Finance

Baker Hughes suffers loss on oilfield services cutbacks

Global drop in demand cuts revenue as asset impairments also weigh on bottom line of US contractor

Feeling profits pain: Baker Hughes chief executive Lorenzo Simonelli
Feeling profits pain: Baker Hughes chief executive Lorenzo SimonelliPhoto: BAKER HUGHES
Oslo
Baker HughesUSALorenzo SimonelliEuropeAsia
Published 21 October 2020, 12:27Updated 21 October 2020, 12:27