Post Tagged with: "2019 profit"

Source: Houston Chronicle

Bankruptcy allows Weatherford to realize first profit in more than six years

Houston Chronicle


Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford International to close 2019 with its first profit in more than six years.

Shedding roughly $6 billion of debt after successfully emerging from Chapter 11 reorganization in mid-December, …

Baker Hughes closes 2019 with a profit while peers report huge losses

Baker Hughes closes 2019 with a profit while peers report huge losses

Houston Chronicle


Houston oil-field service company Baker Hughes closed 2019 with a profit as its peers in the troubled sector are reporting multibillion dollar losses.

Baker Hughes reported $128 million of net income in 2019, a 34 percent decline compared with …