Original article by Matt Chambers
The Australian – Page: 26 : 21-Sep-18
Analysts who attended BHP Billiton’s recent briefing in London say chairman Ken MacKenzie gave strong indications that the petroleum division is still regarded as a core asset. However, he signalled that further exploration success will be needed for BHP to remain in the sector. BHP’s petroleum division faces a decline in production in coming years as key gas and oil fields become depleted. MacKenzie also told analysts that BHP may be open to retaining its Nickel West assets due to growing demand for batteries.
BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, NICKEL WEST