Baker Hughes reports Q4 net loss

By Kasia Patel
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...

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