Baker Hughes takes $15bn hit amid oil price decline

Oilfield services firm to cut capital spend 20% over 2019 levels

Sign of the times: Baker Hughes cuts spending, takes impairment charges — Sign of the times: Baker Hughes cuts spending, takes impairment chargesPhoto: REUTERS/SCANPIX

Caroline Evans

Published 13 April 2020, 15:18Updated 13 April 2020, 15:26

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