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BHGE and NOV: Mixed Capex Growth in 1Q18

Alex Chamberlin
BHGE and NOV: Mixed Capex Growth in 1Q18

In this part, we’ll compare Baker Hughes, a GE Company (BHGE), and National Oilwell Varco’s (NOV) capex growth in 1Q18. Baker Hughes recorded ~133% capex growth in 1Q18 compared to 1Q17. In 1Q18, Baker Hughes spent ~$177 million on the capex compared to $76 million the previous year.