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BHP petroleum earnings fall as output rises

Australian major BHP Billiton saw earnings from its petroleum sector fall over the last year, due to natural field decline in Australia and one-off charges relating to its Mad Dog phase two project in the Gulf of Mexico.

Sharpened focus: BHP Billiton has reduced its petroleum exploration and development expenses to focus on projects in the Gulf of Mexico and offshore Western Australia
Sharpened focus: BHP Billiton has reduced its petroleum exploration and development expenses to focus on projects in the Gulf of Mexico and offshore Western Australia
Published 20 August 2013, 09:31Updated 11 October 2016, 14:25
Asia & Oceania