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MELBOURNE / LONDON – BP has agreed to purchase US $ 10.5 billion of shale oil and gas assets in the United States from global miner BHP Billiton, an operation that marks its biggest deal for nearly 20 years. This acquisition also represents a turning point for the British oil company since the Deepwater Horizon platform disaster in the Gulf of Mexico in 2010, for which BP is still paying more. $ 655 million in fines and cleaning fees.
"This is a transformational acquisition for our company (onshore in the United States), a milestone in the realization of our operating and marketing strategy. Overall to BP's distinctive portfolio, "said oil company CEO Bob Dudley in a statement
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In another sign that his luck is improving, BP has announced that it would increase its quarterly dividend for the first time in almost four years and has announced a 6,000 share buyback. millions of dollars, which will be partially financed by the sale of some operating and marketing assets.
The sale ends a disastrous seven-year incursion of BHP in the shale sector, which several investors, led by the fund The US hedge fund Elliott Management, has pressed in the last 18 months to leave.BHP put the company up for sale last August
Investors and analysts said the selling price was betterthan the $ 8,000 million expected by analysts and were pleased that BHP planned to pay back the profits to shareholders. 19659002] BHP acquired shale assets for the first time in 2011 for more than $ 20 billion with the acquisition of Petrohawk Energy and shale gas assets from Chesapeake Energy Corp. at the peak of the oil boom.
million dollars in asset development, but suffered when oil and gas prices fell, triggering writedowns.
The world's largest mining company said it would display an additional shale load of $ 2.8 billion after taxes on your results for fiscal year 2018.
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