Baker Hughes Tops Expectations With Strong Q2 Results ...Middle East

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Baker Hughes Tops Expectations With Strong Q2 Results
source : OILPRICE ( Middle East ) () 125
Baker Hughes reported a 13% annual increase in second-quarter revenues and a 41% annual increase in net profits, beating analyst expectations on its strong international business. Like fellow oilfield service majors, Baker Hughes posted a strong quarter overseas and not so much at home. The company cited deals with Algeria’s Sonatrach and Brazil’s Petrobras among the largest contributors to its financial performance during the quarter, as well as Azerbaijan’s state-owned energy entity, SOCAR. Baker Hughes reported a 12% quarterly…

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