© Reuters. FILE PHOTO: The logo for Woodside Petroleum, Australia’s top independent oil and gas company, adorns a promotional poster on display at a briefing for investors in Sydney, Australia, May 23, 2018. REUTERS/David Gray/File Photo
MELBOURNE (Reuters) – Shareholders in Woodside (OTC:) Petroleum on Thursday approved a merger with BHP Group (NYSE:)’s petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the company’s annual meeting.
More than 97% of proxy and direct votes received were in favour of the deal.
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