The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.

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 ...

MELBOURNE (Dow Jones)--BHP Billiton Ltd. (BHP.AU) said Wednesday the partners in the Kipper gas field off the coast of the Australian state of Victoria have approved the US$1.1 billion first phase ...

BHP is considering selling its 26 per cent stake in the Bass Strait oil and gas fields to Woodside as part of the deal. The deal needs to be approved by investors and regulators.

BHP Group (BHP.AX) 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 ...