|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||25.00 - 25.00|
|52 Week Range||23.25 - 32.87|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||18.18|
|Forward Dividend & Yield||1.56 (5.15%)|
|Ex-Dividend Date||Mar. 04, 2021|
|1y Target Est||N/A|
LAUNCESTON, Australia (Reuters) -For the first time in a decade a massive new liquefied natural gas (LNG) project has been approved for construction in Australia, but the Scarborough venture's structure and market realities indicate it may well be the last of its kind. Woodside Petroleum and BHP Group gave final backing on Monday to the $12 billion plan to develop the Scarborough natural gas field off Western Australia and expand the onshore Pluto LNG plant to process the fuel. The deal also sees Woodside merge with BHP's petroleum arm, with BHP shareholders to be issued new Woodside shares and ending up with about 48% of the expanded share capital.
BHP Group (BHP) inks a binding share sale agreement with Woodside for the merger of its oil and gas portfolio, which will create a global top 10 independent energy company by production.
(Bloomberg) -- BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets.Most Read from BloombergNew York City Is Building a Wall of Oysters to Fend Off FloodsA Denser City, But at What Cost?The Women Behind Historic House DesignsFrom Bathhouses to Fisheries, Hidden Inflation Is Creeping Across JapanMaverick 70-Year-Old CEO Is Determined to Shake Up Japanese FinanceBHP agree