Announced
Completed
Financials
Tags
Australia
Domestic
Single Bidder
Private
Integrated Oil and Gas
Merger
Acquisition
oil and gas company
Friendly
Majority
Completed
Synopsis
Woodside, an Australian petroleum exploration and production company, completed the merger with the oil and gas business of BHP Group, a resources company, in a $28bn deal. "The merger of our petroleum assets with Woodside creates a leading global energy company with scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition," Mike Henry, BHP CEO. On December 16, 2021, Australia regulator approved Woodside merger with BHP's petroleum arm. On May 19, 2022, 98.66% of Woodside's shareholders voted for the proposed merger with the petroleum business of BHP Group.
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