Baker Hughes reports $8.03B revenue

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For the quarterly period ended June September 30, 2026

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As of July 23, October 26, 2026, the registrant had outstanding 992,674,071 993,078,473 shares of Class A Common Stock, $0.0001 par value per share.

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Financial statements (unaudited) 582 changes

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Three Months Ended June 30, Six Months Ended June 30,

Sales of goods $ 4,292 $ 4,516 $ 8,649 $ 8,660

Sales of services 2,450 2,394 4,680 4,677

Total revenue 6,742 6,910 13,329 13,337

Cost of goods sold 3,315 3,602 6,744 6,932

Cost of services sold 1,850 1,693 3,502 3,315

Selling, general and administrative 569 567 1,131 1,144

Research and development costs 143 161 277 307

Other (income) expense, net ( 104 ) ( 134 ) ( 691 ) 6

Interest expense, net 66 54 151 105

Income before income taxes 892 967 2,165 1,528

Provision for income taxes ( 210 ) ( 256 ) ( 545 ) ( 408 )

Net income 682 711 1,620 1,120

Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share amounts) 2026 2025 2026 2025

Sales of goods $ 5,396 $ 4,613 $ 14,045 $ 13,273

Sales of services 2,629 2,397 7,309 7,074

Total revenue 8,025 7,010 21,354 20,347

Cost of goods sold 4,190 3,593 10,934 10,525

Cost of services sold 1,907 1,716 5,409 5,031

Selling, general and administrative 732 597 1,844 1,716

Research and development costs 150 146 427 453

Amortization of acquired intangible assets 165 10 184 35

Other (income) expense, net 157 71 ( 534 ) 77

Interest expense, net 177 56 328 161

Income before income taxes 519 821 2,684 2,349

Provision for income taxes ( 97 ) ( 204 ) ( 642 ) ( 612 )

Net income 422 617 2,042 1,737

Less: Net income attributable to noncontrolling interests 1 10 9 17 11 8 20 25

Net income attributable to Baker Hughes Company $ 681 411 $ 701 609 $ 1,611 2,022 $ 1,103 1,712

Basic income per Class A common stock $ 0.69 0.41 $ 0.71 0.62 $ 1.63 2.04 $ 1.11 1.73

Diluted income per Class A common stock $ 0.68 0.41 $ 0.71 0.61 $ 1.62 2.03 $ 1.11 1.72

Cash dividend per Class A common stock $ 0.23 $ 0.23 $ 0.46 0.69 $ 0.46 0.69

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Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 1

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Three Months Ended June 30, Six Months Ended June 30,

Net income $ 682 $ 711 $ 1,620 $ 1,120

Other comprehensive income (loss):

Foreign currency translation adjustments 62 325 ( 37 ) 513

Cash flow hedges 1 1 ( 98 ) 3

Benefit plans ( 8 ) 5 ( 7 )

Three Months Ended September 30, Nine Months Ended September 30, (In millions) 2026 2025 2026 2025

Net income $ 422 $ 617 $ 2,042 $ 1,737

Less: Net income attributable to noncontrolling interests 1 10 9 17 11 8 20 25

Net income attributable to Baker Hughes Company 681 701 1,611 1,103 411 609 2,022 1,712

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Comprehensive income

Foreign currency translation adjustments ( 45 ) 77 ( 82 ) 590

Cash flow hedges 12 ( 78 ) ( 86 ) ( 75 )

Benefit plans 3 5 8 ( 2 )

Other comprehensive income (loss) ( 30 ) 4 ( 160 ) 513

Less: Other comprehensive income (loss) attributable to noncontrolling interests ( 1 ) 1

Other comprehensive income (loss) attributable to Baker Hughes Company ( 30 ) 4 ( 159 ) 512

Comprehensive income 392 620 1,882 2,249

Less: Comprehensive income attributable to noncontrolling interests 1 11 8 18 7 19 25

Comprehensive income attributable to Baker Hughes Company $ 381 $ 613 $ 1,863 $ 2,224

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Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 2

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Inventories, net 4,961 4,954

