BHP has revealed close to $US10 billion ($13.8 billion) worth of carbon intensive assets in four Australian states are not part of its long-term plans, as new chief Mike Henry continues his mission to reshape the company toward “future facing'' commodities like oil, copper and nickel.

Confirmation that several coal and petroleum assets are bound for sale or demerger will buoy the spirits of yield-focused investors, who enjoyed record dividends in fiscal 2019 on the back of BHP's asset divestments but were left disappointed by a weaker than expected payout on Tuesday.