JPMorgan in quick clean up at Woodside Energy

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JPMorgan has done Woodside Energy boss Meg O’Neill a big favour, tearing the bandaid off at the now $55 billion plus oil and gas company.

There was always going to be a bunch of BHP investors that couldn’t take Woodside shares as compensation for the miner’s petroleum business, meaning selling for months or weeks post the deal’s completion.

The stock will land with institutional investors on Thursday morning, at the same time another 900 million-odd Woodside shares flow through to BHP shareholders.

 

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