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LNG Demand Fuels Strong Third Quarter for Baker Hughes

Strong demand for LNG-related services drove Baker Hughes' third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year. Free cash flow rose as well, from 239millionattheendofJuneto239 million at the end of June to 699 million at the end of September, and cash flow from operating activities rose from 510millionattheendofJuneto510 million at the end of June to 929 million at the end of September, although both cash flow figures were down on an annual ba ...