The Stand-Alone Baker Hughes Continues to Execute at a Level Well Below Schlumberger and Halliburton
Baker Hughes reported fourth-quarter results on Jan. 26, and the company continues to struggle to turn its cost-reduction efforts into tangible financial improvements to its results. It seems that no matter how much Baker is improving, the firm cannot get any closer to closing the gap between it and peers Schlumberger and Halliburton. This is most evident in its North American business, which has been beset by issues for the past five years. A huge part of the problem is the pressure pumping fle...
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