Lower oil prices since mid-2014 are expected to damage this year’s finances, though progress is steady, U.S. oil services company Baker Hughes said Tuesday. Baker Hughes said it had a record year, with full-year revenues of $24.6 billion coming in 10 percent above 2013 levels. Chairman and Chief Executive Officer Martin Craighead said fourth quarter results only punctuated the full-year performance. With oil prices off more than half of their June values, however, Craighead said to expect challenges ahead. While demand is holding steady, the number of rigs exploring for or producing oil is declining as company’s pull back in the bear mark. Craighhead said that would “clearly” impact the revenue stream for 2015. “We are taking proactive steps to manage the business through these […]