Response to press speculation on BHP Petroleum business

BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.




NEWS RELEASE
Release Time        IMMEDIATE
Date                16 August 2021
Release Number      14/21


Response to press speculation regarding BHP’s Petroleum business

BHP notes the recent press speculation regarding our Petroleum business. As
previously stated, BHP regularly reviews its portfolio of assets in order to seek
opportunities to maximise long-term shareholder value.

BHP confirms that we have initiated a strategic review of our Petroleum business to
re-assess its position and long-term strategic fit in the BHP portfolio. A number of
options are being evaluated. One option is a potential merger of the Petroleum
business with Woodside Petroleum Ltd (Woodside) and a distribution of Woodside
shares to BHP shareholders. We confirm that we have been in discussions with
Woodside. While discussions between the parties are currently progressing, no
agreement has been reached on any such transaction.

A further announcement will be made as and when appropriate.


The person responsible for arranging the release of this announcement on behalf of BHP is Stefanie
Wilkinson, Group Company Secretary.



Further information on BHP can be found at: bhp.com

Sponsor: UBS South Africa (Pty) Limited

Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
Media Relations                                   Investor Relations

Email: media.relations@bhp.com                    Email: investor.relations@bhp.com


Australia and Asia                                Australia and Asia

Gabrielle Notley                                  Tara Dines
Tel: +61 3 9609 3830 Mobile: +61 411 071 715      Tel: +61 3 9609 2222 Mobile: + 61 499 249 005

Europe, Middle East and Africa                    Europe, Middle East and Africa

Neil Burrows                                      James Bell
Tel: +44 20 7802 7484 Mobile: +44 7786 661 683    Tel: +44 20 7802 7144 Mobile: +44 7961 636 432

Americas                                          Americas

Judy Dane                                         Brian Massey
Tel: +1 713 961 8283 Mobile: +1 713 299 5342      Tel: +1 713 296 7919 Mobile: +1 832 870 7677




BHP Group Limited ABN 49 004 028 077              BHP Group plc Registration number 3196209
LEI WZE1WSENV6JSZFK0JC28                          LEI 549300C116EOWV835768
Registered in Australia                           Registered in England and Wales
Registered Office: Level 18, 171 Collins Street   Registered Office: Nova South, 160 Victoria Street
Melbourne Victoria 3000 Australia                 London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015          Tel +44 20 7802 4000 Fax +44 20 7802 4111




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Date: 16-08-2021 07:05:00
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