The world’s biggest mining company BHP Group Ltd. is considering selling its oil-and-gas business for an estimated value of at least $15 billion to focus on mining.
The sale would rank as one of the energy industry’s biggest deals this year.
BHP Group is talking with Australia’s Woodside Petroleum Ltd. about a possible deal where BHP shareholders would receive Woodside stock.
BHP’s investments in oil and gas serve as a way to hedge against price swings of other commodities, such as iron ore.
But BHP’s stance wasn’t always popular with shareholders. It also has to deal with the growing pressure from investors and governments to cut emissions.
Investment in new fossil-fuel supply projects would keep BHP from meeting a goal of zero net carbon emissions globally by 2050.


Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Samsung Electronics Shares Jump on HBM4 Mass Production Report
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 



