Raw materials group – BHP sells its oil activity – Economy

Australian commodities group BHP is divesting its oil and gas business. The group announced that the zone would merge with Woodside Petroleum. Once the transaction is completed, BHP shareholders are expected to own around 48% of Woodside. BHP is preparing for a global shift away from fossil fuels and is therefore reducing its involvement in the region. The commodities company also sold stakes in coal. During the climate crisis, investors are increasing the pressure on companies to separate from these companies. BHP now wants to invest the equivalent of around 4.85 billion euros in a new fertilizer mine in Canada. In addition, the company has announced the removal of its dual listing: in the future, there will be only one listing in Australia.

Related Articles

Back to top button