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Baker Hughes reports 20% lower revenue, expects continued rig count drop

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HOUSTON – The downdraft in the rig count looks set to continue as “unfavorable market conditions” persist throughout the second quarter, Baker Hughes said Tuesday as the company unveiled its first quarter results. First quarter 2015 revenue was $4.6 billion, down 20% from the like period last year. More »
Baker Hughes reports 20% lower revenue, expects continued rig count drop Baker Hughes reports 20% lower revenue, expects continued rig count drop Reviewed by Crude Oil Facilitators on 20:30 Rating: 5

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