Baker Hughes CEO Lorenzo Simonelli on the Energy Sector

The US is leading global oil production for the sixth straight year according to data from the EIA. Record cash piles by energy giants also fueling consolidation in the space. Exxon, Chevron and ConocoPhillips all announcing new deals this year. Lorenzo Simonelli, CEO of Baker Hughes joined Bloomberg Surveillance to discuss the oil sector and Baker Hughes' role in it.

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