Better Buy: Baker Hughes vs. Helmerich & Payne
The energy industry can be highly volatile, but energy services companies like Baker Hughes, a GE Company (NYSE: BHGE) and Helmerich & Payne (NYSE: HP) are particularly susceptible to price swings. That's because they sell products and services to oil and natural gas drillers, which often pull back hard on spending when oil prices falter (a relatively frequent occurrence lately). What makes the comparison between Baker Hughes and Helmerich & Payne so interesting, however, has less to do with the oil industry and more to do with the companies themselves. Here's why one of this pair is a much better option than the other today.
Baker Hughes, a GE Company was formed in mid-2017, when GE merged its oil and gas businesses with Baker Hughes. That created a company that can provide products and services to the energy industry across the entire spectrum of the space, including the upstream (drilling), midstream (pipelines), and downstream (chemicals and refining) subsectors. The company actually refers to itself as the world's "first and only fullstream provider."
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Source Fool.com
