Baker Hughes revenue drops $8.8 billion in 2015
January 29, 2016
Baker Hughes Inc. released its fourth quarter and yearly numbers Thursday. The company posted fourth-quarter revenue of $3.4 billion and $15.7 billion for the year, an $8.8 billion drop from full-year revenue in 2014. Company executives said the oilfield services business was hit hard by falling oil prices, which have slipped by more than 60 percent since 2014.
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