Baker Hughes Plans $3 Billion Share Buyback

摘要

Oil-field services giant Baker Hughes plans to repurchase up to $3 billion of its common shares as it looks to return capital to investors amid an industry-wide push for greater spending discipline. The share buyback program, which management had telegraphed, comes about four months after the company combined with GE Oil & Gas and started trading under the ticker "BHGE" (OD Jul.4'17).