BHP - BHP Group

NYSE - Nasdaq Real Time Price. Currency in USD
43.47
-1.45 (-3.23%)
As of 2:49PM EST. Market open.
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Previous Close44.92
Open42.78
Bid43.20 x 900
Ask43.23 x 800
Day's Range42.57 - 43.79
52 Week Range42.57 - 59.02
Volume3,381,084
Avg. Volume1,871,681
Market Cap113.761B
Beta (5Y Monthly)0.90
PE Ratio (TTM)11.71
EPS (TTM)3.71
Earnings DateN/A
Forward Dividend & Yield2.60 (5.79%)
Ex-Dividend DateMar. 04, 2020
1y Target Est44.09
  • Is BHP Group's (ASX:BHP) 20% ROE Better Than Average?
    Simply Wall St.

    Is BHP Group's (ASX:BHP) 20% ROE Better Than Average?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Australia's Woodside Petroleum and BHP Group adjust Scarborough project stakes
    Reuters

    Australia's Woodside Petroleum and BHP Group adjust Scarborough project stakes

    Woodside will hold a 73.5% stake in each of the titles, while BHP will hold the remaining 26.5%. Woodside earlier held a 75% stake in the W-1-R permit, while the W-62-R was held 50% each by BHP and Woodside. Woodside has been looking to line up gas sales and sell down part of its stake in Scarborough to help fund the project, but talks had been slowed by travel curbs and weak gas prices following a coronavirus epidemic.

  • RPT-COLUMN-Iron ore shows rain can triumph over China virus fears: Russell
    Reuters

    RPT-COLUMN-Iron ore shows rain can triumph over China virus fears: Russell

    While the prices of most major commodities are wilting in the face of the coronavirus spreading out of China, iron ore is rallying, proving that supply disruptions can overcome the bearish sentiment over the economic fallout of the epidemic. Spot iron ore has rallied 14% since hitting a low of $79.85 a tonne on Feb. 3, closing at $90.85 on Monday, according to commodity price reporting agency Argus. Chinese iron ore futures on the Dalian Commodity Exchange enjoyed their longest winning streak in four years, rising 16.6% from a closing low of 580 yuan ($82.50) a tonne on Feb. 10 to end at 676 yuan on Monday.

  • Fires and climate fears rattle Australia's giant coal lobby
    Reuters

    Fires and climate fears rattle Australia's giant coal lobby

    As bushfires and floods fuel public concerns in Australia about global warming, the country's powerful mining lobby is facing increasing pressure from investors to drop support for new coal mines, according to a dozen interviews with shareholders in global mining companies. Nearly a third of shareholders in BHP Group Ltd , the world's biggest miner, last year voted for resolutions to axe its membership in industry groups advocating policies counter to the Paris climate accord, which aims to limit global warming to "well below" 2 degrees Celsius.

  • INSIGHT-Fires and climate fears rattle Australia's giant coal lobby
    Reuters

    INSIGHT-Fires and climate fears rattle Australia's giant coal lobby

    As bushfires and floods fuel public concerns in Australia about global warming, the country's powerful mining lobby is facing increasing pressure from investors to drop support for new coal mines, according to a dozen interviews with shareholders in global mining companies. Nearly a third of shareholders in BHP Group Ltd , the world's biggest miner, last year voted for resolutions to axe its membership in industry groups advocating policies counter to the Paris climate accord, which aims to limit global warming to "well below" 2 degrees Celsius.

