GE, Baker Hughes Agree to $32 Billion Oil-Services Deal

What is the main goal of the merger between GE and Baker Hughes?

• To focus solely on technology

• To reduce the number of employees

• To combine software and equipment for a stronger market offering

• To increase oil production

What strategic approach is the new company taking in the oil industry?

• Focusing only on oil services

• Becoming a pure technology company

• Combining technology and heavy equipment

• Expanding into renewable energy

What challenge does Halliburton face after the GE and Baker Hughes merger?

• Lack of technological expertise

• Being left out of the merger and reduced market size

• Increased competition from smaller companies

• Regulatory issues

What is one potential strategy for Halliburton to remain competitive?

• Increasing the number of rigs

• Forming partnerships and cutting costs

• Focusing on renewable energy

• Acquiring GE

How has the number of rigs changed in the industry over the past two years?

• Increased significantly

• Remained the same

• Decreased from 2000 to about 550

• Doubled