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We're nudging up our fair value estimates for large diversified oilfield-services companies owing to strong near-term financial performance. Our Schlumberger fair value moves to $49 per share from $47, Halliburton to $30 from $28, and Baker Hughes to $29 from $28.
Baker Hughes in its current form originated in 2017 from the merger of Baker Hughes with GE Oil & Gas. Baker Hughes’ history of oilfield innovation stretches back over a century, and with the combination with GE, the company now can offer the full spectrum of services to oil and gas companies, from upstream to downstream.
