Bloomberg Talks
00:03:35 · S0, Lorenzo Simonelli, S1
[00:03:35] S0: Lorenzo, we also have geopolitical risks still in our world. How are Middle East tensions changing the way consumers understand our spending and their demand for energy infrastructure? [00:03:45] S2: Again, we focus on the Middle East on a daily basis. Obviously, we've got a large population of employees there. Their security is extremely important. and we safeguard also the operations of our customers. And I've been very pleased with the performance in third quarter by our team, and also the moderation and increase in some of the activity. We think at this stage that fourth quarter activity will be similar to the second quarter, and a lot is to be seen how the tension continues to unfold, and also we all hope that there's a de-escalation in the future. And with that comes the opportunity of increased activity and also rebuilding infrastructure and the need for energy infrastructure as we take up production going forward. [00:04:37] S1: Lorenzo, thank you so much for your time this morning. We appreciate it. Lorenzo Simonelli of Baker Hughes.