Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.
The company has banked on demand for equipment and services, such as gas turbines and compressors, it provides to liquefied natural gas (LNG) companies in recent quarters as weak oil prices have hurt drilling and completions activity in oil basins.
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Source: Reuters | Published: 2026-01-26T00:02:28Z
Credit: Reuters
