BHP Billiton Petroleum Limited
(ASX:BHP) says it is poised to deliver strong growth in free cash flow, which it attributes in part to a strong acreage position in the Permian, set to increase by 25 percent in the 2014 financial year.
Today company President Tim Cutt will present at an energy power conference in New York, revealing plans such as annual investment of US $4 billion in the United States onshore market.
The resources giant is looking forward to positive free cash flow by the 2016 financial year.
In the 2014 financial year, BHP Billiton reported a net profit of $16.16 billion.
