Reuters: BP in lead to buy BHP's U.S. onshore shale assets

Jul. 06, 2018 3:07 PM ETBP p.l.c. (BP)BHP, BP, CVX, SHEL, BX, APOBy: Carl Surran, SA News Editor29 Comments
  • BP (BP +0.1%) is in the lead to acquire BHP Billiton's (BHP +1.7%) U.S. onshore shale assets after submitting an offer worth more than $10B, and a deal could be reached in the coming weeks, Reuters reports; the exact terms and composition of BP’s offer are not known.
  • Previous reports have said other bidders for the BHP assets include a consortium of Royal Dutch Shell (RDS.A, RDS.B) and Blackstone (NYSE:BX), a Chevron (NYSE:CVX) partnership with Warburg Pincus, and a solo effort by Apollo Global Management (NYSE:APO).

Recommended For You

Comments (29)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.