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Baker Hughes Co [BKR] reports annual net loss of $2.0 billion
Company Reports Revenue of $25.5 billion
Baker Hughes Co [BKR] has reported a net loss of $2.0 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $25.5 billion
Based in Houston, Texas, Baker Hughes Co operates in the MANUFACTURING sector.
In the Consolidated Statements of Income (Loss) for the fiscal year ended December 31, 2023, Baker Hughes Company reported total revenues of $25.506 billion, marking an increase from the previous year's revenue of $21.156 billion in 2022 and $20.502 billion in 2021. This significant revenue growth can be attributed to higher sales in both the sales of goods and services segments.
The total costs and expenses incurred during the reporting period amounted to $23.189 billion, up from $19.971 billion in 2022 and $19.192 billion in 2021. Despite the increase in expenses, the operating income for 2023 improved to $2.317 billion compared to $1.185 billion in 2022 and $1.31 billion in 2021.
