Baker Hughes reports fall in profit
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.
The recovery in oil demand is under threat from new strains of COVID-19, but Baker Hughes expects spending and activity levels to gain momentum through the year as the macro environment improves, CEO Lorenzo Simonelli said in a statement.
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