Lorenzo Simonelli

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Joining us now is the Baker Hughes CEO, Lorenzo Simonelli.

And Lorenzo, the market punishing you, even though these were really large numbers, orders of $10.8 billion, 35% above what analysts were expecting.

What we're seeing in your figures, Lorenzo, is this some sort of pull forward, customers rushing to put in orders with a backlog, or are we witnessing right now a genuine step change in the order cycle?

When we look at our global CEOs, their time is extremely precious.

So if we have Lorenzo Simonelli from Baker or, you know, Russell Hardy, CEO of Vital, or, you know, Arnie from Technip, they come to us for three or four days.

They're not in for a meeting.

Because they see the value of being there and they see their ecosystem or people they want to do business with.

Yes.

So I remember Lorenzo Simonelli reaching out and having tea with me in London and then telling me that Jeffy Meld wanted to meet.

And so I was flown to Fairfield Connecticut to meet with Jeffy Meld.

What was that like?

And that's where that chief global operations leader role was really, really super helpful.

Because I...

I wrote, I would say, the standard operating procedures on how the two companies needed to operate together, of course, with the support of Lorenzo Simonelli.

So it was great, yes.

100, 100 ministers and 500 CEOs, and I saw some things on FT popping up yesterday, uh, specifically talking about the CEOs.

Um, not confirmed whether all of these canceled at the last minute, but Darren Woods, Patrick Po- Pouyan from Total, Lyle, of course, Mag O'Neill, and Baker Hughes', uh, Lorenzo Simonelli.

The Italian energy minister apparently joined via video.

And the big conundrum here is, you know, we certainly don't want to offend the kingdom, but when missiles are raining down on arrival airports, that's probably something you want to keep your, your highest value executives or anyone away from.

The second is a separate memorandum of understanding with New Stratus Energy covering future oil and gas prospects.

Chairman and chief executive Lorenzo Simonelli said a central objective is an integrated gas chain, including the potential to export the first LNG produced in Venezuela.

That is the line that draws attention, and the company's own release puts firm limits around it.

Baker Hughes describes the alliance as a cooperation framework.