BHP confirms possible exit petroleum
BHP confirmed that they have reviewing a potential merger with Woodside Petroleum Ltd and a distribution of Woodside shares to BHP shareholders.
"A number of options are being evaluated. One option is a potential merger of the Petroleum business with Woodside Petroleum Ltd (Woodside) and a distribution of Woodside shares to BHP shareholders. We confirm that we have been in discussions with Woodside. While discussions between the parties are currently progressing, no agreement has been reached on any such transaction,” the company said in a statement.
They said a further announcement will be made "as and when appropriate."
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
China’s Weak Winter LNG Demand Provides Relief for Rival Buyers
Oil Edges Higher Ahead of US Inflation Figures and OPEC Report
Oil Slips as Glut Outlook Outweighs Optimism on China Stimulus
Oil Edges Higher as Traders Weigh Fallout From Syrian Upheaval
China’s Solar Industry Looks to OPEC for Guide to Survival
Five Key Charts to Watch in Global Commodity Markets This Week
Oil Steadies as OPEC+ Opts Again to Delay Plan to Restore Output
NMDC LTS to acquire 70% equity stake in Emdad
Oil Holds Drop as OPEC+ Decision on Supply Takes the Spotlight
