Baker Hughes Co (LTS:0RR8)
$ 32.025 -0.075 (-0.23%) Market Cap: 31.84 Bil Enterprise Value: 35.12 Bil PE Ratio: 17.90 PB Ratio: 2.08 GF Score: 70/100

Baker Hughes A GE Co at Barclays CEO Energy-Power Conference Transcript

Sep 03, 2019 / 03:00PM GMT
Release Date Price: $21.22 (-3.02%)
John David Anderson
Barclays Bank PLC, Research Division - Director and Senior North America Oilfield Services & Equipment Analyst

So good morning, and welcome to the keynote introductory presentation to kick off the Barclays Annual CEO Energy-Power Conference. I'm very pleased to introduce Lorenzo Simonelli, Chairman and CEO of Baker Hughes. We think Baker Hughes is a perfect way to start off our conference and -- as it touches many of the critical oil and gas markets globally.

Baker considers itself the first and only fullstream company. It's a coined term to describe its business of being a provider of integrated oil products, services and digital solutions. We view Baker's business as having more long -- longer cycle exposure. It's really one of the few companies with direct exposure to LNG, has reestablished its international land presence in recent years and stayed [above the frame] in North America by avoiding the more commoditized businesses.

Mr. Simonelli has been CEO of Baker Hughes and the predecessor oil and gas business within GE since 2013, previously serving as CEO

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