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BHP, late to the coal exit party, will be tempted by oil's early doors


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BHP was late to the party when it came to selling coal assets, so you can understand why it might want to turn up while the bar tab is still running on the petroleum divestment bash.
A full divestment of oil and gas would have BHP among the very first of the oil and gas majors to reach for the exits and would require a major shift in the rhetoric chief executive Mike Henry has espoused in recent months.
BHP CEO Mike Henry reckons oil has some attractive decades ahead. 
“We see there being really strong value and returns to be created for shareholders over the next decade and likely beyond that through investing in the right oil assets and a select few gas assets,” he said at the BMO conference in March. ....

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