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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 robb.stewart@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bhp Billiton Sp (BBL)
DateTimeHeadline
04/20/201518:00:30EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move;...
04/20/201517:59:57LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Aims To...
04/20/201517:34:32LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Moves...
04/20/201511:04:55EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move...
04/20/201506:49:53EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move...
04/20/201504:10:49LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Moves...
04/17/201513:59:45LONDON MARKETS: FTSE 100 Driven Lower On China-trading Concerns
04/17/201513:59:19EUROPE MARKETS: European Stocks Mauled By China, Greek Worries;...
04/17/201509:56:59LONDON MARKETS: FTSE 100 Driven Lower On China-trading Concerns
04/17/201509:22:42LONDON MARKETS: FTSE 100 Driven Lower On China-trading Concerns
04/16/201504:25:34Fortescue Says Can Withstand Slump in Iron Ore Prices--Update
04/15/201511:12:30Australia Shares End Lower as Data Dampen Sentiment
04/15/201505:10:33Nickel Closes Up as BHP Billiton Mine Strike Begins
04/15/201505:03:09LONDON MARKETS: FTSE 100 Moves Higher As Miners Gain; U.K. Inflation...
04/14/201514:09:01LONDON MARKETS: FTSE 100 Wavers As Downgrades Hit BP, Primark...
04/14/201510:08:35Fortescue Overhauls Worker Rosters to Cut Costs -- Update
04/14/201506:40:16LONDON MARKETS: FTSE 100 Edges Higher Ahead Of Inflation Data
04/13/201518:09:28ADR Shares End Lower; Alcatel-Lucent, Nokia Shares Rise
04/13/201513:05:36EUROPE MARKETS: European Stocks Turn Higher; Iron-ore Outlook...
04/13/201512:42:35LONDON MARKETS: FTSE 100 Eases From Record; BHP Hurt After Downgrade

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