Better Buy: Baker Hughes vs. Schlumberger

Shares of energy services companies like Baker Hughes, a GE Company (NYSE: BHGE) and Schlumberger (NYSE: SLB) have been in a general downtrend ever since oil prices peaked in mid-2014. With oil prices hovering around the break-even point for many exploration and production companies, spending has been restrained throughout the energy space. But with the shares of these two industry giants now roughly 66% lower than they were five years ago, is a buying opportunity emerging?

With a $25 billion market cap, Baker Hughes is roughly half the size of Schlumberger. Still, they are both giants in the energy services space with long histories and broad, global product offerings. Baker Hughes, in fact, likes to describe itself as a "fullstream provider" since it spans the upstream (drilling), midstream (pipelines), and downstream (chemicals and refining) spaces.   

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