Baker Hughes hit in abrupt shift to oil from gas: CEO

摘要

New Orleans—With Baker Hughes shares con-tinuing to hover down near their 52-week low,CEO Martin Craighead spoke March 27 andblamed unforseen supply chain issues fromthe 2010 acquisition of pressure pumper BJServices for his company’s current woes.Addressing a session of the 40th annualHoward Weil Energy Conference in NewOrleans, Craighead came straight to the topicthat seemed to be on everyone’s mind afterlast week’s warning on Baker Hughes’ first-quarter results (ON 3/22).