Baker Hughes has reported forecast-beating financial figures for the first quarter of the year, joining Halliburton and SLB in booking robust performance amid strong demand for oilfield services. Baker Hughes boasted a net income of $455 million for the first quarter, on revenues of $6.4 billion, which was a 12% improvement on the year. Earnings before interest, tax, depreciation, and amortization rose 21% to $943 million. The strong financial performance was driven by higher demand for oilfield services amid rising oil prices, with international…
