BHP considers exit from oil and gas business

BHP considers exit from oil and gas business

BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.

The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said the people, who asked not to be identified as the talks are private.

The business, which is forecast to earn more than $2 billion this year, could be worth an estimated $15 billion or more, one of the people said.