Baker Hughes Bracing for Second Wave of Covid-19 Lockdowns
- Sector has been decimated in the wake of an historic oil bust
- Company is second major oilfield servicer to disclose results
Baker Hughes Inc. signage is displayed at one of the company's facilities in Houston, Texas.
Photographer: Aaron M. Sprecher/Bloomberg
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Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded an historic oil bust.