  • The Top Miner’s Vision of The Future Looks A Lot Like The Past
    Bloomberg

    The Top Miner’s Vision of The Future Looks A Lot Like The Past

    (Bloomberg) -- BHP Group’s new top executive has a plan to prosper in a world that’s accelerating efforts to cut greenhouse gas emissions -- double down on the raw materials that’ve been key through its near 170-year history.The world’s top miner, with roots in a 19th Century tin discovery, plans to add more copper and nickel to meet rising demand from renewable energy and electric vehicles, and sees a continuing role for key coal mines and oil wells, according to Chief Executive Officer Mike Henry, who signaled his tenure won’t begin with any radical overhaul.“We already produce some of the products that will be essential as the world transitions to a lower carbon economy and which will continue to prosper in a decarbonized world,” Henry, who took his post last month, told reporters Tuesday. “We do still need to create more options in future-facing commodities.”Alongside copper and nickel, potash is regarded by BHP as another key future material and the producer is on track to seek board approval next year to spend as much as $5.7 billion on the first stage of its Jansen mine project in Canada, Henry said.Demand in the battery sector alone for nickel will rise 16-fold and for copper by about 10-fold by 2030, according to BloombergNEF, while base metals are also key for wind turbines and solar power. Potash, a crop nutrient, is seen as poised for gains as nations seek to feed rising populations from a shrinking area of agricultural land.BHP also intends to accelerate efforts to curb its carbon emissions, Henry said in a Bloomberg TV interview, and will set out new targets later this year. “We’ll be doing more on that front,” including setting goals for tackling customers’ emissions, he said.Like rivals Glencore Plc and Rio Tinto Group -- both of which have touted the role of their existing commodities in meeting future demand trends -- BHP hopes to convince investors it can adapt to the world’s shifting raw materials needs without any sweeping changes to its portfolio, or any need for costly and risky deal-making.“My first preference is to be securing these options through exploration and early stage entry,” Henry said in the interview. “We’ll be looking to create the portfolio that fits the future.”BHP has also considered metals including cobalt and lithium, but sees the markets as currently lacking sufficient scale, Henry told analysts.Henry continues to see long-term value in oil and coking coal production, sectors that are increasingly under scrutiny from investors focused on climate concerns. Declining rates of global oil output and a demand outlook that’s seen peaking only in the mid-2030s mean BHP’s petroleum unit remains attractive, while the producer sees no current substitute to replace metallurgical coal in the steel-making process.BHP remains open to exiting from thermal coal assets in Australia and Colombia, Henry said, though is seen by analysts as facing a tough task to extract sufficient value from a shrinking pool of buyers.Despite the focus on potential future sources of demand growth, iron ore continues to be the engine of current profits, accounting for about 47% of revenue in final six months of 2019, up from about 36% in the same period a year earlier.\--With assistance from Haidi Lun and Shery Ahn.To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Keith Gosman, Phoebe SedgmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • BHP Sees Next Six Weeks as Key For Virus Hit to Commodities
    Bloomberg

    BHP Sees Next Six Weeks as Key For Virus Hit to Commodities

    (Bloomberg) -- BHP Group warned raw materials demand and prices will take a hit on lower growth in China if the fallout from the coronavirus outbreak extends beyond the end of next month.The world’s biggest miner flagged China’s construction and manufacturing sectors need to return to regular operations in April to ensure that existing disruption can be made up for before the end of year.If the impact of the outbreak can’t be contained this quarter, annual growth forecasts will need to be revised down, Huw McKay, BHP’s vice president of market analysis and economics, said Tuesday in a blog post. “This would then flow directly through to lower commodity demand and price expectations.”BHP forecasts China’s growth to slow to about 6% this year and as low as 5.75% in 2021 based on a swift recovery from the virus outbreak. In a worst-case scenario that combined a lingering impact from the virus and a re-escalation of trade war tensions, the nation’s economic expansion this year could slip to 5.5%, the miner said.Goldman Sachs Group Inc. and Macquarie Group Ltd. are among banks who’ve cut China growth forecasts for both the first quarter and the full year as a result of the outbreak. China’s gross domestic product will grow 4% in the first quarter, according to the median of 18 forecasts since Jan. 31, which would be the lowest level since 1990.While BHP’s new Chief Executive Officer Mike Henry told reporters the producer hasn’t experienced any major impact to demand from China so far, caution over the virus outlook led the company to take a more conservative approach on its first-half dividend payment. Potential negative impacts for commodities markets have “barely been priced in,” according to Citigroup Inc.A decision to pay out a lower proportion of earnings compared to a year earlier reflected “caution due to near term market volatility driven by the 2019 coronavirus disease outbreak, trade policy and geopolitics,” BHP said in a separate statement, as it posted first-half earnings that jumped 29%.The miner said it expects annual crude oil demand to decline by about 200,000 barrels a day as a result of disruption so far, a figure that may rise further.If virus impacts are contained by the end of March, consumers of materials such as steel and copper should fully recover from the second quarter -- and potentially operate at higher than usual rates -- meaning that overall materials demand in 2020 will be unaffected, according to BHP’s McKay.About 90% of China’s steel production, more than 80% of auto production and floor space under construction and 80% of infrastructure investments are located in provinces with announced restart dates before the end of February, he said.To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Keith Gosman, Phoebe SedgmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • BHP Warns Over Virus Impact as Iron Ore Profits Boost New CEO
    Bloomberg

