SYDNEY -- Anglo-Australian BHP Group on Monday revealed it is in talks to sell its petroleum business in a deal potentially worth 20 billion Australian dollars ($14.7 billion) as the global push toward decarbonization spreads to the traditionally carbon-intensive commodities sector.
"BHP confirms that we have initiated a strategic review of our petroleum business to reassess its position and long-term strategic fit in the BHP portfolio," the company said in a release.
