Baker Hughes reports Q4 net loss
Published: Friday, 27 January 2017
Although the company saw an uptick in North American oil and gas activity towards the end of 2016, Baker Hughes reported a net loss of $417m, while revenues also saw a y-o-y decline in Q4.
Baker Hughes Inc., one of the US’ largest
oilfield services providers, has reported a net loss of $417m
for the fourth quarter of 2016 as the oilfield sector concluded
another difficult year....