Post Tagged with: "Q2 loss"

Source: Reuters

Baker Hughes’ Q2 loss widens as Russia-related charges, inflation bite


Oilfield services provider Baker Hughes BKR.N on Wednesday reported a bigger second-quarter loss, hit by a $365 million charge from its Russian operations and supply chain inflation, while adjusted profits also missed analysts’ forecasts.

The company’s shares sank 10.5% …

Source: Reuters

U.S. shale producers’ Pioneer Natural, Parsley prepare job cuts


Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses.

The cost cuts are …