C3 AI and Baker Hughes Extend Joint Venture Through 2028

C3.ai, Inc. (NYSE:AI) and Baker Hughes have renewed and expanded their joint venture agreement. In a statement on May 28, 2025, C3 AI said that the joint venture, established in 2019 to deploy enterprise AI solutions, has a new lease of life through June 2028.

C3 AI and Baker Hughes Extend Joint Venture Through 2028

A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution.

The joint venture initially targeted the oil and gas and chemical industries, with the earliest customers being Flint Hills Resources, LyondellBasell, ExxonMobil, Petronas, Shell, among others. According to the statement, the enterprise AI deployments have so far helped customers to achieve significant efficiency and sustainability gains. Enterprise AI optimizes production, reduces unplanned downtime, and enhances operational visibility.

C3 AI included Baker Hughes in the customers list. Under the expanded agreement, this arrangement will continue, and will cover the latter’s internal operations, including C3 AI Sustainability Suite, C3 AI Inventory Optimization, and C3 AI Sourcing Optimization. Both companies plan to increase market activities across the energy and industrial sectors. Thomas M. Siebel, Chairman and CEO of C3 AI stated:

“It’s difficult to overestimate the importance of the Baker Hughes partnership to C3 AI and its shareholders. This alliance continues to bring us enormous credibility and market access in oil and gas globally. As a result, we have generated more than half a billion dollars in revenue from the O&G and chemical markets. We are most pleased to expand and extend this strategic partnership with Baker Hughes.”

Since its inception in 2019, C3 AI and Baker Hughes have renewed and updated the agreement four times, strengthening their commitment. With this latest renewal, both companies aim to expand market activities and broaden their work across energy and industrial sectors.

C3.ai, Inc. (NYSE:AI) is an enterprise AI software company. It provides AI-powered solutions for businesses across industries like manufacturing, healthcare, energy, and defense. Its core product, the C3 AI Platform, enables organizations to develop and deploy AI applications for predictive analytics, automation, and optimization.

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