Table of Contents
- 1 What does BHP Woodside merger mean?
- 2 What does the BHP merger mean?
- 3 How many WPL shares will BHP shareholders get?
- 4 What Does BHP stand for?
- 5 Is Woodside a good buy now?
- 6 Who owns Woodside?
- 7 Who is BHP owned by?
- 8 Where are BHP shares held?
- 9 What did bhp and Woodside Petroleum announce?
- 10 Who is Woodside owned by?
What does BHP Woodside merger mean?
“Merging our petroleum business with Woodside creates a large, more resilient company, better able to navigate the energy transition and grow value while doing so,” he said. “Through the merger we will provide value and choice for BHP shareholders, and unlock synergies in how these assets are managed.”
What does the BHP merger mean?
Under the proposed merger, BHP shareholders will receive Woodside shares as consideration and BHP’s assets would be merged on a debt-free basis. The transaction is subject to due diligence and a shareholder vote and is planned to be completed in 2Q22, with an effective date of 1 July 2021.
Will BHP shareholders get WPL shares?
The effective date of the merger will be backdated to 1 July 2021. Upon completion, Woodside will issue new shares to BHP shareholders which are expected to comprise approximately 48\% of all Woodside shares (on a post-issue basis) as consideration for the acquisition of BHP Petroleum.
In simple terms, existing Woodside shareholders will own 52\% of the petroleum giant. Meanwhile, BHP shareholders will own the remaining 48\% of shares via an in-specie fully franked dividend. The deal remains subject to regulatory, shareholder and other customary conditions.
What Does BHP stand for?
Broken Hill Propriety Company Ltd
— BHP stands for Broken Hill Propriety Company Ltd, the name the company was incorporated under in 1885. It was named after the Broken Hill silver, lead, and zinc mines it developed in New South Wales, Australia.
What happens to my BHP shares?
BHP announced on 17 August it’s planning to abandon its UK dual listing and shift to a single Australian listing. The Australian shares will be tradeable on the London Stock Exchange.
Is Woodside a good buy now?
Woodside is currently rated as a buy by UBS.
Who owns Woodside?
In the 2020 Forbes Global 2000, Woodside Petroleum was ranked as the 1328th-largest public company in the world….Woodside Petroleum.
| Type | Public |
|---|---|
| Key people | Meg O’Neill, CEO |
| Products | Petroleum LNG |
| Production output | 100.3 MMboe (2020) |
| Revenue | $3.6 billion (2020) |
What is happening with Woodside Petroleum?
What is going on for Woodside Petroleum? Woodside announced a game-changing move in the middle of August 2021. It revealed that it was going to merge with the oil and gas business of BHP Group Ltd (ASX: BHP). This deal would create a global top 10 independent energy company by production.
Who is BHP owned by?
BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia….BHP.
| BHP Office Tower in Perth, Western Australia | |
|---|---|
| Industry | Metals and Mining |
New York Stock Exchange
BHP Group ADRs are traded on the New York Stock Exchange (NYSE).
What does the Woodside-bhp merger mean for shareholders?
On completion of the transaction, BHP’s oil and gas business would merge with Woodside, and Woodside would issue new shares to be distributed to BHP shareholders, the companies revealed. The expanded Woodside would be owned 52 percent by existing Woodside shareholders and 48 percent by existing BHP shareholders, according to the companies.
What did bhp and Woodside Petroleum announce?
Woodside Petroleum Ltd and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger. Woodside Petroleum Ltd and BHP Group have announced that they have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger.
Who is Woodside owned by?
The expanded Woodside would be owned 52 per cent by existing Woodside shareholders and 48 per cent by existing BHP shareholders. Woodside said the proposed merger would create the largest energy company listed on the ASX, with a global top 10 position in the LNG industry by production.
What does the Woodside merger mean for ASX energy companies?
Woodside said the proposed merger would create the largest energy company listed on the ASX, with a global top 10 position in the LNG industry by production. Woodside’s new chief executive Meg O’Neill said the merger would allow the firm to fund new projects, such as Scarborough off the coast of Western Australia.