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.


China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns
Asian Stock Markets Rally as Japan and South Korea Hit Record Highs Amid Oil Price Concerns
Brazil Current Account Deficit Widens in March as FDI Misses Expectations
Gold Prices Drop Amid Iran War Concerns, Rising Oil Costs, and Hawkish Central Bank Signals
Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting
European Stocks Slip as U.S.-Iran Tensions and Earnings Season Weigh on Markets
Dollar Holds Firm as Middle East Tensions and Central Bank Decisions Keep Markets on Edge
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns
Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher
Google Secures Pentagon AI Deal for Classified Projects
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Iran Proposes Strait of Hormuz Reopening Deal Amid Stalled U.S. Talks
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 



