Baker Hughes post $200 million loss as revenues slashed amid Covid-19 impacts

Oilfield services giant preparing for ‘potential future volatility’, while also focusing on reducing costs

Second-quarter loss: Baker Hughes chief executive Lorenzo Simonelli
Second-quarter loss: Baker Hughes chief executive Lorenzo SimonelliPhoto: KAIA MEANS/UPSTREAM
Published 22 July 2020, 12:12Updated 22 July 2020, 12:12