Monday, December 15, 2025
Energy Transition Outlook Report 2023
HomeOil and GasBaker Hughes Sees $200 Million Hit from Tariffs, Trims Spending Outlook

Baker Hughes Sees $200 Million Hit from Tariffs, Trims Spending Outlook

Baker Hughes expects a $100 million-$200 million hit from tariffs and has lowered its 2025 global and North American upstream spending forecasts, citing oil price volatility and weakening demand.
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