The second of the "big three" oil and gas service companies, Baker Hughes (BHI +0.00%), released its fourth-quarter and full-year results for 2012 this morning. Much like its larger peer, Schlumberger (SLB +0.33%), Baker Hughes witnessed continued headwinds in the on-land North American market. Bright spots internationally lead to an 8% jump in year-over-year revenues, but margins did not allow for any bottom-line growth. To see what markets helped and hurt this services leader, check out Motley Fool energy analyst Taylor Muckerman's video below.
North American Market Weighs Down Oil and Gas Services
By Taylor Muckerman – Jan 23, 2013 at 4:00PM
NYSE: BHI
Baker Hughes
Where North America failed the industry in 2012, the international market bailed it out.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.