BHP in Talks to Sell U.S. Shale Assets

BHP is responding to Elliott Management's push to focus on core mining by planning to sell its US onshore shale assets, which are now considered non-core. Despite remaining invested in oil in Australia and the Gulf of Mexico, BHP faces challenges due to low oil prices, which could significantly reduce the value of its assets. The company initially invested $20 billion in these assets in 2011, but current market conditions suggest they may sell for much less.

What challenges does BHP face in selling its assets?

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What is the potential carrying value of BHP's assets according to some banks?

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