    BHP Warns Over Virus Impact as Iron Ore Profits Boost New CEO

    (Bloomberg) -- BHP Group’s first-half earnings surged 29% on higher iron ore prices, allowing the company’s new top executive to extend a run of bumper returns to investors, even as the impact of the coronavirus outbreak stokes short-term uncertainty.The world’s top miner boosted its interim dividend payment 18%, though acknowledged that move reflected “caution due to near term market volatility driven by the 2019 coronavirus disease outbreak, trade policy and geopolitics.” BHP said Tuesday it will revise down expectations for economic and commodity demand growth, if the virus isn’t “demonstrably well contained” this quarter.Key InsightsNew Chief Executive Officer Mike Henry, a company veteran promoted to the role last month, set out some tentative details of his plans for the company, saying he wants BHP to be “safer, lower cost, more reliable and more productive -- with our portfolio and capabilities fit for the future.”Investors will be looking for more specifics as Henry hosts teleconferences Tuesday, and holds meetings over the coming weeks.The first-half earnings show just how dependent BHP remains on iron ore as an engine of profits. Sales of the steelmaking ingredient accounted for about 47% of revenue in the first half, up from about 36% a year ago.Underlying earnings at BHP’s continuing operations jumped to $5.2 billion from $4.03 billion a year earlier, BHP said. That was in line with a $5.1 billion median estimate among five analyst forecasts compiled by Bloomberg.BHP is progressing work to set new goals for scope 3 carbon dioxide emissions -- those generated by customers using the company’s products -- and will outline new climate change plans later in 2020. Henry is facing more intense scrutiny over emissions and on preparations for longer-term shifts in demand for fossil fuels.The producer flagged petroleum output is now seen at the bottom of a forecast range of 110-116 MMboe as a result of Tropical Cyclone Damien off the coast of Western Australia. Iron ore and coal operations remain on track, it said.Market ReactionBHP’s Sydney-traded shares have advanced about 4% in the past year, lagging rivals including Rio Tinto Group and Fortescue Metals Group Ltd.Get MoreFor more details on the earnings data, click here.Read the statement here.To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Keith Gosman, Rob VerdonckFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • BHP in Talks to Delay Copper Shipments to China Due to Virus
    Bloomberg

    BHP in Talks to Delay Copper Shipments to China Due to Virus

    (Bloomberg) -- BHP Group Ltd., the world’s top miner, is in talks with Chinese customers to delay shipments of copper concentrates as the nation extended plant shutdowns to combat the spread of the coronavirus, according to people familiar with the matter.Suppliers are considering giving buyers in China flexibility on deliveries to discourage them from declaring force majeure, offering them a way out of contractual obligations, said the people, asking not to be identified because the information isn’t public.On Monday, copper for three-month delivery slipped 0.3% to $5,647.50 at 3:42 p.m. on the London Metal Exchange, extending Friday’s slump.BHP’s move offers more evidence of the far-reaching impact of the deadly coronavirus on commodity trade. The company operates Escondida, the world’s biggest copper mine, located in Chile. Producers in the South American nation, the globe’s largest exporter of the metal, are already in talks with clients on the deferment of cargoes due to port shutdowns in China as the government fights the outbreak.“We are working closely with our copper customers as they return from Chinese new year,” a BHP spokesman said in an email. The company was unable to comment on commercial arrangements with individual customers.Copper prices had slid for a record 14 straight days in London amid mounting concerns the coronavirus will aggravate the slowdown in global economic growth, crimping demand for the metal used in cars, electronic gadgets and construction. Prices rebounded briefly last week but resumed their slide Friday as automakers extended their shutdowns.(Adds copper price in the third paragraph)\--With assistance from James Thornhill.To contact the reporters on this story: Yvonne Yue Li in New York at yli1490@bloomberg.net;David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Should Value Investors Consider BHP Group (BHP) Stock Now?
    Zacks

    Should Value Investors Consider BHP Group (BHP) Stock Now?

