OPERATIONS

Oil, gas prices hit BHP Billiton Petroleum

BHP Billiton Petroleum has posted a 13.4% decline in revenue for the year ended June 30, 2009, to $US6.9 billion ($A8.4 billion) as the impact of lower oil and gas prices continued to be felt.

However, this was partly offset by higher average prices for liquefied natural gas due to the recognition of pricing settlements related to prior periods. Underlying earnings before income and taxes...

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