Baker Hughes CEO on the global outlook for energy

Industry Trends & Outlook - Global energy demand is expected to continue increasing, with oil demand extending further into the 2030s, necessitating increased oil and gas production [3] - Significant population and economic growth is anticipated over the next 25 years, primarily in non-OECD nations [6][7] - Saudi Arabia is heavily investing in hydrogen and sees a significant role for hydrogen expansion in the future [4][6] Baker Hughes' Strategy & Opportunities - Baker Hughes plays a critical role in providing equipment and technology for hydrogen, including compressors and turbines [5] - 70% of Baker Hughes' business is internationally focused, with growth opportunities in Southeast Asia, Latin America, Africa, and other developing nations [8] - Baker Hughes' equipment and services are essential throughout the value chain of various molecules, including hydrogen, CO2, and natural gas [9] Policy & Regulatory Landscape - The company believes that the tax credit changes in the United States have maintained many positive aspects, ensuring a continued pipeline of project opportunities [10]