    Is BHP Group (BHP) a great pick from the value investor's perspective right now? Read on to know more.

  • BHP Group Sees Hammer Chart Pattern: Time to Buy?
    Zacks

    BHP Group Sees Hammer Chart Pattern: Time to Buy?

    BHP Group has been struggling lately, but the selling pressure may be coming to an end soon.

  • Here's What BHP Group's (ASX:BHP) ROCE Can Tell Us
    Simply Wall St.

    Here's What BHP Group's (ASX:BHP) ROCE Can Tell Us

    Today we'll look at BHP Group (ASX:BHP) and reflect on its potential as an investment. Specifically, we'll consider...

  • The Big Dirty Secret of the World's Biggest Companies
    Bloomberg

    The Big Dirty Secret of the World's Biggest Companies

    (Bloomberg Opinion) -- Lots of companies talk a good game about cutting planet-heating greenhouse emissions but their disclosures and targets have tended to focus on the emissions over which they have direct control and which are easiest to measure. That’s fine in an industry such as cement, where the bulk of carbon pollution occurs during the production process. From an environmental perspective these direct, or “Scope 1,” emissions are the main problem caused by these particular companies.But the approach falls down in companies working in oil, mining, carmaking, finance, and even fashion, because oftentimes most of their carbon footprint is contained in the products they sell or help finance — not their own operations.An oil giant can boast all it likes about how it’s reduced gas flaring; if car drivers are still filling up with its gasoline, the planet will keep getting hotter. The same goes for an iron ore producer that touts how its mining trucks are incredibly fuel efficient but whose main product is the basis for steel production. Luxury goods suppliers may run the greenest workshops imaginable, but use fabrics and materials that are deeply damaging to the planet.In the past, so-called “Scope 3” emissions — the pollution contained in products sold to customers or in goods and services purchased from suppliers — either weren’t calculated or were seen as someone else’s problem. Thanks to pressure from institutional investors and activists, plus leadership from a few enlightened chief executives, corporate attitudes about this subject are evolving fast. “Scope 3 is the elephant in the room,” Mark van Baal of investor advocacy group Follow This told the Norwegian oil major Equinor ASA’s annual meeting last year.The new impetus is welcome because unless companies try to reduce the environmental damage of their products and purchasing decisions, efforts to limit catastrophic climate change will fail. At the World Economic Forum in Davos last week the bosses of some of the world’s biggest oil producers debated setting targets for Scope 3 emissions, which typically make up about 90% of their carbon footprint. BP Plc’s new boss Bernard Looney is poised to abandon his predecessor Bob Dudley’s opposition to targeting customer emissions, according to Reuters. Royal Dutch Shell Plc, Repsol SA and Total SA have already set Scope 3 targets.In mining, Rio Tinto Plc argued it had “very limited control” over customer emissions but later bowed to pressure by promising to work with its customer (and China’s top steel producer) Baowu Steel Group on lowering the steel sector’s emissions. BHP Group Ltd. and Vale SA have gone further by promising to set goals for Scope 3 emissions. In BHP’s cases these are almost 40 times greater than its direct pollution.The European Union’s new guidelines on climate reporting also recommend that large companies disclose customer and supplier emissions. Banks and insurers, whose direct emissions are typically pretty negligible, should focus on their counterparties’ emissions, the guidelines say. Unfortunately, this is not yet legally binding.Reluctance to target this stuff is hardly surprising because the numbers can be huge. Volkswagen AG acknowledged last year that its vehicles are responsible for about 2% of all the CO2 produced by humans.(3)Among the largest Scope 3 polluters are companies that the public probably don’t immediately think of as big climate sinners. It’s no surprise that Shell and Petrobras make the list, but I hadn’t thought about Cummins Inc., which sells truck engines and industrial power generators, Nexans SA, whose cables transport electricity and data, and Daikin Industries Ltd, which builds air-conditioning units.I’m not knocking these companies; at least they’re disclosing these emissions and some are setting targets to reduce them. Cummins plans to reduce absolute lifetime emissions from newly sold products by 25% by 2030, for example.Calculating the emissions from sold products is a pretty complicated exercise too. ThyssenKrupp AG’s massive Scope 3 emissions include those contained in the steel in the cars we drive around, the cement plants its factory construction unit helped build and the elevators in office buildings. Daikin has to consider the probable lifespan of its air conditioners, their energy consumption and what kind of electricity they’re powered by, plus probable leakage rates of planet-heating refrigerants.Fortunately there’s no shortage of organizations and methodologies to help compile these data. (Michael Bloomberg, founder of Bloomberg News and its parent Bloomberg LP, chairs the FSB Task Force on Climate-related Financial Disclosures).Regrettably, not all large manufacturers have seen the light through the smoke. The copious sustainability reports of some companies still don’t spell out the total emissions of the products they sell. Volvo AB told me there’s no globally harmonized standard on how to calculate and disclose Co2 from heavy duty trucks, but that it’s evaluating opportunities to report on this in future. Daimler AG, which wants a completely CO2 neutral truck fleet in key markets by 2039, plans to start disclosing Scope 3 emissions for trucks in its next sustainability report.(1) You know something’s up when it takes a hedge fund to tell a company to clean up its act. The shortcomings in aircraft maker Airbus SE’s Scope 3 emissions reporting were highlighted in a critical letter late last year from Chris Hohn’s TCI Fund Management, the world’s most profitable activist fund. Airbus and rival Boeing have committed to halving the aviation industry’s net emissions by 2050. It would help focus minds on that urgent task if they fully accounted for their own role in flight pollution.(2) If Shell can do it, why not them?(1) Like other truck manufacturers, VW doesn't report Scope 3 emissions for heavy trucks but made the estimate based on its market share andthe truck sector's contribution to global emissions (plus its carbon footprint from cars)(2) It already does so for cars.(3) Boeing's environment reportonly counts Scope 3 emissions from business travel. Airbus has urged the aviation sector to develop a common methodology for Scope 3 emissions to aid consistency in reporting.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Nucor's (NUE) Earnings, Sales Surpass Estimates in Q4
    Zacks

