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Subsidy Tracker Parent Company Summary
Parent Company Name: Baker Hughes
Ownership Structure: publicly traded (ticker symbol BKR)
Headquartered in: Texas
Major Industry: oilfield services and supplies
Specific Industry: oilfield services
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $65,460,947 | 213 |
Federal (grants and allocated tax credits) | $16,837,883 | 6 |
TOTAL | $82,298,830 | 219 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $335,000,000 | 1 |
TOTAL | $335,000,000 | 1 |
Time Period for State and Local Awards: Earliest year of data: 2000. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2015.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Louisiana | $36,154,034 | 56 |
Oklahoma | $19,329,417 | 153 |
Ohio | $9,455,025 | 1 |
Colorado | $302,471 | 2 |
Pennsylvania | $220,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
Company | Location | Subsidy Source | Year  | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
Baker Hughes Inteq | Louisiana | state | 2011 | $200,740 | | Property Tax Abatement |
Baker Hughes Oilfield Operations, Inc | Louisiana | state | 2011 | $99,436 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2011 | $23,253 | | Property Tax Abatement |
Baker Hughes Oilfield Operations, Inc. | Texas | local | 2011 | undisclosed | | Property Tax Abatement |
Baker Hughes Oilfield Operations LLC | | federal | 2011 | $7,070,174 | | Federal Grant |
Baker Oil Tools | Louisiana | state | 2010 | $515,370 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2010 | $482,246 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2010 | $37,615 | | Property Tax Abatement |
Baker Hughes Inteq | Louisiana | state | 2009 | $84,193 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2009 | $22,552 | | Property Tax Abatement |
Baker Hughes Oilfield Operations LLC | | federal | 2009 | $5,000,000 | | Federal Grant |
Baker Oil Tools | Louisiana | state | 2008 | $809,794 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2008 | $369,656 | | Property Tax Abatement |
Baker Hughes Inteq | Louisiana | state | 2008 | $146,908 | | Property Tax Abatement |
Baker Hughes Inteq | Louisiana | state | 2008 | $38,142 | | Property Tax Abatement |
Baker Oil Tools | Louisiana | state | 2008 | $26,128 | | Property Tax Abatement |
Baker Hughes Oilfield Operations LLC | | federal | 2008 | $768,480 | | Federal Grant |
Baker Hughes Oilfield Operations LLC | | federal | 2008 | $2,370,885 | | Federal Grant |
BAKER HUGHES OILFIELD OPERATIONS,INC | Oklahoma | state | 2007 | $304,408 | | Tax Credit/Rebate |
BAKER PETROLITE CORP | Oklahoma | state | 2007 | $338,084 | | Tax Credit/Rebate |
BAKER HUGHES OILFIELD OPERATIONS INC | Oklahoma | state | 2007 | $304,408 | | Tax Credit/Rebate |
BAKER PETROLITE LLC | Oklahoma | state | 2007 | $338,084 | | Tax Credit/Rebate |
Baker Hughes, Inc. | Pennsylvania | state | | $220,000 | | Tax Credit/Rebate |