Goodwill 5,566 6,068

Contract and other deferred assets 1,947 1,620

Cash and cash equivalents $ 15,727 4,068 $ 3,715

Current receivables, net 6,654 7,871 6,641

Inventories, net 5,975 4,954

All other current assets 3,241 3,726 3,518

Total current assets 30,583 21,640 18,828

Property, plant and equipment (net of accumulated depreciation of $ 6,983 7,198 and $ 6,686 , respectively)

Goodwill 13,897 6,068

Other intangible assets, net 3,997 9,773 4,097

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All other assets 3,093 2,985

Total assets $ 52,620 $ 40,881

All other assets 5,372 4,605

Total assets $ 59,063 $ 40,881

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Accounts payable $ 4,509 $ 4,579

Accounts payable $ 5,200 $ 4,579

Progress collections and deferred income 6,598 8,037 5,904

All other current liabilities 2,718 3,450 2,705

Total current liabilities 14,599 17,475 13,877

Long-term debt 15,479 17,476 5,398

Liabilities for pensions and other postretirement benefits 959 978 1,066

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All other liabilities 1,399 1,872 1,446

Class A Common Stock, $ 0.0001 par value - 2,000 authorized, 992 993 and 987 issued and outstanding as of June September 30, 2026 and December 31, 2025, respectively

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Noncontrolling interests 176 176

Retained loss ( 1,641 1,230 ) ( 3,252 )

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and 502 more changes in the filing

MD&A 216 changes

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Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a broad and diversified portfolio of technologies and services that span the energy and industrial value chain. We conduct business in more than 120 countries countrie s and employ approximately 54,000 65,600 employees. We operate through our two three business segments: Oilfield Services & Equipment ("OFSE"), and Industrial & Energy Technology ("IET"), and Chart. We sell products and services primarily in the global oil and gas markets, within the upstream, midstream and downstream segments, as well as the broader industrial and new energy markets.

During the second third quarter of 2026, continued disruptions in the Middle East contributed to tighter oil and liquefied natural gas ( LNG ) market balances and higher inflationary costs.

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Looking ahead, oil market fundamentals are likely to be supported by a supply-constrained market and the need to replenish depleted strategic inventories. As the dynamic geopolitical environment continues to create uncertainty, we expect to see a decline in upstream spending in the Middle East this year, while partially offset by increased spending in North American and other international markets is expected to remain broadly unchanged compared to 2025, elsewhere, absent further downside pressure in on oil prices. Additionally, ongoing supply constraints through the Strait of Hormuz and broader disruptions across the Middle East are expected to create incremental risk across the business, with potential impacts on customer spending patterns, project timing, and supply chain visibility. Over the longer term, heightened geopolitical risk may contribute to higher mid-cycle oil prices necessary to incentivize incremental global supply. As a result, we see continued upstream investment as necessary to sustain production growth and meet rising global demand. We also expect a continued increase in operating expenditure-driven investment as operators focus on optimizing recovery and extending the life of producing assets.

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In the second quarter of 2026, the Company generated revenues of $6.7 billion, a decrease of $0.2 billion, or 2%, compared to the second quarter of 2025. IET revenue remained flat year-over-year, driven by an increase of $79 million or 11% in Gas Technology Services ("GTS"), an increase of $61 million or 13% in Industrial Products ("IP"), and an increase in Climate Technology Solutions ("CTS") of $49 million or 31%, offset by a decrease of $100 million or 6% in Gas Technology Equipment ("GTE"), and a decrease of $91 million or 33% in Industrial Solutions ("IS") reflective of the Precision Sensors & Instrumentation ("PSI") disposition. OFSE revenue decreased $0.2 billion, or 5% year-over-year led by the Surface Pressure Control ("SPC") disposition and a decline in international revenue. Net income was $0.7 billion, which remained flat compared to the second quarter of 2025, driven by reduced income tax expense, improved performance in Segment EBITDA, and the change in fair value of equity securities, offset by increases in depreciation and amortization, transaction related costs, working capital adjustments related to business dispositions, interest expense, and restructuring.

On July 16, 2026, we completed our previously announced acquisition of Chart Industries, Inc. ("Chart"), for

$210 per share, representing an enterprise value of approximately $13.6 billion (the "Chart acquisition") as discussed in "Note 19. Business Acquisitions, Dispositions, and Businesses Held for Sale." The Chart acquisition was funded through an offering of senior notes in March 2026, along with other borrowings, as discussed in "Note 8. Debt," and cash on hand.

