Baker Hughes CEO Predicts 2025 Resilience Fueled by AI Despite Oil Investment Slowdown

The CEO of Baker Hughes, a major oilfield services and energy technology company, has given a mixed forecast for 2025.

The CEO expects the company to be resilient (strong enough to handle challenges), but this strength will come from a surprising source: the growth of Artificial Intelligence (AI).

The Energy Outlook

On the traditional energy side, the CEO predicts a slowdown in oil and gas investment for 2025. This suggests that energy companies may be cautious about spending money on new drilling projects. This is a common concern in the oil industry, which is known for its up-and-down cycles.

The AI-Driven Resilience

Despite the potential dip in oil spending, the company’s overall strength is tied to its growing non-oil technology business.

Baker Hughes has been investing heavily in digital tools, AI-powered software, and solutions for the energy transition (like carbon capture). These high-tech areas are expected to grow rapidly, offsetting any softness in the traditional oilfield services division.

The CEO’s comments highlight a key trend: the future of major energy companies is increasingly tied to their ability to become technology and data firms, not just drilling service providers.