The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
Baker Hughes maintained its overall risk disclosure framework with 31 unchanged risks while substantively modifying 8 existing risk factors between 2023 and 2024, with no new or removed risk categories. The most significant modifications addressed supply chain disruptions, borrowing conditions, and competitive positioning, suggesting the company refined its articulation of operational, financial, and market challenges without fundamentally expanding or contracting its risk profile.
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
🟡 Modified
Disruptions in our supply chain, the high cost or unavailability of raw materials, equipment, and supplies essential to our business could adversely affect our ability to execute our operations on a timely basis.
🔒
🟡 Modified
Changes in economic and/or market conditions may impact our ability to borrow and/or cost of borrowing.
🔒
🟡 Modified
We operate in a highly competitive environment, which may adversely affect our ability to succeed. Our investments in new technologies, equipment, and facilities may not provide competitive returns.
🔒
🟡 Modified
Our business has and may continue to be adversely affected by a public health emergency or outbreak of a contagious disease or virus.
🔒
🟡 Modified
The potential physical risks posed by climate change could adversely affect our operations and those of our customers.
🔒
🟡 Modified
Changes in tax laws, tax rates, tariffs, adverse positions taken by taxing authorities, and tax audits in the countries where we operate could have a material adverse impact on our results of operations.
🔒
🟡 Modified
Investor and public perception related to the Company's ESG performance as well as current and future ESG reporting requirements may affect our business and our operating results.
🔒
🟡 Modified
The potential transition risks posed by moving to a lower carbon economy could have an adverse effect on the demand for our technologies and services.
🔒