Raised existing share repurchase authorization by US$50 billion11 per cent increase to quarterly ordinary dividendNet income in latest quarter:Increased total quarterly dividend to US$3.16 per share from Us$2.32 per shareBAKER HUGHES COThis advertisement has not loaded yet, but your article continues below.
Net loss of US$17 million on restructuring charges, compared to a profit of US$8 million a year earlierTo resume a share repurchase programIncreased dividend by 30 per cent to US75 cents per shareExpects to commence share repurchases in November using the remaining $5 billion authorizationThe top 25 oil companies by market capitalization posted record profits renewing calls for a windfall tax.
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