A tool for removing material or machining the end of a pipe. The tool having at least one and preferably two blade plates. Each blade plate includes a first cutter for machining an end surface of the pipe, a second cutter adjacent the first cutter for producing an internal chamfer in the pipe end and a third cutter adjacent the first cutter positioned for producing an external chamfer adjoining the end surface of the pipe end. Devices guide and permit movement of the cutters either radially or axially. The shaping of the cutter is disclosed.