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BHP Pulls Back From Shale, Doubles Down On Australia

Summary

A look at BHP Billiton Limited's oil & gas assets.

The commodities giant has materially pulled back from its unconventional US operations in the face of the oil & gas pricing downturn.

In Australia, the North West Shelf venture brought the Western Flank-A development online ahead of schedule and under budget, a positive sign for its upcoming project nearby.

While known for its large global mining operations, BHP Billiton Limited (NYSE:BHP) is also heavily invested in the oil & gas sector. As prices for metals like copper and iron ore fell, BHP Billiton steadily increased its focus on its oil & gas producing properties. Back in 2011, the company...


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