BHP considers exit from oil and gas business

business oil exit gas bhp
Gulf
  • Date: 07/21/2021
  • Source: Energy Voice
  • Sector: Oil & Gas
  • Country: Gulf

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.