Baker Hughes Narrows Loss, Prepares for Merger with GE

SUGAR LAND--January 27, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Drilling services provider Baker Hughes Incorporated (NYSE:BHI) (Houston, Texas) reported a net loss of $417 million in fourth-quarter 2016, compared to a net loss of $1.03 billion in fourth-quarter 2015. The company pointed out that revenue had increased 2% sequentially from the third quarter of 2016, thanks in large part to an increase in activity North American drilling. Industrial Info is tracking $3.15 billion in projects involving Baker Hughes.

Other companies featured: Chevron Corporation (NYSE:CVX), General Electric Company (NYSE:GE)