(RTTNews) - Oilfield services provider Baker Hughes Co. reported Monday weak profit in its fourth quarter, below market estimates, despite higher revenues driven by strong volume in both segments. Lorenzo Simonelli, Baker Hughes chairman and chief executive officer, said, "In 2023, the global economy is expected to experience some challenges under the weight of inflationary pressures and tightening monetary conditions. Despite recessionary pressures in some of the world's largest economies, we maintain a positive outlook for the energy sector, given supply shortages appear likely to persist."