Woodside and BHP Merger

Woodside and BHP create a global energy company

On 1 June 2022, Woodside merged with BHP Petroleum to create a global independent energy company with the scale, diversity and resilience to create value for shareholders and increased ability to navigate the energy transition.

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Woodside and BHP Petroleum Merger

Woodside shareholders voted to approve the proposed merger (the Merger) with the petroleum business of BHP Group Limited at the Annual General Meeting on Thursday, 19 May 2022. All conditions to precedent necessary to implement the Merger that require a positive action or event in the order to be satisfied have now been satisfied or waived. 

Completion of the Merger occurred on 1 June 2022.

Woodside Energy Group Ltd (WDS) is listed on the Australian Securities Exchange (ASX), with secondary listings on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE).

Merging Woodside with BHP’s oil and gas business delivers a stronger balance sheet, increased cash flow and enduring financial strength to fund planned developments in the near term and new energy sources into the future. 

The proven capabilities of both Woodside and BHP will deliver long-term value through our geographically diverse and balanced portfolio of tier 1 operating assets and low-cost and low-carbon growth opportunities.

 

Woodside and BHP’s respective oil and gas portfolios and experienced teams are better together. The combination will deliver the increased scale, diversity and resilience to better navigate the energy transition.

Meg O'Neill, CEO and Managing Director

 

 

  • 17 August 2021

    Merger Commitment Deed executed and announced

  • 22 November 2021

    Execution of full form sale agreement and integration and transition services agreement

  • 19 May 2022

    Shareholders voted to approve transaction

  • 1 June 2022

    Completion of the merger

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