--Initial bids for BHP Billiton's U.S. shale portfolio have been pitched at between $7 billion and $9 billion, and potential buyers include BP PLC and Chevron Corp., reports Bloomberg, citing unnamed sources.

--BHP is expecting proceeds of $10 billion for its preferred single-unit sale or up to $13 billion if it sells the assets piecemeal as bidding advances through further rounds, according to Bloomberg.

Full story: https://bloom.bg/2kSPrzA

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

June 06, 2018 07:13 ET (11:13 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Chevron (NYSE:CVX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Chevron Charts.
Chevron (NYSE:CVX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Chevron Charts.