The energy sector has been unloved in recent years, with investors stressing over the long-term future of fossil fuels in light of the rise of renewable energy. However, Baker Hughes (NASDAQ: BKR) has plans to navigate the transition, and recent events have worked in its favor.

In fact, the stock is one of the standout investment options in the sector. Here's why.

The company operates out of two segments, with oil field services and equipment (OFSE) providing solutions across the life cycle of an oil asset. The second segment, industrial and energy technology (IET), offers gas technology equipment and services to energy companies -- including natural gas and liquefied natural gas (LNG) -- and gas technology to industrial customers. 

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Source Fool.com