Baker Hughes Co (XTER:68V)
€ 41.24 0 (0%) Market Cap: 40.86 Bil Enterprise Value: 44.05 Bil PE Ratio: 19.56 PB Ratio: 2.66 GF Score: 67/100

Baker Hughes Co at Barclays Virtual CEO Energy-Power Conference Transcript

Sep 08, 2020 / 03:45PM GMT
Release Date Price: €12.19
John David Anderson
Barclays Bank PLC, Research Division - Director and Senior North America Oilfield Services & Equipment Analyst

Good morning and welcome to the start of the Barclays Annual CEO Energy Power Conference, which is coming to you virtually this year instead of Manhattan, where we expect to return next year.

Kicking off the conference once again is Mr. Lorenzo Simonelli, Chairman and CEO of Baker Hughes. Mr. Simonelli has been CEO of Baker since the merger with GE Oil & Gas in 2017. Baker has really transformed itself since then with arguably the most diverse business mix in OFS, being a provider of integrated oil products, services and digital solutions. We view Baker's business as having more longer-cycle exposure, one of the few companies with a direct exposure to LNG. He's reestablished its international and presence in recent years and stayed above the fray in North America by avoiding the more commoditized businesses.

The company is also an enabler of the energy transition with its TPS solutions for LNG, exposure to emerging hydrogen trend and other emissions

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