BHP is still interested in takeovers even after setting aside $80 billion for own projects.
Regulatory concerns are impeding iron-ore acquisitions, though BHP's potash, copper, and oil and gas businesses aren't constrained in the same way, Marius Kloppers (CEO) said
BHP reported record first-half profit, has committed to spend $80 billion to expand and develop BHP's own mines and oil fields after three investments worth a total of more than $100 billion(Non Oil and Gas ventures- Potash, RioTinto bid and an iron ore venture) were knocked back in the past four years. Still, acquisitions aren’t off its agenda.
Industry rumours are BHP may decide to pursue energy acquisitions, singling out Anadarko Petroleum Ltd., Woodside Petroleum Ltd. as possible targets.