Response press speculation on Petroleum business

RNS Number : 6755I
BHP Group PLC
16 August 2021
 

 

 

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

 

 

NEWS RELEASE

 

Release Time

IMMEDIATE

Date

16 August 2021

Release Number

14/21

 

 

Response to press speculation regarding BHP's Petroleum business

 

BHP notes the recent press speculation regarding our Petroleum business. As previously stated, BHP regularly reviews its portfolio of assets in order to seek opportunities to maximise long-term shareholder value. 

 

BHP confirms that we have initiated a strategic review of our Petroleum business to re-assess its position and long-term strategic fit in the BHP portfolio. A number of options are being evaluated. One option is a potential merger of the Petroleum business with Woodside Petroleum Ltd (Woodside) and a distribution of Woodside shares to BHP shareholders. We confirm that we have been in discussions with Woodside. While discussions between the parties are currently progressing, no agreement has been reached on any such transaction.

 

A further announcement will be made as and when appropriate.

 

 

The person responsible for arranging the release of this announcement on behalf of BHP is Stefanie Wilkinson, Group Company Secretary.

 

 

 

Further information on BHP can be found at: bhp.com

 

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

 

 

Media Relations

 

Email: media.relations@bhp.com

 

Investor Relations

 

Email: investor.relations@bhp.com

 

 

 

Australia and Asia

 

Gabrielle Notley

Tel: +61 3 9609 3830  Mobile: +61 411 071 715

 

Europe, Middle East and Africa

 

Neil Burrows

Tel: +44 20 7802 7484  Mobile: +44 7786 661 683

 

Americas

 

Judy Dane

Tel: +1 713 961 8283  Mobile: +1 713 299 5342

 

Australia and Asia

 

Tara Dines

Tel: +61 3 9609 2222  Mobile: + 61 499 249 005

 

Europe, Middle East and Africa

 

James Bell

Tel: +44 20 7802 7144  Mobile: +44 7961 636 432

 

Americas

 

Brian Massey

Tel: +1 713 296 7919  Mobile: +1 832 870 7677

 

 

 

 

BHP Group Limited ABN 49 004 028 077

LEI WZE1WSENV6JSZFK0JC28

Registered in Australia

Registered Office: Level 18, 171 Collins Street

Melbourne Victoria 3000 Australia

Tel +61 1300 55 4757 Fax +61 3 9609 3015

 

BHP Group plc Registration number 3196209

LEI 549300C116EOWV835768

Registered in England and Wales

Registered Office: Nova South, 160 Victoria Street

London SW1E 5LB United Kingdom

Tel +44 20 7802 4000 Fax +44 20 7802 4111

 

 

 

Members of the BHP Group which is

headquartered in Australia

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