BHP chops capex amid $6bn loss

BHP Billiton has slashed its petroleum capital expenditure for the next financial year as it plunged to a full-year loss of more than US$6 billion, but exploration spending is on the rise.

Spending cut: for Andrew Mackenzie-led BHP Billiton in year ahead as it runs up large loss
Spending cut: for Andrew Mackenzie-led BHP Billiton in year ahead as it runs up large loss
Published 16 August 2016, 07:30Updated 25 October 2016, 15:17
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