    Nucor's (NUE) Earnings, Sales Surpass Estimates in Q4

    Nucor's (NUE) profitability in the steel mills unit declines sequentially in Q4 due to lower steel prices.

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  • BHP's Iron, Copper Production Up, Retains Fiscal 2020 Guidance
    Zacks

    BHP's Iron, Copper Production Up, Retains Fiscal 2020 Guidance

    BHP Group (BHP) reported year-over-year increase in copper and iron ore production during the first half of fiscal 2020 and maintains guidance for fiscal 2020.

  • Resilient Chinese Steel Industry Holds Promise for Iron Ore
    Zacks

    Resilient Chinese Steel Industry Holds Promise for Iron Ore

    China's steel consumption will increase 2% year over year in 2020, fueling demand for iron.

  • Reuters

    BHP maintains FY iron ore, thermal coal forecasts despite bushfire impact

    New South Wales thermal coal output fell 11% in the first half to 7 million tonnes, BHP said in its December quarter production report, but maintained its full year forecast of between 15-17 million tonnes. Elsewhere, BHP reported that Australian iron ore output was 68 million tonnes for the three months ended Dec. 30, nearly 2% lower than in the September quarter and slightly below a UBS estimate of 69.3 million tonnes. It was, however, 3% higher than a year ago and with car dumper maintenance work in October now finished, BHP maintained its full year iron ore forecast of 273 million tonnes to 286 million tonnes.

  • BHP (BHP) Upgraded to Strong Buy: Here's Why
    Zacks

    BHP (BHP) Upgraded to Strong Buy: Here's Why

    BHP (BHP) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL
    Zacks

    The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL

    The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL

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  • Q4 Earnings Scorecard & Today's Top Stock Research Reports
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    Q4 Earnings Scorecard & Today's Top Stock Research Reports

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