Baker Hughes announces sales of $6.83 billion for Q4 2023, up 16% on the same period a year earlier.

Adjusted EBITDA was $1091 million, up 15%, while adjusted net income was $511 million, up 34% year-on-year, giving adjusted EPS of $0.51 (+34%).

'As our strong 2023 results show, Baker Hughes is on track to become a leaner, more efficient energy technology company. We continue to carefully execute our plan to significantly increase our margins', said Lorenzo Simonelli, Chief Executive Officer of Baker Hughes.

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