Additionally, Baker Hughes is less reliant on the liquefied natural gas (LNG) newbuild cycle and has significant growth opportunities in emerging markets like data centers, gas infrastructure, and new energy sectors. Baker Hughes' resilience in the production-heavy oilfield services and equipment (OFSE) portfolio further supports the Buy rating, especially amidst the challenges of an oversupplied global oil market. The company's focus on commercial discipline and cost efficiency, particularly in the Gas Tech Equipment and Subsea sectors, is expected to enhance margins and free cash flow. These factors, along with the company's strategic improvements and tax efficiencies, bolster confidence in achieving long-term targets and delivering solid returns to shareholders.