1. A $20 Billion Mistake: BHP Billiton Chairman Laments Huge Deal in US Shale

    A $20 Billion Mistake: BHP Billiton Chairman Laments Huge Deal in US Shale

    SYDNEY (Reuters) - BHP Billiton's Chairman Jac Nasser said on Thursday BHP's $20 billion investment in U.S. shale oil and gas six years ago was, in hindsight, a mistake.

    BHP entered the shale business at the height of the fracking boom in 2011 and invested billions more developing the operations. The fall in oil prices since then has led to pre-tax writedowns of about $13 billion on the business...

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