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BHP quits US shale as annual profit surges

It is under pressure to rethink its investment in oil and boost shareholder returns

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Mr Mackenzie has refused to give a timetable for quitting the shale business, but has said that the preference would be a small number of trade sales.

Sydney

BHP Billiton, the world's largest miner, reported a surge in underlying full-year profits on Tuesday and said that it would exit its underperforming US shale oil and gas business, pleasing disgruntled shareholders who had called for a sale.

The Anglo-Australian mining giant

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