Oil, gas to rebound faster than metals, coal: BHP
Petroleum well placed to maintain its position as BHP's highest margin business, grow free cash flow contribution
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Sydney
BHP Billiton Ltd sees oil and gas markets rebounding faster than its mined commodities as it considers potential acquisitions and weighs as much as US$5 billion in project spending.
The world's biggest miner, which booked writedowns of US$7.2 billion against its US shale unit earlier this year, said that recovering oil prices and efforts to lower costs are making investment opportunities more attractive.
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