BHP.AX - BHP Billiton Limited

ASX - ASX Delayed Price. Currency in AUD
+0.48 (+1.59%)
At close: 4:11PM AEDT
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Previous Close30.20
Bid30.56 x 68800
Ask30.74 x 18337000
Day's Range30.36 - 30.86
52 Week Range22.06 - 32.16
Avg. Volume6,718,345
Market Cap163.329B
PE Ratio (TTM)27.79
EPS (TTM)1.10
Earnings DateFeb 19, 2018 - Feb 23, 2018
Forward Dividend & Yield0.71 (3.53%)
Ex-Dividend Date2017-09-07
1y Target Est24.95
  • Reuters3 hours ago

    BHP, ExxonMobil drop sale of Australian oil and gas assets

    BHP Billiton Ltd and ExxonMobil Corp's Esso Australia said on Friday they have dropped a sale process started 20 months ago for some of Australia's oldest and largest oilfields. "BHP and Esso have reached a decision to not progress with the sale of some offshore assets owned by the Gippsland Basin Joint Venture," a BHP spokeswoman said in an email. The venture in Australia's Victoria state began operations in 1969, according to BHP's website.

  • BHP won't move Singapore marketing hub even if Australia cuts tax - CEO

    BHP won't move Singapore marketing hub even if Australia cuts tax - CEO

    BHP Billiton (BHP.AX) (BLT.L) will not move its low tax-paying Singapore marketing hub even if Australia goes ahead with plans to cut corporate taxes, Chief Executive Andrew Mackenzie said on Thursday. BHP's Singapore office is the focus of a long-running fight with Australia's tax office, which argues the company is shifting profit to Singapore on the sales of its mostly Australian products to minimise tax. Mackenzie reiterated the company has to base its marketing operations in Singapore to be close to its customers, most of whom are in Asia, and would not move it to Australia.

  • Moody's2 days ago

    BHP Billiton Limited -- Moody's: BHP's first half fiscal 2018 performance is credit positive

    Moody's Investors Service says BHP Billiton Limited's (A3 positive) performance for the half-year ended 31 December 2017 (1H 2018) is credit positive and strengthens the company's position within its credit ...

  • Reuters3 days ago

    HSBC weighs on banks as European stocks advance

    By Julien Ponthus LONDON (Reuters) - European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC (HSBA.L) reported weaker than expected earnings ...

  • Pressure remains on BHP despite rise in earnings
    Reuters3 days ago

    Pressure remains on BHP despite rise in earnings

    MELBOURNE/LONDON (Reuters) - Global miner BHP, seeking to fend off activist investor Elliott Advisors, handed an extra $800 million (573.07 million pounds)to shareholders but its share price slid on Tuesday after costs rose and interim results fell short of forecasts. All the major miners have recovered strongly as commodity prices have rebounded from the 2015-16 crash. BHP must also contend with Elliott, which has a stake of around 5 percent in its London arm, and has made a series of demands that it says will increase shareholder returns.

  • Financial Times3 days ago

    [$$] Opening Quote: HSBC’s Gulliver goes out on a (not quite so) high

    Things to do on your last day in the office: clear out desk, wash-up old coffee cups, hand in security pass, write emotional farewell email, purloin a few packets of Post-It Notes, finally reverse a six-year ...

  • Bloomberg3 days ago

    BHP 1H Profit Hits Three-Year High

    Bloomberg's Will Kennedy reports on the earnings and performance of BHP Billiton. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)

  • Reuters4 days ago

    Colombia coal output down slightly in 2017 to 89.4 million tonnes

    Colombia, the world's fifth-largest exporter of coal, produced 89.4 million tonnes in 2017, down 1.2 percent from output the year before, the Energy and Mining Ministry said in a statement on Monday. The ...

  • Financial Times4 days ago

    [$$] Fast Asia Open: RBA meeting minutes, HSBC earnings

    China is planning to increase the catch from its far-sea fishing fleet as it clamps down on fishing in its own heavily depleted waters, in a move likely to heighten maritime tension with other coastal ...

