Blue chip miner BHP Billiton is the world’s largest diversified resources company and a major player in the commodities market.
BHP is reportedly considering making a takeover offer for US oil giant, Anadarko Petroleum.
The report also indicated BHP considered making an offer for Woodside Petroleum (WPL) last year, but later abandoned the attempt.
Anadarko’s shares have struggled of late, as the company has a stake in the Gulf of Mexico Macondo well which has been the source of the largest oil spill in US history.
Australian share price for BHP finished up one cent last Friday to $38.33.