BHP Group in talks to sell petroleum business to Australian gas producer Woodside

BHP Group in talks to sell petroleum business to Australian gas producer Woodside

The Woodside Petroleum Ltd. logo is displayed atop the Woodside Plaza building, which houses the company's headquarters, in the central business district of Perth, Australia, on Wednesday, Feb. 19, 2014. Photographer: Aaron Bunch/Bloomberg

BHP Group Ltd is in talks to sell its petroleum business to Australia’s top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday.

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