Its announcement came a day after its rivals took similar steps in response to U.S. sanctions on Russia.
Halliburton stopped shipments of specific sanctioned parts and products to Russia several weeks ago, per ABC News. Schlumberger, too, halted investment and said it would stop sending technology to its operations in the country.Lorenzo Simonelli, Baker Hughes’ chairman and CEO, said in a statement the company “strongly supports a diplomatic solution” to the conflict.
“The health and safety of our employees, customers, partners, and their families always remains our top priority,” Simonelli said. “We have been continuously monitoring the situation, and today’s announcement follows an internal decision made with our Board of Directors and communicated to our leadership team earlier this week.”
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