
| Dataset | Result | Interpretation |
|---|---|---|
| Ellis, Baker Hughes Company profile | 16 FY2025 labour condition applications, $134,250 median | A Department of Labor derived consolidated company profile spanning seven states. |
| MyVisaJobs, Baker Hughes, Inc. | 14 FY2025 applications, all certified | The same view reports 22 certified for FY2024 and 14 certified with 1 denied in a historical FY2023 view. |
| H1BData 2025 employer page | 13 visible wage records | The narrowest view. Its percentile spread of $112,750, $137,727 and $149,601 is descriptive of the visible records only. |
| USCIS I-129 petition view | 11 approvals and no denials for FY2025 | Petition decisions are a different event from labour condition certifications and the two counts should never be combined. |
| H1BTrends multi-year view | $131,923 median | A broader historical period rather than an FY2025-only figure. |
City-level H-1B wage history
| City | P25 | Median | P75 | Records |
|---|---|---|---|---|
Houston, TX Headquarters and the overwhelming majority of filings across all indexed years. | $84K | $137,800 | $410K | 38 |
Tomball, TX Technical training and manufacturing campus north-west of Houston. | $134K | $137,700 | $191K | 5 |
Billerica, MA Manufacturing engineering roles at the Massachusetts site. | $101K | $104,500 | $123K | 4 |
Deer Park, TX Valve and rotating equipment manufacturing engineering. | $115K | $120,000 | $130K | 3 |
Sugar Land, TX A small but high-wage Houston-area cluster. | $105K | $161,000 | $171K | 3 |
Midland, TX Permian Basin field support; only two records and an extremely wide spread. | $46K | $103,400 | $161K | 2 |
New York, NY Machine learning and digital roles rather than oilfield engineering. | $130K | $132,900 | $136K | 2 |
All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.
Selected title / worksite records
| Title | Worksite | Proffered wage | Notes |
|---|---|---|---|
| Senior VP, Controller and Chief Accounting Officer | Houston, TX | $410,400 | A senior accounting-officer outlier that should never be used as an engineering benchmark. |
| Principal Enterprise Architect | Houston, TX | $175,470 | The top technical filing in the visible 2025 set and a direct calibration point for the L6 band. |
| Senior Director, Cyber Security Architecture | Houston, TX | $160,600 | Calibrates the L7 director band on the security side. |
| Global Treasury Systems and Project Manager | Houston, TX | $150,000 | A corporate function filing rather than an engineering one. |
| Senior Diagnostic Engineer, Digital Services | Houston, TX | $149,601 | The clearest L4 senior engineer calibration point in the dataset. |
| Lead Finance Specialist, Data and Analytics | Houston, TX | $144,050 | Reported as $144,100 in one aggregator view and $144,050 in another. |
| Function Technical Training Leader | Tomball, TX | $137,727 | The single record that sets the visible-subset median. |
| Machine Learning Engineer | New York, NY | $135,850 | Digital and data roles filed outside Texas sit at broadly the same level. |
| Lead Engineer, Mechanical Engineering | Houston, TX | $112,750 | The lower quartile of the visible set and a calibration point for the L5 band. |
| Lead Manufacturing Engineer | Billerica, MA | $105,000 | Manufacturing engineering filings sit consistently below Houston digital and architecture roles. |
| Service Delivery Field Technical Crew Lead II | Victoria, TX | $85,076 | The 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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
| Label | Meaning | Examples and permitted use |
|---|---|---|
| Verified | An 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. |
| Reported | Employee-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. |
| Modeled | The 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 disclosed | The 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
Known gaps and diligence before relying on a cell
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
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
| O1 | 2025 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. |
| O2 | 2026 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. |
| O3 | Full-year 2025 results release · Baker Hughes investor relations · 25 January 2026. Revenue, adjusted EBITDA and free cash flow used in the incentive scorecard. |
| O4 | Chart Industries acquisition completion release · Baker Hughes investor relations · 16 July 2026. New segment creation, leadership appointment and integration context. |
| O5 | Annual 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. |
| O6 | United 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. |
| O7 | Careers 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. |
| O8 | Company leadership page · bakerhughes.com · Accessed 26 August 2026. Current enterprise leadership and role titles. |
| O9 | SEC ownership filings, Forms 4 and 144 · SEC EDGAR, CIK 1701605 · Through August 2026. Insider settlements, tax withholding, option exercises and open-market sales. |
| M1 | United 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. |
| M2 | India market observations · Glassdoor India, Indeed India, AmbitionBox and 6figr · Accessed August 2026. Bangalore anchor calibration for software, lead, staff and management roles. |
| M3 | United Kingdom and Australia market observations · Glassdoor, Indeed, PayScale and SEEK · Accessed August 2026. London, Aberdeen, Perth and Brisbane calibration including field and rotation spread. |
| M4 | Rest-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. |
| H1 | Foreign Labor Certification disclosure data · United States Department of Labor · FY2023 to FY2026 partial. The underlying labour condition application record set. |
| H2 | Visa 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. |
| F1 | Daily exchange rates · Reserve Bank of Australia · 25 August 2026. Cross rates for INR, GBP, AUD, EUR, SGD, CAD and MYR. |
| F2 | Peg 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. |
| G1 | Statutory 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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.