FORM 425 - sec.gov BHP and Woodside shares may move today after providing up-to-date information on plans to establish a global energy company. The agreement to pursue a merger of BHP’s Petroleum business with Woodside will maximise the value of our oil and gas assets through increased operating scale and synergies, with a more diversified product portfolio to support the energy transition. Woodside merger BHP Group (ASX:BHP) announcement released to the ASX: WPL:Woodside merger teleconference and investor presentation at 2021-08-17 16:48:13 (AEDT) - announcement is 32 page(s) in length ERCE has recorded 29 deals with a total reported deal value of approximately US$36bn since the Q2-21 edition of the M&A tracker was released. ASX Announcement Tuesday, 17 August 2021 ASX: WPL OTC: WOPEY Page 1 of 1 Woodside Petroleum Ltd. ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com.au WOODSIDE MERGER TELECONFERENCE AND INVESTOR PRESENTATION A teleconference providing an overview of the proposed … In a presentation shared with investors on 17 August 2021, Woodside indicated it is aiming to sign the sales and purchase agreement (SPA) in October this year. BHP pivots to future-facing commodities with Jansen ... BHP to exit oil and gas as it strikes merger deal with Woodside. Australia's Woodside shares drop on BHP petroleum merger BHP The Woodside (ASX:WPL) share price could be worth $28: broker The merger creates a combined portfolio of impressive quality, which is more diversified by product split, more diversified by geography and comprised of complementary, long-life, high margin tier one assets. Woodside estimates the merger will yield US$400 million in annual savings, largely from integrating operations, systems and leveraging combined expertise. Woodside shareholders will own 52% of the merged group, with BHP shareholders owning 48%. A number of sources are betting that the announcement will be made at Woodside and BHP’s upcoming results presentation. Woodside approves $12bn Scarborough LNG development as it pushes ahead with BHP merger. BHP We have no handle on what % of BHP shareholders would sell versus hold Woodside shares. Below we take a … Woodside Petroleum Ltd ('Woodside') and BHP Group ('BHP') have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger (the 'Transaction') to create a global top 10 independent energy company by production. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. Australia's Woodside snares BHP oil, gas business in $28 ... 5 deals crossed the US$1bn mark: the Woodside/BHP merger, ConocoPhillip’s purchase of Shell’s Permian assets, the Santos/Oil Search merger, Lukoil’s purchase of Petronas’ WI in the Shah Deniz gas project, and Chesapeake’s … Find out more While a 6% fall in BHP's share price was linked to… The new entity would be among the largest independent energy companies in the world. On the other hand, a recent broker note portrays a positive outlook for the Woodside share price. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside (Merger).Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new … Accounting for today’s move, the Woodside share price is almost flat from where it was a year ago. I'm joined by Morningstar's Mat Hodge and Mark Taylor to discuss. BHP CEO Mike Henry on petroleum group merger with Woodside. For additional information regarding BHP’s reserves, please see BHP’s annual report on Form 20-F filed with the SEC. Woodside and BHP to create a global energy company. BHP, the world’s largest mining company, said Monday that it was considering a merger of its … The company advised that it continuously reviews the composition of its asset portfolio and opportunities to create and deliver value for shareholders. "Apart from Scarborough, Woodside does not have a lot of viable growth options and petroleum isn't really a core part of BHP's portfolio nowadays. BHP and Woodside Petroleum also surged following its news yesterday afternoon that it had signed off on a $41 billion merger deal. ... mega merger with Oil Search. Woodside also said that key contracts had been awarded to support the design and installation of subsea equipment infrastructure for the Pyxis project. Until management is able to clarify if a merger will occur and if so at what price, investors will be nervous. woodside merger teleconference and investor presentation A teleconference providing an overview of the proposed merger between Woodside and BHP’s petroleum business will be hosted by Woodside Chairman Richard Goyder, CEO Meg O’Neill and CFO Sherry Duhe at Email Alerts for: The Australian sharemarket is lifting higher this morning following a … Mining giant BHP and Woodside Petroleum have signed a binding sales agreement for the merger of BHP's oil and gas portfolio with Woodside. BHP agreed to hive off its petroleum business to Woodside in a nil-premium merger, in return for new Woodside shares which will go to BHP