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