BAKU, Azerbaijan, February 4. Baker Hughes achieved strong growth in revenue by product line during Q4 2024, with total revenue in the Industrial & Energy Technology segment hitting $3.492 billion, up 19% sequentially and 21% year-over-year, Trend reports.
Revenue by product line
Gas Technology: This category delivered $2.459 billion in revenue, up 24% sequentially and 28% year-over-year. Gas Technology Equipment saw a 30% sequential and 38% year-over-year surge, while Services rose 14% sequentially and 11% year-over-year.
Industrial Technology: Revenue from Industrial Products and Solutions reached $830 million, with moderate sequential growth of 7% and a year-over-year increase of 5%.
Climate Technology Solutions: Revenue climbed to $204 million, representing a 7% sequential increase and a 20% year-over-year rise, signaling growing demand for decarbonization technologies.
