Exploration & Production | Deals - Acquisition, Mergers, Divestitures
BHP Considers Spin Off to Focus on Core Business
Print
|
BHP Billiton may be considering a spinoff of $12 Billion worth of its operations acquired from its 2001 purchase of Billiton PLC, according to a report from Bloomberg.
The company would focus on four main products, including iron ore and petroleum, post spinoff. BHP has sold $5.2 Billion in assets since 2012.
The move would allow the company to free up cash flow for its core business. Iron ore, copper, coal and petroleum generated ~85% of BHP's sales in 2013.
Austral-Asia News
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
Chevron Promotes Knowles to VP / Controller Role
Chevron Corp. announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from…