Baker Hughes joins oil rivals in pausing Russian operations

By ANNE D’INNOCENZIO
AP Business Writer

NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from  Russia in response to Moscow’s war against Ukraine. Baker Hughes made its announcement one day after similar moves by oil rivals Halliburton Co. and Schlumberger.The steps from the Houston, Texas-based businesses come as they respond to U.S. sanctions over Russia’s invasion of Ukraine. More than 400 U.S. and other multinational firms have pulled out of Russia, either permanently or temporarily, according to Jeffrey Sonnenfeld, senior associate dean for Executive Programs at Yale University’s School of Management, who has publicized a list of corporate actions in Russia.  But roughly 30 companies remain.