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BHGE and NOV: Mixed Capex Growth in 1Q18

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Baker Hughes’s increased capex in 1Q18

In this part, we’ll compare Baker Hughes, a GE Company (BHGE), and National Oilwell Varco’s (NOV) capex growth in 1Q18. Baker Hughes recorded ~133% capex growth in 1Q18 compared to 1Q17. In 1Q18, Baker Hughes spent ~$177 million on the capex compared to $76 million the previous year.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

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National Oilwell Varco’s capex declined in 1Q18

National Oilwell Varco recorded a 7% capex decline in 1Q18 compared to the previous year. In 1Q18, National Oilwell Varco spent ~$39 million on the capex compared to $42 million the previous year. National Oilwell Varco accounts for 4.9% of the VanEck Vectors Oil Services ETF (OIH). OIH tracks an index of 25 oilfield equipment and services companies. In the past year, OIH declined 1% compared to a 13% rise in National Oilwell Varco’s stock price during the same period.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

Next, we’ll discuss Baker Hughes and National Oilwell Varco’s free cash flow growth.

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