shareholders, who will own 48% of the enlarged group. The merger creates a combined portfolio of impressive quality, which is more diversified by product split, more diversified by geography and comprised of complementary, long-life, high margin tier one assets. the same "Disclaimer, important notice and assumptions" contained in pages 2 to 3 of Woodside's investor presentation titled "Woodside and BHP petroleum merger" dated 17 August 2021; and Woodside has confirmed it is in discussions with BHP about a potential merger involving BHP’s entire petroleum business. The reasons are tied to the merger with the petroleum division of BHP Group Ltd. BHP and Woodside agree to create a global energy company. Mining giant BHP announced Tuesday it will merge its oil and gas assets with Australia's Woodside, in a multibillion-dollar deal that sees BHP exit the liquid fossil fuel business. BHP Group PLC : BHP approves Phase 1 of the Scarborough Project. On 17 August 2021, Woodside announced it is pursuing a merger with BHP’s petroleum business to create a larger, more resilient Woodside with the financial strength to fund growth and thrive through the energy transition. Accounting for today’s move, the Woodside share price is almost flat from where it was a year ago. On the other hand, a recent broker note portrays a positive outlook for the Woodside share price. The reasons are tied to the merger with the petroleum division of BHP Group Ltd (ASX: BHP). Let’s take a closer inspection of these positive catalysts. BHP in Talks to Exit Oil and Gas Business. the same “Disclaimer, important notice and assumptions” contained in pages 2 to 3 of Woodside’s investor presentation titled “Woodside and BHP petroleum merger” dated 17 August 2021; and the same “Disclaimer” contained in page 2 of BHP’s investor presentation titled “Growing value and positioning for the future” dated 17 August 2021, each with any necessary … On 17 August 2021, Woodside announced it is pursuing a merger with BHP’s petroleum business to create a larger, more resilient Woodside with the financial strength to fund growth and thrive through the energy transition. Mining giant BHP is set to merge with Woodside Petroleum to claim the title of Australia's largest publicly-listed energy company. BHP-Woodside merger is mutually beneficial. Woodside and BHP agree to create a global energy company Woodside and BHP Group have today signed a binding share sale agreement for the merger of BHP’s oil and gas portfolio with Woodside. Get instant alerts when news breaks on your stocks. 5 deals crossed the US$1bn mark: the Woodside/BHP merger, ConocoPhillip’s purchase of Shell’s Permian assets, the Santos/Oil Search merger, Lukoil’s purchase of Petronas’ WI in the Shah Deniz gas project, and Chesapeake’s … “Woodside and BHP’s respective oil and gas portfolios and experienced teams are better together. Woodside and BHP to create a global energy company. ... BHP Group Plc 2021 AGM Presentation. Woodside Petroleum is an Australian petroleum exploration and production company. (Bloomberg) -- BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets. Woodside acknowledges Indigenous people's connections to land, water and community. ASX Announcement Tuesday, 17 August 2021 ASX: WPL OTC: WOPEY Page 1 of 1 Woodside Petroleum Ltd. ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com.au WOODSIDE MERGER TELECONFERENCE AND INVESTOR PRESENTATION A teleconference providing an overview of the proposed … According to the release, the parties have signed a binding Share Sale Agreement (SSA) regarding the merger of BHP’s oil and gas portfolio with Woodside. The merger with BHP’s petroleum business has a compelling strategic rationale and is a transformative transaction for Woodside. Woodside and BHP to create a global energy company. Shares in the oil and gas giant finished 2.14% down to $19.20. MELBOURNE (Reuters) -BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas. Woodside Petroleum Ltd (“Woodside”) and BHP Group (“BHP”) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger (the “Transaction”) to create a global top 10 independent energy company by production. Woodside and BHP as project partners have developed a plan to targeted final investment decision for Scarborough (Australia) by the end of 2021, prior to the proposed completion date for the merger. As we announced earlier this afternoon, Woodside and BHP have entered into a merger commitment deed to combine BHP’s oil and gas portfolio with Woodside through an all-stock merger. Energy Transition. Woodside and BHP Proposed Merger. Source: WPL merger teleconference and investor presentation. Australia's Woodside and BHP have signed off on their plan to merge BHP's oil and gas portfolio with Woodside and final investment decisions have been made on the Scarborough and Pluto Train 2 developments, showed exchange filings Nov. 22. WOODSIDE MERGER TELECONFERENCE AND INVESTOR