On July 16, 2026, we completed our previously announced acquisition of Chart Industries ("Chart"), for $210 per share. Total consideration paid for Chart was $14.8 billion, including net cash paid for the acquisition of $14.2 billion, which included the cash paid to Chart shareholders, amounts paid to settle Chart's outstanding third-party debt, and other acquisition-related consideration, partially offset by cash acqu ired. The consideration paid also includes the $258 million Flowserve-Chart merger break fee paid in 2025 as discussed in "Note 2. Business Acquisitions." The Chart acquisition was funded through an offering of senior notes in March 2026, along with other borrowings, as discussed in "Note 10. Debt," and cash on hand.

In the third quarter of 2026, the Company generated revenues of $8.0 billion, an increase of $1.0 billion, or 14%, compared to the third quarter of 2025, of which $0.9 billion is due to the contribution of Chart. IET revenue increased $0.1 billion, or 3% year-over-year, driven by an increase in Climate Technology Solutions ("CTS") and Gas Technology Services ("GTS"), partially offset by a decrease in Gas Technology Equipment ("GTE"), and Industrial Solutions ("IS") reflective of the Precision Sensors & Instrumentation ("PSI") disposition. OFSE revenue

Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 27 31

was broadly flat year-over-year. Net income was $0.4 billion, a decrease of $0.2 billion compared to the third quarter of 2025, primarily driven by amortization of intangible assets and the impact of the inventory fair value step-up recognized through cost of good sold during the period, higher interest expense, and transaction related costs associated with the Chart acquisition, partially offset by higher segment EBITDA, including the contribution from Chart, and lower income tax expense.

In the second third quarter of 2026, we returned $228 million to shareholders through dividends.

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OFSE outlook: We expect to see an a modest improvement in global upstream spending through the remainder of the year, across both international and North American markets, with conditions improving as we move into 2027, absent further downside pressure a material decline in oil prices or an increase in geopolitical tensions.

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Chart outlook: We see continued strength in LNG and industrial gases, while viewing the space and data center industries as significant growth opportunities for our diverse portfolio .

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Emissions associated with Chart will be included beginning with our 2027 Corporate Sustainability Report. See "Note 2. Business Acquisitions" for additional information related to the Chart acquisition.

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The following discussion and analysis summarizes summarize the significant factors affecting our results of operations, financial condition, and liquidity position as of and for the three and six nine months ended June September 30, 2026 and 2025, and should be read in conjunction with our condensed consolidated financial statements and related notes.

Our revenue is predominantly generated from the sale of products and services to major, national, and independent oil and natural gas companies worldwide, and is dependent on spending by our customers for oil and natural gas exploration, field development, and production. This spending is driven by a number of factors, including our customers' forecasts of future energy demand and supply, their access to resources to develop and produce oil and natural gas, their ability to fund their capital programs, the impact of new government regulations, and their expectations for oil and natural gas prices as a key driver of their cash flows.

Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 28 32

natural gas exploration, field development, and production. This spending is driven by a number of factors, including our customers' forecasts of future energy demand and supply, their access to resources to develop and produce oil and natural gas, their ability to fund their capital programs, the impact of new government regulations, and their expectations for oil and natural gas prices as a key driver of their cash flows.

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Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

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Three Months Ended June 30, Six Months Ended June 30,

The rig counts are summarized in the table below as averages for each of the periods indicated based on our published rig counts on our website at www.bakerhughes.com. The information contained on, or that can be accessed through, our website is not a part of, and shall not be incorporated by reference into, this Quarterly Report on Form 10-Q.

