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.
The performance saw a partial improvement from a loss of
$429m the previous quarter and $1.03bn in Q4 the...