Baker Hughes CEO: Gas will continue to be a greater part of energy mix

Market Trends & Industry Dynamics - Energy demand is increasing, positioning companies focused on energy and industrial technology favorably [2] - Short-term volatility exists due to WTI and Brent fluctuations, influenced by OPEC barrels [3] - The industry is in the age of gas, with natural gas becoming a greater part of the energy mix and a key focus for Baker Hughes, especially regarding LNG exports [7] - A new normal is evolving in rig operations due to technology advancements and increased rig productivity, making a return to old highs unlikely [13] Company Strategy & Performance - Baker Hughes is diversifying into more stable areas to create future value, moving away from secular cyclical trends [5][6] - Baker Hughes is more focused on natural gas than oil in terms of services and technology provided [8] - The acquisition of Chart for over $9 billion is a strategic move to provide equipment and services in the energy space and diversify into other industrial sectors [8][9] - Baker Hughes expects $1.5 billion in orders over one to three years for the data center business, having already announced $650 million in the first half of the year [14] Technology & Innovation - AI is playing a role in productivity and efficiency, enhancing digital capabilities and increasing equipment uptime [11][12] - Digital solutions are increasing equipment uptime by anticipating and predicting downtime [12]