Sunday, June 1, 2014

Baker Hughes Outperforms its Peers

Prospects for oil services company Baker Hughes   are never really going to be divorced from the outlook for energy prices. However, the company has made great strides in operationally adjusting to flattish energy markets over the last year. Alongside companies such as Halliburton  and General Electric's  energy segment, it's been forced to innovate to generate growth and develop its international business. The good news is that its plans are working.

Baker Hughes innovates
The following chart demonstrates the relationship between Baker Hughes and the U.S. Rotary rig count (data compiled by Baker Hughes).