Don't expect any share buybacks from BHP Billiton (BHP), CEO Marius Kloppers says on today's...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor
Don't expect any share buybacks from BHP Billiton (BHP), CEO Marius Kloppers says on today's earnings call, noting its $12.1B acquisition of Petrohawk Energy (HK) will absorb any extra cash. Rival Rio Tinto (RIO) boosted its buyback to $7B from $5B earlier this month, but Kloppers says BHP is prioritizing volume growth and dividends.