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Baker Hughes (XSWX:BHI) Allowance For Loans And Lease Losses


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What is Baker Hughes Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Baker Hughes (XSWX:BHI) Business Description

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Baker Hughes is one of the world's largest integrated oil services providers. Its largest end market is North America, and thus its fortunes are strongly leveraged to U.S. shale activity. By the end of 2017, the firm is set to combine with General Electric's oil and gas division, which is more leveraged to offshore developments, as well as nonupstream energy markets such as liquefied natural gas and refining.