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BHP Billiton updates on portfolio simplification

Oilfield Technology,


BHP Billiton has been simplifying its portfolio for over 10 years, and is currently pursuing options to make the company simpler and more productive.

As announced on 1 April 2014, the company is actively studying the next phase of simplification, including structural options. BHP Billiton believes that a portfolio focused on its major iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger cash flow and a superior return on investment.

By increasing the company’s focus on these four pillars, BHP will be able to more quickly improve the productivity and performance of its largest businesses.

Since April, the Board has continued to study various structural alternatives, and has decided on a demerger of a selection of assets as its preferred option.


Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/exploration/20082014/bhp-billiton-announces-demerger-of-assets-selection-1313/

 

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