PRESENTATION A teleconference providing an overview of the proposed merger between Woodside and BHP’s petroleum business will be hosted by Woodside Chairman Richard Goyder, CEO Meg O’Neill and CFO Sherry Duhe at 16.00 AWST (18.00 AEST) today. The merger, expected to be completed in mid-2022, will double Woodside's output and market capitalisation. Peter Ker and Angela McDonald-Smith, “The great transition turns blue chips into green chips”, AFR, 20 August 2021 link ↩︎ The deal, announced after the market closed on Tuesday, involves Woodside doubling its share base to acquire BHP's oil and gas arm in a nil-premium merger to … On completion of the … The Woodside deal will combine the two companies' oil and gas businesses through an all-stock transaction. Australia's Woodside Petroleum Ltd shares fell more than 4% on Wednesday in the market's first verdict on a merger with BHP Group's petroleum business that will turn it into a global top 10 oil and gas producer. Woodside Petroleum Ltd ("Woodside") and BHP Group ("BHP") have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all‑stock merger (the "Transaction") to create a global top 10 independent energy company by production. Source: WPL merger teleconference and investor presentation. What’s next for the proposed merger? Woodside will therefore see its balance sheet bloat as it takes on more assets from BHP. The second issue we see is the inevitable shareholder overhang. Australia's Woodside, BHP sign off on oil, gas portfolio merger. According to the release, the parties have signed a binding Share Sale Agreement (SSA) regarding the merger of BHP’s oil and gas portfolio with Woodside. MELBOURNE, Aug 18 (Reuters) - Shares in BHP Group (BHP.AX) and Woodside Petroleum (WPL.AX) fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm. Fortescue soars 8%, Woodside & BHP surge on merger deal: ASX up 0.7% at noon. Mining giant BHP and Woodside Petroleum have signed a binding sales agreement for the merger of BHP's oil and gas portfolio with Woodside. BHP CEO Mike Henry joins 'Squawk on the Street' to discuss the petroleum group's merger with Woodside Petroleum. The merger with BHP's petroleum business has a compelling strategic rationale and is a transformative transaction for Woodside. BHP Petroleum and Woodside Petroleum have consolidated their oil and gas portfolios in a merger that’s set to create one of the largest independent energy companies globally. BHP’s exit from petroleum, which made up just 5% of its annual earnings, speeds up its exit from fossil fuels amid … Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares.BHP has also approved $1.5 billion in … Woodside estimates the merger will yield US$400 million in annual savings, largely from integrating operations, systems and leveraging combined expertise. Woodside merger teleconference and investor presentation 17 August 2021, 16:48: BHP: Woodside and BHP to create a global energy company: 17 August 2021, 16:46: Woodside and BHP to create a global energy company: 17 August 2021, 16:45: Meg ONeill appointed Woodside CEO: 17 August 2021, 16:39 BHP and Woodside shares may move today after providing up-to-date information on plans to establish a global energy company. The oil and gas industry is seeing a significant shake-up in 2021 with merger and acquisition (M&A) deals impacting major Australian-based companies. Zacks 7d. Woodside and BHP Proposed Merger. Woodside Petroleum Ltd (“Woodside”) and BHP Group (“BHP”) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger (the “Transaction”) to create a global top 10 independent energy company by production. The proposed combination of Woodside Petroleum Limited ("Woodside") and BHP Group Limited's ("BHP") oil and gas business by an all-stock merger as outlined in this presentation ("Transaction") is non-binding and indicative only and is subject to (i) further due diligence, negotiation and execution of definitive transaction documents, targeted for October … As part of this transaction, Woodside and BHP have developed a plan for making a final investment decision for the Scarborough gas project located offshore Western Australia (WA) by the end of 2021, prior to the proposed completion date for the merger. Investegate 8d. “Woodside and BHP’s respective oil and gas portfolios and experienced teams are better together. In its quarterly presentation on Thursday, Woodside said that the final investment decision had been made in August 2019. MELBOURNE, Aug 17 (Reuters) – BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas. BHP agreed to hive off its petroleum business to Woodside in a nil-premium merger, in return for new Woodside shares which will go to BHP shareholders, who will own 48% of the enlarged group. The Woodside Petroleum Limited (ASX: WPL) share price is well into the green in early afternoon trade, up 1.6% to $22.60 per share. BHP Group (BHP.AX,BLT.L,BBL,BHP) and Woodside Petroleum Ltd (WOPEF.PK, WOPEY.PK, WPL.AX) said that they have signed a binding share sale agreement for the merger of BHP's oil and gas portfolio with Woodside.Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd in exchange for new Woodside shares. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside (Merger). BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed … BHP unveils oil and gas merger with Woodside Petroleum. Woodside, Woodside and BHP Petroleum Merger, investor presentation, 17 August 2021, link\ ↩︎. Published 17 August 2021 7:06 GMT. Woodside and BHP to create a global energy company. Now is the right time to unify BHP’s corporate structure. BHP – and Woodside – committed to the merger and worked through the very complex detail and did all the necessary, again complex, legal work and polished up the presentations. We pay our respects to ancestors and elders - past, present and emerging. For additional information regarding the availability of Woodside’s reserves disclosures in accordance with SEC requirements, please see Woodside’s investor presentation dated 17 August 2021 and released to the ASX. BHP Group (BHP) & Woodside Set to Finalize Petroleum Merger. Find out more Woodside is expected to be 48% owned by BHP shareholders. BHP and Woodside confirmed the merger of the companies’ oil and gas portfolios in November, with the expanded Woodside 52 per cent-owned by its existing shareholders and 48 per cent by existing BHP shareholders. BHP Petroleum and Woodside Petroleum have consolidated their oil and gas portfolios in a merger that’s set to create one of the largest independent energy companies globally. Woodside Petroleum Ltd ("Woodside") and BHP Group ("BHP") have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all‑stock merger (the "Transaction") to create a global top 10 independent energy company by production. Woodside is half pregnant and that is not a fun state for a listed company. Woodside and BHP to create a global energy company . The oil and gas industry is seeing a significant shake-up in 2021 with merger and acquisition (M&A) deals impacting major Australian-based companies. BHP, BHP approves Shenzi North project and moved Trion into the FEED phase, ASX release, 5 August 2021 link ↩︎. BHP and Woodside agree to create a global energy company. ERCE has recorded 29 deals with a total reported deal value of approximately US$36bn since the Q2-21 edition of the M&A tracker was released. BHP has agreed to indemnify Woodside for, among other things and subject to certain limitations, claims in respect of entities and assets not forming part of the Merger. growth. As we announced earlier this afternoon, Woodside and BHP have entered into a merger commitment deed to combine BHP’s oil and gas portfolio with Woodside through an all-stock merger. Woodside and BHP to create a global energy company Woodside Petroleum Ltd ("Woodside") and BHP Group ("BHP") have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all‑stock merger (the "Transaction") to create a global top 10 independent energy company by production. Key points include: Merger ratio – on completion, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. The deal will combine the two companies’ oil and gas businesses through an all-stock transaction. Mining giant BHP and energy giant Woodside Petroleum have signed a binding sales agreement for the merger of BHP's oil and gas portfolio with Woodside. Claim your 1-week free trial to StreetInsider Premium here. Video: Message from Woodside Chair and CEO The expanded Woodside is expected to be 48%-owned by existing BHP shareholders and 52%-owned by existing Woodside shareholders, and it will remain listed on the Australian Securities Exchange, while BHP will end its dual-listing in London. BHP will be simpler and more efficient, BHP's assets, including its ageing assets in Australia's Bass Strait where its petroleum business originated, generate cash that will help Woodside fund the Scarborough project as well as developments in the Gulf of Mexico. Woodside Petroleum Ltd (Woodside) and BHP Group (BHP) have today signed a binding share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside (Merger). November 24, 2021 4:20 PM EST. BHP and Woodside have signed a binding share sale agreement that will see Woodside acquire BHP’s petroleum portfolio in exchange for new Woodside shares. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside (Merger).Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new … The news came after the market closed yesterday. We recognise the many contributions Indigenous people make to our business, as community members and employees. Woodside and BHP to create a global energy company . BHP's exit from petroleum, which made up just 5% of its annual earnings, speeds up its exit from fossil fuels amid … Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares.

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