Uncategorized

Baker Hughes books loss in second quarter

Oilfield services company Baker Hughes, a GE company, recorded a net loss during the second quarter of 2018 while its revenues were up by 2 percent. 

Baker Hughes, which completed its merger with GE’s Oil & Gas division in July 2017, on Friday said that its orders for the second quarter of 2017 were $6 billion, up 15% sequentially and up 9% year-over-year on a combined business basis when its combined orders amounted to $5.6 billion.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s