BHP goes with the cash flow

The scale and diversity of BHP Billiton's portfolio, including potentially lucrative US gas assets, give it more capital options than its peers and will bolster the resilience of its cash flows.

The ‘less is more’ philosophy is now firmly ingrained across the big end of the resources sector. At BHP Petroleum’s investor briefing in Houston overnight, Andrew Mackenzie provided a telling insight into how much BHP Billiton hopes to achieve and how much less it plans to spend.

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