Three Months Ended September 30, Nine Months Ended September 30,

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North America 704 699 1 % 726 751 (3) %

International 1,056 897 18 % 1,070 900 19 %

Worldwide 1,760 1,596 10 % 1,796 1,651 9 %

North America 794 718 11 % 749 740 1 %

International 1,107 1,080 3 % 1,082 1,085 %

Worldwide 1,901 1,798 6 % 1,831 1,825 %

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Our condensed consolidated statements of income display sales and costs of sales in accordance with the Securities and Exchange Commission ("SEC") regulations under which "goods" are required to include all sales of tangible products and "services" must include all other sales, including other service activities. For the amounts

The discussions below relating to significant line items from our condensed consolidated statements of income are based on available information and represent our analysis of significant changes or events that impact the comparability of reported amounts. Where appropriate, we have identified specific events and changes that affect comparability or trends and, where reasonably practicable, have quantified the impact of such items. In addition, the discussions below for revenue and cost of revenue are on a total basis as the business drivers for product sales and services are similar. All dollar amounts in tabulations in this section are in millions of dollars, unless otherwise stated. Certain columns and rows may not add due to the use of rounded numbers.

Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 29 33

discussions below for revenue and cost of revenue are on a total basis as the business drivers for product sales and services are similar. All dollar amounts in tabulations in this section are in millions of dollars, unless otherwise stated. Certain columns and rows may not add due to the use of rounded numbers.

Our condensed consolidated statements of income display sales and costs of sales in accordance with the Securities and Exchange Commission ("SEC") regulations under which "goods" are required to include all sales of tangible products and "services" must include all other sales, including other service activities. For the amounts shown below, we distinguish between "equipment" and "product services," where product services refer to sales under product services agreements, including sales of both goods (such as spare parts and equipment upgrades) and related services (such as monitoring, maintenance, and repairs), which are an important part of our operations. We refer to "product services" simply as "services" within Management's Discussion and Analysis of Financial Condition and Results of Operations.

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Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 30 34

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Three Months Ended June 30, $ Change Six Months Ended June 30, $ Change

Oilfield Services & Equipment $ 3,413 $ 3,503 $ (90) $ 6,684 $ 6,784 $ (100)

Gas Technology Equipment 4,913 781 4,132 6,736 2,116 4,620

Gas Technology Services 1,314 986 328 2,288 1,899 389

Total Gas Technology 6,227 1,767 4,460 9,024 4,015 5,009

Industrial Products 533 513 20 1,137 1,013 124

Industrial Solutions 274 327 (53) 503 608 (105)

Total Industrial Technology 807 839 (32) 1,640 1,621 19

Summarized orders information for our segments are is shown in the following table.

Three Months Ended September 30, $ Change Nine Months Ended September 30, $ Change

Oilfield Services & Equipment $ 4,047 $ 4,068 $ (21) $ 10,730 $ 10,852 $ (122)

Gas Technology Equipment 3,120 2,174 946 9,856 4,290 5,566

Gas Technology Services 1,127 896 231 3,415 2,795 620

Total Gas Technology 4,247 3,070 1,177 13,271 7,085 6,186

Industrial Products 591 481 110 1,728 1,494 234

Industrial Solutions 244 336 (92) 746 944 (198)

Total Industrial Technology 835 817 18 2,474 2,438 36

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Industrial & Energy Technology 7,088 3,530 3,558 11,976 6,708 5,268

Total $ 10,501 $ 7,032 $ 3,469 $ 18,660 $ 13,492 $ 5,168

Revenue decreased $0.2 billion, or 2%, to $6.7 billion. OFSE revenue decreased $0.2 billion, or 5%, and IET revenue was flat compared to the second quarter of 2025.

Selling, general and administrative costs increased $2 million to $569 million.

Research and development costs decreased $18 million, or 11%, to $143 million.

Other income decreased $30 million, primarily reflecting working capital adjustments of $24 million related to business dispositions.

Net income remained flat at $0.7 billion compared to the second quarter of 2025.

Industrial & Energy Technology 5,886 4,139 1,747 17,861 10,847 7,014

Original Equipment 587 587 587 587

Aftermarket 244 244 244 244

Chart 831 831 831 831

Total $ 10,764 $ 8,207 $ 2,557 $ 29,422 $ 21,699 $ 7,723

Remaining Performance Obligations ("RPO") relate to the aggregate amount of the transaction prices allocated to the unsatisfied (or partially unsatisfied) performance obligations. As of June September 30, 2026, RPO totaled $40.1 $46.4 billion, of which OFSE IET totaled $3.0 $39.4 billion, Chart totaled $3.6 billion, and IET OFSE totaled $37.1 $3.4 billion.

