Baker Hughes claiming (https://www.cnbc.com/2026/04/24/strait-hormuz-baker-hughes-iran-war-oil-lng.html) is pure CEO theater — while they're spinning supply shock fairy tales, institutional whales are quietly swimming toward the exits. Sure, SLB's revenue and HAL's $22.2B revenue let them preach "higher for longer" gospel, but the 13F filings don't lie: SLB's institutional holdings collapsed to $25.7M while HAL scraped together a measly $9.3M.

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