Baker Hughes Co (BKR) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Baker Hughes Co surfaced in its latest filing.

• Entered into a merger agreement with Chart on July 28, 2025July 28, 2025
• Legal proceedings have been instituted following announcement of the merger agreement
• On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted, introducing broad changes to the U.S. tax codeJuly 4, 2025
• In 2024, EPA released a final rule expanding the scope of the Greenhouse Gas Reporting Rule2024
• In March 2025, EPA released a final rule to extend 2025 reporting deadlinesMarch 2025
• In September 2025, EPA proposed a rulemaking to remove and/or suspend program obligations applicable to various industry sectorsSeptember 2025
• The Board of Governors of the Federal Reserve System cut interest rates in September, October and December 2025September, October and December 2025
• Corporate realignment in 2022 focused on two operating segments2022
• Long-term supply agreement for heavy-duty gas turbines
• Second Amended and Restated Supply and Technology Development Agreement with GE Aerospace
• Aero JV is jointly controlled by GE Vernova and us, with GE Aerospace contracts with the Aero JV
• Russia-Ukraine conflict
• Middle East instability
• Venezuela political situation
• Gross receivables related to primary customer in Mexico were 4% for 2025, 7% for 2024, and 9% for 2023
• Issued credit default swaps to third-party institutions related to borrowings to primary customer in Mexico
• Total RPO as of December 31, 2025 was $35.9 billionDecember 31, 2025
• The fourth amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the exclusive forum for certain shareholder litigation
• Tariffs on products manufactured in Europe, Mexico and China
• The company may be named as a potentially responsible party at Superfund sites or other sites with environmental issues