Second Third Quarter of 2026 Compared to the Second Third Quarter of 2025

Revenue increased $1.0 billion, or 14%, to $8.0 billion. Chart contributed $0.9 billion since the date of the Chart acquisition, IET revenue increased $0.1 billion, or 3%, and OFSE revenue was broadly flat compared to the third quarter of 2025.

Selling, general and administrative costs increased $135 million, or 23%, to $732 million, which included $113 million related to Chart.

Research and development costs increased $4 million, or 3%, to $150 million, which included $10 million related to Chart, partially offset by lower expense in IET and OFSE.

Amortization of acquired intangible assets increased $155 million, to $165 million primarily related to the intangible assets acquired in the Chart acquisition.

Other (income) expense increased $86 million, or 121%, to $157 million, which included $158 million transaction related costs.

Net interest expense in the second third quarter of 2026 was $66 $177 million, which includes interest income of $130 $47 million offset by interest expense of $196 $224 million. Net interest expense increased $12 $121 million compared to the second third quarter of 2025, primarily driven by increased interest expense as a result of related to the 2026 senior notes offering in March 2026. and new term loans.

We recorded income tax expense in the second third quarter of 2026 and 2025 of $210 $97 million and $256 $204 million, respectively. The difference between the U.S. statutory tax rate of 21% and the effective tax rate in both periods is primarily related to driven by income generated in jurisdictions with tax rates higher than in the U.S. and losses with no tax benefit due to valuation allowances. Further, for the period ended September 30, 2026, these impacts were offset by the discrete recognition of additional U.S. tax attributes.

Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 31 35

Net income decreased $198 million, or 32%, to $0.4 billion compared to the third quarter of 2025.

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Well Construction $ 899 $ 921 $ (22)

Three Months Ended June September 30, $ Change

Well Construction $ 958 $ 954 $ 4

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Production Solutions 930 968 (38)

Production Solutions 983 966 17

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and 136 more changes in the filing

Forward-looking statements 3 changes

Baker Hughes Company 2026 Second Quarter Form 10-Q | 38

this report and Part 1 of Item 1A of our 2025 Annual Report and those set forth from time-to-time in other filings by the Company with the SEC. These documents are available through our website or through the SEC's Electronic Data Gathering and Analysis Retrieval (EDGAR) system at http://www.sec.gov.

This Quarterly Report on Form 10-Q, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a "forward-looking statement"). All statements, other than historical facts, including statements regarding the presentation of the Company's operations in future reports and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "may," "will," "should," "potential," "intend," "expect," "would," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target," "goal" or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, the risk factors identified in the "Risk Factors" section of Part II of Item 1A of this report and Part 1 of Item 1A of our 2025 Annual Report and those set forth from time-to-time in other filings by the Company with the SEC. These documents are available through our website or through the SEC's Electronic Data Gathering and Analysis Retrieval (EDGAR) system at http://www.sec.gov.

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Controls and procedures 3 changes

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There has been no change in our internal controls over financial reporting during the quarter ended June September 30, 2026 that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting. except As previously disclosed, during the implementation of quarter ended June 30, 2026, the Company implemented SAP Central Finance ("cFIN") as part of the Company's finance systems transformation program. The implementation resulted in the modification of certain finance processes and related internal controls over financial reporting. Management continues to monitor and refine the related processes and controls as part of its ongoing finance transformation activities.

Management has excluded the acquired Chart business from its ongoing assessment of internal control over financial reporting because the acquisition occurred during the current fiscal year. The acquired business represented 31% of total assets as of September 30, 2026 and 4% of total revenues for the nine months ended September 30, 2026.

Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 39 44

Legal proceedings 1 change

See discussion of legal proceedings in "Note 16. 18. Commitments and Contingencies" of the Notes to Unaudited Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q, Item 3 of Part I of our 2025 Annual Report and Note 19 of the Notes to Consolidated Financial Statements included in Item 8 of our 2025 Annual Report.

Unregistered sales of stock 5 changes

The following table contains information about our purchases of our Class A common stock equity securities during the three months ended June September 30, 2026.

