Share Name Share Symbol Market Type
BHP Billiton Ltd ASX:BHPCD Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 44.75 44.30 44.82 0.00 00:00:00

BHP, Woodside in Talks on BHP's Petroleum Business

16/08/2021 1:53am

Dow Jones News

BHP Billiton (ASX:BHPCD)
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   By Rhiannon Hoyle 

SYDNEY--BHP Group Ltd. is in talks with Woodside Petroleum Ltd. on a potential deal to combine BHP's petroleum unit with the Australian energy company.

BHP said on Monday that a possible deal with Woodside would include a distribution of Woodside shares to BHP shareholders.

"While discussions between the parties are currently progressing, no agreement has been reached on any such transaction," BHP said.

It is one of a number of options BHP is looking at as part of a strategic review of its petroleum business.

"BHP regularly reviews its portfolio of assets in order to seek opportunities to maximize long-term shareholder value," the company said.

Woodside separately confirmed it was in talks with the mining company.

"Woodside continuously reviews the composition of its asset portfolio and opportunities to create and deliver value for shareholders," the company said.


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

August 15, 2021 20:38 ET (00:38 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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