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22 Jan
16:40

Baker Hughes prepares for renewable energy future

US energy services company Baker Hughes expects slow but real growth in the oilfield in 2020.  Long-term, however, the company plans to leverage the global focus shift from fossil fuels to renewables to stay relevant, Kallanish understands.  In 2019, Baker Hughes recorded a net profit of $128 million on sales of $23.84 billion - down from a profit of $195m on sales of $22.88 billion in 2018.  “As we look ahead to 2020, we see a macro environ…
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