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BHP offboards its petroleum business in merger with Woodside; focus on "future-facing commodities"

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. The all-stock merger will create a global top 10 independent energy company by production, and will also allow BHP to focus more intently on “future-facing commodities” that are most positively leveraged towards population growth, rising living...
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BHP, late to the coal exit party, will be tempted by oil's early doors

Save Share BHP was late to the party when it came to selling coal assets, so you can understand why it might want to turn up while the bar tab is still running on the petroleum divestment bash. A full divestment of oil and gas would have BHP among the very first of the oil and gas majors to reach for the exits and would require a major shift in the rhetoric chief executive Mike Henry has espoused in recent months. BHP CEO Mike Henry reckons oil has some attractive decades ahead.  “We se...
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Source: afr.com

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BHP announces operational review for the year ended 30 June 2021

BHP announces operational review for the year ended 30 June 2021 20 Jul 2021 BHP gave the following update on its petroleum activities. Total petroleum production decreased by six per cent to 103 MMboe, with volumes slightly above the top end of our guidance range. Production is expected to be between 99 and 106 MMboe in the 2022 financial year, reflecting a full year of the additional 28 per cent working interest acquired in Shenzi, increased production at Shenzi from infill wells and increase...
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