BHP Group is in talks over a potential merger of its oil and gas unit with Woodside Petroleum Ltd. to accelerate a retreat from fossil fuels amid increasing pressure to curb emissions.
Options being discussed include a distribution of Woodside shares to BHP holders to allow the Australian energy firm to add operations spanning Australia to the Gulf of Mexico, the companies said in separate statements. BHP’s unit could be valued at more than $15 billion, a person familiar with the details said last month.
"Exit" - Google News
August 16, 2021 at 07:20AM
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BHP Nears Oil and Gas Exit as Climate Scrutiny Intensifies - Bloomberg
"Exit" - Google News
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