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Baker Hughes Co (WBO:BKR) Tax Rate % : 23.29% (As of Sep. 2024)


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What is Baker Hughes Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Baker Hughes Co's Tax Expense for the three months ended in Sep. 2024 was €212 Mil. Baker Hughes Co's Pre-Tax Income for the three months ended in Sep. 2024 was €909 Mil. Therefore, Baker Hughes Co's Tax Rate % for the quarter that ended in Sep. 2024 was 23.29%.

Baker Hughes Co Tax Rate % Historical Data

The historical data trend for Baker Hughes Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Baker Hughes Co Tax Rate % Chart

Baker Hughes Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 64.01 -3.68 177.10 2,727.27 25.80

Baker Hughes Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.96 13.60 27.77 29.49 23.29

Baker Hughes Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Baker Hughes Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=628.145/2434.635
=25.80 %

Baker Hughes Co's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=211.735/909.109
=23.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Baker Hughes Co Tax Rate % Related Terms

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Baker Hughes Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Hughes Co (WBO:BKR) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121
Website
https://www.bakerhughes.com
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.