SCHEDULE: JPMorgan Chase & Co. Reports 8.7% Stake in Baker Hughes

JPMorgan Chase & Co. has disclosed an 8.7% beneficial ownership stake in Baker Hughes Company, holding over 86 million shares as of December 31, 2025.

Summary

• JPMorgan Chase & Co. beneficially owns 86,781,218 shares of Baker Hughes Company's Class A Common Stock.
• This ownership represents 8.7% of the total class of securities.
• JPMorgan Chase & Co. holds sole voting power over 74,674,028 shares and shared voting power over 1,148,080 shares.
• The institution has sole dispositive power over 86,049,138 shares and shared dispositive power over 732,073 shares.
• The filing is an Amendment No. 6 to a previous Schedule 13G.
• The beneficial ownership is held in the ordinary course of business and not for the purpose of changing or influencing control of Baker Hughes Company.
• Several JPMorgan subsidiaries are identified as having acquired the security, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, and JPMorgan Chase Bank, National Association.

Sentiment

Score: 7

Explanation: The filing indicates a substantial, passive institutional investment by a major financial player, which generally signals confidence in the issuer's long-term value and stability, without implying immediate operational changes or performance shifts.

Positives

• Significant institutional ownership by a major financial entity like JPMorgan Chase & Co. can be interpreted as a vote of confidence in Baker Hughes Company's long-term prospects and stability.

Industry Context

Baker Hughes Company operates in the energy technology and services industry, providing products and services to the oil and gas sector. A significant passive stake by a major financial institution like JPMorgan Chase & Co. indicates continued institutional interest in the energy sector and specific companies within it.

Stakeholder Impact

• Shareholders may view the significant institutional ownership by JPMorgan Chase & Co. as a positive signal, potentially bolstering confidence in the company's stock and long-term prospects.

Key Dates

Recommendation

The filing reports a significant, passive institutional stake in Baker Hughes Company by JPMorgan Chase & Co. While this indicates institutional confidence, it is an ownership disclosure rather than a performance or strategic update. Without additional financial or operational data, a 'hold' recommendation is prudent, acknowledging the positive signal of institutional backing while awaiting further company-specific developments.

Keywords

Baker Hughes Company, JPMorgan Chase & Co., Beneficial Ownership, Schedule 13G, Institutional Investment, Class A Common Stock, Energy Services