Shares of oil and gas equipment and services company Baker Hughes (BKR 1.26%) declined 16.6% in January, according to data from S&P Global Market Intelligence. The decline comes as the company's fourth-quarter 2023 earnings and 2024 guidance confirmed some of the near-term headwinds in its business. In a nutshell, it's not that Baker Hughes isn't set to grow again this year. It is. But recent events have tempered its 2024 growth outlook.Baker Hughes' near-term headwindsThe company's troubles in the short te ...