Baker Hughes CEO Says Remaining One Company Still Makes Sense [Financial Post (Toronto, Ontario, Canada)]
Barclays PLC (BCS)
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Source: Financial Post
splitting itself up, but its CEO says it still makes sense to keep it as one company. The world's no. 2 oilfield contractor by market value is focusing on a second major source of business which it calls industrial energy technology, Chief Executive Officer Lorenzo Simonelli said Sept. 8 on an investor webcast for a Barclays Plc virtual conference. The new business is being driven by liquefied natural gas, energy transition work and industrial asset management. 19 best online deals in the Canadian retail space right now Advertisement Advertisement Article content The company sees its bread and butter oilfield services and equipment businesses likely maturing over the medium to long term, while growth prospects for industrial energy technology look increasingly attractive over the near and long term horizon, Simonelli said. “With this evolution, you may ask whether it makes sense to keep the company together; we believe the answer today is ‘yes,'” Simonelli said. “However
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