BHP Agrees to Exit Oil Business, Approves Giant New Potash Mine
(Bloomberg) -- BHP Group will merge its oil and gas operations with Woodside Petroleum Ltd. as the biggest miner positions itself for a global shift away from fossil fuels and prepares to plow $5.7 billion into a massive new fertilizer mine in Canada. After the deal, BHP shareholders will own about 48% of Woodside, the miner said in a statement Tuesday. The company also announced it will eradicate its dual-listing structure and move to a single primary listing in Australia...
Login to comment.