Australian Oil Producer Woodside to Complete Major $41 Billion Merger

An undated handout photo shows Australian resources giant Woodside's Cossack Pioneer oil production facility in the North West Shelf gas project in Western Australia. -/AFP via Getty Images

A merger between two of Australia’s largest oil and gas producers is expected to be complete by May 19.

At the annual general meeting, Woodside will ask its shareholders to give the green light to the $41 billion (US$28.5 billion) all-stock merger with the petroleum business of BHP, a giant in the mining and metal industry.