North America Takes Second in Revenue for Baker Hughes

April 29, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) recorded $6.4 billion in revenue during the first quarter, though North American operations took second fiddle to work in the Middle East and Asia.

Earnings season for major energy companies is in full swing, with rival SLB (NYSE:SLB) (Houston), formerly Schlumberger, among those kicking things off with first quarter revenue of $8.7 billion, a 13% increase from year-ago levels. Baker Hughes turned in a good performance as well, with its $6.5 billion in first quarter revenues beating year-ago levels by 14% and by 5% when compared with the fourth quarter.

Other companies featured: Exxon Mobil Corporation (NYSE:XOM)