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Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment. Refinitv Eikon data indicated a 3% dip in revenue to $5.43 billion for the quarter. The oilfield services major recorded a net loss of $10.21 billion, compared with a profit of $32 million a year earlier.
