BHP considering exiting oil and gas business in multibillion-dollar deal - Panorama Insurance Brokers

BHP considering exiting oil and gas business in multibillion-dollar deal

(Reuters) – Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, the report said, adding that the deliberations were still at an early stage and no final decision has been made.

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