Baker Hughes Will Benefit From the Oil Market's Recovery From COVID-19

Baker Hughes pronounced itself as the oilfield-services company of the future upon completion of its merger with GE Oil & Gas in July 2017, with promises of a transformative leap in customers’ performance along with unrivaled value creation for its shareholders. Yet hardly had the merger integration been completed when GE announced a pivot in strategy, including a speedy separation from the newly merged Baker Hughes. By late 2019, GE no longer was the majority owner of Baker Hughes.