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May July 1-31, 2026 $ $ 1,348,978,828

April 1-30, August 1-31, 2026 $ $ 1,348,978,828

June September 1-30, 2026 $ $ 1,348,978,828

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(2) During the three months ended June September 30, 2026, we repurchased no shares of Class A common stock in the open market under our publicly announced purchase program.

Mine safety disclosures 1 change

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Baker Hughes Company 2026 Third Quarter Form 10-Q | 45

Other information 7 changes

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During the three months ended June September 30, 2026, none certain of our officers or directors adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) and (c), respectively, of Regulation S-K, for the purchase or sale of our securities in amounts and prices determined in accordance with a formula set forth in each such plan:

Name and Title Action Date Rule 10b5-1 (1)

Number of Shares to be Sold Expiration

Senior Vice President, Controller and Chief Accounting Officer

Adoption August 13, 2026 X 13,308 (3)

Earlier of when all shares under plan are sold and November 30, 2027 (1) Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as defined in Item 408(c) of Regulation S-K (2) Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) as defined in Item 408(c) of Regulation S-K (3) This figure is an estimation of after-tax sale amounts based on the Company's best estimates at this time

Baker Hughes Company 2026 Third Quarter Form 10-Q | 46

Exhibits 26 changes

Each exhibit identified below is filed as a part of this report. Exhibits designated with an "*" are filed as an exhibit

Baker Hughes Company 2026 Second Quarter Form 10-Q | 40

Each exhibit identified below is filed as a part of this report. Exhibits designated with an "*" are filed as an exhibit to this Quarterly Report on Form 10-Q and Exhibits designated with an "**" are furnished as an exhibit to this Quarterly Report on Form 10-Q. Exhibits designated with a "+" contain schedules that have been omitted pursuant to Item 601(b)(2) of Regulation S-K, and the Company agrees to furnish a supplemental copy of such schedules to the SEC upon its request. Exhibits previously filed are incorporated by reference.

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Baker Hughes Company 2026 Long-Term Incentive Plan (incorporated by reference as Exhibit 4.1 to the Company s Registration Statement on Form S-8 filed on May 19, 2026 (File No. 333-296021)).

Baker Hughes Company Form of Performance Share Unit Award Agreement (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Horizon 2 Performance Share Unit Award Agreement (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (3-Year Cliff Vesting, Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (3-Year Ratable Vesting, Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (2-Year Cliff Vesting, Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (2-Year Ratable Vesting, Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (1-Year Cliff Vesting, Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (3-Year Cliff Vesting, Non-Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (3-Year Ratable Vesting, Non-Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (2-Year Cliff Vesting, Non-Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (2-Year Ratable Vesting, Non-Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Restricted Stock Unit Award Agreement (1-Year Cliff Vesting, Non-Executive) (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Form of Director Deferred Stock Unit Award Agreement (under the 2026 Long-Term Incentive Plan).

Baker Hughes Company Non-Employee Director Deferral Plan, as Amended and Restated, effective May 19, 2026.

Baker Hughes Company Form of Non-U.S. Addendum to Award Agreements (under the 2026 Long-Term Incentive Plan).

Term T erm Loan Facility Credit Agreement, dated as of July 15, 2026, by and among Baker Hughes Holdings BHH LLC , as borrower, Baker Hughes, Company, as parent guarantor, the lenders party thereto, and Bank of America, N.A., as administrative agent for the lenders (incorporated by reference as Exhibit 10.1 to the Current Report on Form 8-K of Baker Hughes Company filed on July 16, 2026).

Term T erm Loan Facility Credit Agreement, dated as of July 15, 2026, by and among Baker Hughes Holdings BHH LLC , as borrower, Baker Hughes, Company, as parent guarantor, the lenders party thereto, and UniCredit Bank GmbH - New York Branch, as administrative agent for the lenders (incorporated by reference as Exhibit 10.2 to the Current Report on Form 8-K of Baker Hughes Company filed on July 16, 2026).

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Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 42 47

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Date: July 27, October 28, 2026 By: /s/ AHMED MOGHAL

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Date: July 27, October 28, 2026 By: /s/ REBECCA CHARLTON

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Baker Hughes Company 2026 Second Third Quarter Form 10-Q | 43 48