BHP Is Said to Mull Oil Exit in Retreat From Fossil Fuels
- Deliberations still at an early stage, no final decision made
- Miner wants to exit while it can still get a good price
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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.