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BHP Billiton CEO, Petroleum Chief Forego Bonuses After Shale Charge

By Robb M. Stewart MELBOURNE--BHP Billiton Ltd. (BHP) said Friday its chief executive and the head of its petroleum division have elected to forgo their bonuses for last financial year after the company was forced to book a US$2.84 billion impairment charge against the value of U.S. shale gas assets bought just last year. Chairman Jacques Nasser said the board supports the actions of CEO Marius Kloppers and petroleum division CEO Mike Yeager, who have shifted the focus of the business from shale gas where prices have slumped in the U.S. to liquids-rich fields onshore U.S. The company said it also will take a US$450 million charge, also before tax, against the carrying value of its Nickel West assets in Australia as a result of margin deterioration. Write to Robb M. Stewart at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bhp Billiton Sp (BBL)
DateTimeHeadline
03/24/201714:55:00Metals: Copper Pulls Back as Mine Strike Ends in Chile
03/24/201710:41:00Metals: Copper Pulls Back as Mine Strike Ends in Chile
03/24/201708:36:00Copper Pulls Back as Mine Strike Ends
03/23/201714:18:00Union at BHP's Escondida Copper Mine in Chile to End Strike
03/23/201713:10:00Talks Between BHP, Miners Collapse at Escondida, Miner Tables...
03/21/201714:47:00Metals: Copper Falls as Supply Concerns Diminish
03/21/201708:09:00Copper Falls as Supply Concerns Diminish
03/21/201706:08:53Report of Foreign Issuer (6-k)
03/16/201721:06:00Judge Suspends Lawsuit Against Firms Involved in 2015 Brazilian...
03/13/201716:10:00Metals: Weaker Dollar and Mine Strikes Lift Copper
03/13/201708:25:00Metals Advance Ahead of U.S. Rates Decision
03/10/201715:02:07Report of Foreign Issuer (6-k)
03/09/201706:43:00Metals Lose Ground Amid Expectation of U.S. Rate Rise
03/09/201703:57:00Rio Tinto Chairman Jan du Plessis to Step Down -- Update
03/09/201703:07:00Rio Tinto Chairman Jan du Plessis to Step Down
03/08/201706:04:08Report of Foreign Issuer (6-k)
03/07/201716:24:16Report of Foreign Issuer (6-k)
03/03/201718:19:00BHP Billiton, Pemex Sign Contract on Trion Oil Field Development
02/28/201707:17:00Copper Pulls Back Ahead of Trump's Address
02/28/201706:32:43Report of Foreign Issuer (6-k)

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