Baker Hughes Co on Wednesday said it beat first-quarter profit estimates as rising oil prices boosted demand for its equipment and services, sending the oilfield firm's shares higher.
on Wednesday said it beat first-quarter profit estimates as rising oil prices boosted demand for its equipment and services, sending the oilfield firm's shares higher.
"We remain optimistic on the outlook for energy services," despite the oil price volatility, Baker Hughes CEO Lorenzo Simonelli said. Meanwhile, Baker Hughes has lowered its view of spending growth in North America drilling and completions for the year to low double digits from mid- to high double digits earlier.
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