BHP considers sale of $15 Billion-valued petroleum business
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SYDNEY — BHP said it is in talks with Australian oil-and-natural-gas company Woodside Petroleum Ltd. on a potential deal to combine BHP’s petroleum unit with Woodside.
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BHP is also assessing other options for the division as part of a strategic review, the company said, without elaborating.
Analysts estimate the petroleum business has a value of at least $15 billion, and a deal is being explored while BHP separately hunts for a buyer for its thermal-coal mining business.