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BHP and Woodside announce merger to form one of the world’s biggest energy companies

August 17, 2021
in Business
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Big miner BHP and oil and gas producer Woodside Petroleum have announced the merger of their oil and gas businesses to form one of the world’s biggest energy companies.

The merger will see Woodside issue new shares to BHP shareholders.

Woodside investors will hold a majority stake in the expanded company.

BHP has oil and gas fields in Australia, the Gulf of Mexico, Trinidad and Tobago and Algeria.

The combined company would be the largest energy company on the Australian stock exchange.

The deal needs to be approved by investors and regulators.

More to come. 

Posted 21m ago21 minutes agoTue 17 Aug 2021 at 7:21am



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Tags: BHPenergy companyOil and GasWoodside Petroleum
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