July 30 (Reuters) - U.S. oilfield services provider Baker Hughes Co (BKR.N) said on Friday it had authorized Baker Hughes Holdings LLC to repurchase up to $2 billion of its common units.
The move comes as oil and gas companies keep their focus on shareholder returns over spending to expand production, even as crude prices climb to their highest levels since 2018.
Shares of Baker Hughes were up 1.3% to $21.44 in mid-morning trading. Benchmark Brent crude were broadly flat at $76.18 a barrel.
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