Baker Hughes reported expectation-beating financial results for the third quarter in the latest sign that the oilfield service industry is healing nicely after the pandemic and the oil and gas price slump the lockdowns caused. The company booked a net profit of $518 million, swinging from a loss a year ago, and boasted 24% higher revenues. It also said its order book had swelled by 40% during the third quarter. International business contributed significantly to the overall revenues, marking a 19% annual increase in the third quarter. "Oil prices…
