May 16 (Reuters) - BHP Billiton Plc BLT.L :
* "We will remain disciplined, drive consistent, transparent application of our capital allocation framework, which includes cash returns to shareholders" - ceo
* "We have achieved a great deal over past year but we are not standing still" - ceo
* "All options to fully realise value of Shale acreage will be pursued, including further appraisal, new technology and asset sales and swaps" - ceo
* "Petroleum exploration program has unrisked value of over $20 billion, close to a quarter of which sits in low to medium risk prospects to be tested in next two years" - ceo
* "Further cost reductions support a 10 per cent value uplift" - ceo
* "Major growth projects valued at up to us$25 billion offer potential average returns of over 16 per cent at consensus prices" - ceo
* "Studies on olympic dam expansion are progressing well" - ceo
* "Phased expansion of Jansen Potash Project is expected to generate competitive returns in stage 1, with significant potential upside in subsequent stages" -ceo Source text for Eikon: ID:nRSP2327Fa Further company coverage: BLT.L
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