BHP handing unexpectedly small $3.9 billion clean-up tab to Woodside in oil merger By Reuters – Investing.com

BHP handing unexpectedly small $3.9 billion clean-up tab to Woodside in oil merger By Reuters – Investing.com

By Sonali Paul

MELBOURNE (Reuters) - BHP Group (NYSE:) will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside (OTC:) when it merges its petroleum business with the independent Australian gas producer.

Woodside's shares jumped 6.5% after the figure was disclosed in BHP's annual report on Tuesday, outperforming gains of around 4% among its peers.