Baker Hughes CEO Lorenzo Simonelli on oil volatility

Industry Outlook - The industry acknowledges short-term volatility [1] - The industry anticipates long-term energy demand to continue increasing [2] - The industry projects peak oil extending further into the 2030s [2] - The industry foresees a need for increased oil and gas production over the long term [2] Strategic Considerations - Despite short-term volatility, the industry views the long-term trends as positive [2]