The US oilfield services company Baker Hughes in the IV quarter of 2016 reduced the net loss compared to the same period of the previous year by 2.5 times – to $ 417 million, the company said.
Net loss amounted to $ 2.738 billion for 2016, which is 1.4 times more than on the results of 2015.
The company’s revenue in 2016 decreased by 1.6 times to $ 9.841 billion, and the revenue in the IV quarter decreased by 1.4 times to $ 2.41 billion.