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business
An energy technology company

Our businesses

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We are different from the rest



We are global
 

~70%

of revenues generated outside North America

We're positioned for the future

~40%

of revenues are more industrial in nature

We're a global gas leader
 

~400M

tonnes per annum of LNG capacity driven by our technology



Our businesses

We are uniquely positioned with our expansive offerings, leading technology, and low-carbon solutions. Our integrated portfolio spans the energy and industrial value chain–from oilfield, to turbomachinery, to digital solutions–providing more balanced through-cycle revenues. Approximately 70% of our company revenues are generated outside of North America, and 40% of our revenues are more industrial in nature. 

We have integrated offerings and a unique set of products and services today across our four product companies. In Oilfield Services (OFS), approximately 60% of our revenues are international, and our strong positions in artificial lift and chemicals provide more stability to our overall OFS portfolio. In Oilfield Equipment (OFE), we have a leading position driven by our subsea production and flexible pipe offerings, and enabled through our collaborative project approach. Our Turbomachinery & Process Solutions (TPS) business is a technology leader in upstream production and liquefied natural gas (LNG), with the largest installed base of LNG liquefaction trains. Our Digital Solutions (DS) business combines leading measurement, sensing, and inspection hardware and software solutions to connect industrial assets across a variety of end-markets. Both the TPS and DS segments are more industrial in nature and unique to our peer group, providing a diversification of revenue and earnings outside of upstream oil and gas. 

Technology is a core differentiator, with unmatched technical capabilities across our portfolio and an ability to share that technology horizontally across our organization. We also have low-carbon solutions that we are deploying with customers today. This includes leading natural gas technology, as well as highly efficient upstream, subsea, and power generation solutions. We also have a number of technologies to monitor and reduce flaring and emissions.



We have a differentiated portfolio

Oilfield Services

  • Leader in drilling services, completions, artificial lift,
    and chemicals
  • Strong global presence and leading technology offering
  • Focus on execution and reliability

Well construction, production, and upstream and downstream chemicals

$12.9B in orders,
up 12% year-over-year (YoY)

$12.9B in revenues,
up 11% YoY 

$917M in op income,
up 17% YoY

Oilfield Equipment

  • Leading subsea production and flexibles portfolio
  • New Subsea Connect and AptaraTM TOTEX-Lite Subsea System
  • Collaborative business models

Subsea and deepwater, surface well control, production, and processing

$3.5B in orders,
up 12% YoY

$2.9B in revenues,
up 11% YoY

$55M in op income,
up 100+% YoY



Turbomachinery & Process Solutions

  • Technology leader in LNG and upstream production
  • Significant installed base and after-market services
  • Proven track record in the most critical projects

Onshore-and-offshore production, gas processing, pipeline, LNG, refining and petrochemicals, and industrials

$7.9B in orders,
up 20% YoY

$5.5B in revenues,
down 8% YoY 

$719M in op income,
up 16% YoY

Digital Solutions

  • Best-in-class sensing and measurement technology
  • Differentiated hardware and software offerings
  • Leader in inspection technology and industrial control systems

Oil and gas, power, aerospace, automation, electronics, and other industrials

$2.6B in orders,
up 1% YoY

$2.5B in revenues,
down 4% YoY

$343M in op income,
down 12% YoY



Download our 2019 Annual Report

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