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BHP earns Bernstein rerating

Bernstein analysts have wagered BHP (AU:BHP) will sell off the pilloried petroleum business under incoming chairman Ken MacKenzie.

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BHP's saviour: Ken MacKenzie's appointment has seen Bernstein bump BHP up to outperform

The sustained (but tempered) attacks from activist Elliott Management have seen BHP's leadership publicly agree the oil and gas investments from 2011 were a bad move and the appointment of cleanskin

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