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logoArgusApril 23, 2021

Baker Hughes Company: Reaffirming HOLD following 1Q21 results

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Baker Hughes was formed from the merger of Baker Hughes Inc. and GE's oil and gas business in July 2017. BKR is the world's third-largest oil services company, with annual pro forma revenues of $23 billion and approximately 70,000 employees. It expects to generate approximately 30% of revenue from the U.S. and 70% from international markets.

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Analyst Profile

William V. Selesky

Senior Analyst: Basic Materials
Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, he also served as part of a team that managed $9 billion in active equity products. Prior to working in the investment field, Bill spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services. Bill has a Masters of Business Administration degree in Investment Finance from Pace University, and a Bachelor of Science degree in Economics from Fordham University.