BHP Billiton Looking at Potential Acquisitions in Copper, Oil

March 16, 2016

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The Wall Street Journal reported that BHP Billiton (NYSE:BHP) is looking at acquisitions once again, now looking at deals for oil and copper assets.

As quoted in the publication:

In an interview with The Wall Street Journal, Mr. Mackenzie said BHP is sizing up deals for petroleum and copper assets that could offer an immediate boost to profits amid what it now expects to be a prolonged period of low commodity prices.

“We are very active in looking at areas where we might acquire assets that would fit very well within our portfolio and that would increase the scale of the company without increasing its complexity,” Mr. Mackenzie said.

The BHP boss was speaking after a difficult period for the company as it adapts to a plunge in prices for the main commodities it sells, including iron ore, oil and gas, and coal.

Click here for the full Wall Street Journal article.

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Category: Energy