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BHP announces $5.2 bln share buyback

Wed, 31st Oct 2018 21:40

Nov 1 (Reuters) - BHP will start an off-marketbuyback of $5.2 billion of its shares immediately, with theremainder of the proceeds from its U.S. onshore assets sale tobe returned in the form of a special dividend, the global minersaid on Thursday.

The company added that it has completed the $10.5 billionsale of its interests in Eagle Ford, Haynesville and PermianOnshore U.S. oil and gas assets to BP's local unit.(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing byHugh Lawson)

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