2016 CEO Energy-Power Conference Martin Craighead 2016 Baker Hughes Incorporated. All Rights Reserved. Chairman and Chief Executive Officer September 7, 2016 2 0 1 6 BAKER HUGHES INCORPORAT E D. AL L RIGHT S RESERVED. T ERM…
AGENDA INDUSTRY OUTLOOK OUR PROGRESS THE NEED FOR TECHNOLOGY Q&A 2016 Baker Hughes Incorporated. All Rights Reserved. 2
INDUSTRY OUTLOOK Sustainable oil prices in the upper 50s required for North America recovery Recent rig additions driven by small, private E&Ps, many with lower overall spend per well North America activity growth limited to core…
INDUSTRY OUTLOOK Oil price recovery dampened by shale producers ability to quickly ramp up production International activity will lag oil price recovery We remain optimistic on the long-term outlook for our industry 2016 Baker…
MAKING PROGRESS RESTRUCTURED NEW PRODUCTS TO OPTIMIZED CAPITAL ORGANIZATION MARKET FASTER STRUCTURE 2016 Baker Hughes Incorporated. All Rights Reserved. 6
MAKING PROGRESS Exceeding the 500 million cost reduction target for 2016 Progress on North America land pressure pumping plans exploring range of ownership models to participate in growth and reduce capital requirements Building…
2016 Baker Hughes Incorporated. All Rights Reserved. 8 THE NEED FOR TECHNOLOGY
ACHIEVING RADICAL EFFICIENCIES EXTEND END TO END STANDARDIZATION INITIATIVE 2016 Baker Hughes Incorporated. All Rights Reserved. 9
ACHIEVING RADICAL EFFICIENCIES IMPROVE EXISTING PRODUCTS AND DEVELOP NEW PRODUCTS TO MAXIMIZE EFFICIENCY GAINS 2016 Baker Hughes Incorporated. All Rights Reserved. 10
ACHIEVING RADICAL EFFICIENCIES 2016 Baker Hughes Incorporated. All Rights Reserved. MAXIMIZE THE VALUE OF DATA AVAILABLE AND CONNECT ALL SOURCES OF INTELLIGENCE 11
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