Australian mining giant BHP Billiton’s June quarter earnings saw huge leaps in revenue but lagged behind forecasts. $BLT announced a record dividend however cautioned on higher cost pressures and macroeconomic uncertainties.
BHP Sells U.S. Shale Assets To BP for $10.5 Billion
Australian mining giant BHP announced it will sell its U.S. shale assets to Britain’s oil major BP for $10.5 billion. BHP about a year ago said it would sell them after it had determined “are non-core and we are actively pursuing options to exit these assets for value”.