BHP Group said it is considering selling its petroleum business—reducing its fossil-fuel exposure as pressure from investors and governments for resources companies to cut emissions grows
SYDNEY—The world’s biggest mining company is plotting a new future. It wants to focus solely on mining.
BHP Group Ltd. said it is considering selling its oil-and-gas business in what would rank as one of the energy industry’s biggest deals this year: Analysts estimate the unit could be worth at least $15 billion. It is talking with Australia’s Woodside Petroleum Ltd. about a possible deal in which BHP shareholders would receive Woodside stock.
BHP has long justified its oil-and-gas investment—which sets it apart from mining rivals—as a way to hedge against swings in prices of other commodities, such as iron ore. That stance hasn’t always chimed with shareholders. Four years ago, activist investor Elliott Management Corp. bought a stake and urged sweeping changes, includingBHP’s review of the business ahead of a possible sale is further evidence that resources companies are responding to
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Drumbeat grows louder for BHP to exit petroleumExpectations are growing that BHP Group Ltd (BHP.AX), (BHPB.L) will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.
Consulte Mais informação »
Drumbeat grows louder for BHP to exit petroleumExpectations are growing that BHP Group Ltd (BHP.AX), (BHPB.L) will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.
Consulte Mais informação »
How Figma Became Design’s Hottest Startup, Valued At $10 BillionDylan Field sculpted Figma into design software’s hottest startup, valued at $10 billion and No. 7 on the Cloud 100 list, by listening first and letting the market and customers guide its research and development.
Consulte Mais informação »
How Figma Became Design’s Hottest Startup, Valued At $10 BillionDylan Field sculpted Figma into design software’s hottest startup, valued at $10 billion and No. 7 on the Cloud 100 list, by listening first and letting the market and customers guide its research and development.
Consulte Mais informação »
'Pivotal' moment for businesses considering back-to-office plansWith a smooth return to 'normal' after Labor Day no longer looking feasible, how organizations navigate recalling millions of workers could have a costly impact on retention at a time when job openings and quit rates are both at record highs.
Consulte Mais informação »
The Profound Benefits of Prioritizing FriendshipsFriendships may be more important than we realize. People who value friends more highly also tend to be happier, healthier, and more satisfied with their lives, a major survey finds.
Consulte Mais informação »