  • Reuters7 days ago

    Mining sector unloved as investors find it hard to trust

    Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. The mining sector led the FTSE higher in 2016 as it rebounded from the previous year's deep price crash, but it is still well below levels seen in 2011.

  • As mining investors push caution, Glencore differs from rivals
    Reuters7 days ago

    As mining investors push caution, Glencore differs from rivals

    TORONTO/MELBOURNE (Reuters) - As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions. Like other big rivals, Glencore is expected to lift its dividend payout when it reports results next week, but the Swiss miner and trader is also "open for business" when it comes to buying mines or companies, its chief financial officer said in December. "Glencore's deal-making is now very strategic.

  • Reuters7 days ago

    BHP Billiton to drill two new deepwater wells in Trion this year

    Drilling of a new appraisal well and a separate exploration well in BHP Billiton (BLT.L) (BHP.AX) deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the rights to operate Trion in late 2016, taking a 60 percent stake in the project valued at some $11 billion, while Mexico's state-owned oil company Pemex [PEMX.UL] holds the remaining 40 percent. The project marked the first-ever deepwater joint venture partnership for Mexico's newly opened oil sector following a constitutional energy overhaul in 2013.

  • Financial Times8 days ago

    [$$] Simpler structures could mean less Relx-ing on the train

    Eurostar’s managers might be getting a tad nervous. The train operator will shortly launch services between London and Amsterdam, the two cities that gave the world large joint-stock companies. Yet the ...

  • Reuters9 days ago

    Australia's Woodside to raise $2 bln, look to offshore gas project for growth

    Woodside Petroleum, Australia's biggest independent gas and oil producer, launched a surprise A$2.5 billion ($1.96 billion) share sale on Wednesday to raise funds to take control of and develop a long-stranded gas field off the country's west coast. Woodside said on Wednesday it had agreed to pay $744 million for ExxonMobil Corp's 50-percent stake in the Scarborough field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.

  • Australia's BHP flags $1.8 billion charge from U.S. tax reform
    Reuters10 days ago

    Australia's BHP flags $1.8 billion charge from U.S. tax reform

    The expense, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million. In its second-quarter production report last month, BHP had hinted at a probable charge arising from the lowering of U.S. corporate taxes. The U.S. House of Representatives in December approved the biggest overhaul of the U.S. tax code in 30 years, lowering the corporate tax rate to 21 percent from 35 percent.

  • Reuters10 days ago

    S&P upgrades Rio Tinto, flags well-placed for M&A

    Standard & Poor's on Tuesday raised its credit rating on global miner Rio Tinto for the first time since 2011 on the back of strong financial results and said the global miner could easily fund a big acquisition. S&P said one of the main factors that led to the upgrade to 'A' from 'A-' was Rio Tinto's sharp reduction in debt over the past four years and its "willingness to keep it low", which would shore it up well against any future downturns. "Alternatively, it could allow the company to enter into sizable merger and acquisition (M&A) transactions without overstretching its balance sheet," S&P said.

  • Reuters11 days ago

    European shares bounce back after turbulent week

    By Danilo Masoni MILAN (Reuters) - European shares rebounded from six-month lows on Monday as jitters over a sudden spike in volatility that wiped off $1 trillion in market capitalisation last week appeared ...

  • Reuters15 days ago

    Risk of disappointment for copper bulls as wage deals sealed

    Copper bulls who are betting on labour strife this year due to a full calendar of contract talks may be disappointed if early wage deals at two copper mines are a signpost for further agreements with mine workers. Benchmark copper prices rallied 12 percent in December, partly due to fear of shortages if workers go on strike since many major operations in top producers Chile and Peru have contacts expiring this year, including at top mine Escondida. Chile's state-owned Codelco said late last month it had struck a contract deal with workers at its Andina copper mine, while workers at the Lomas Bayas mine accepted a contract offer from operator Glencore Plc (GLEN.L) early in January.

  • Reuters17 days ago

    South32 prepares to spin off South African coal assets within six months

    South32's (S32.AX) South African coal assets will be spun off within six months, its president and chief operating officer Mike Fraser said. Fraser said that South32, which was spun out from BHP Billiton (BLT.L) in 2015, had received a number of offers for the assets which it up for sale in November last year as part of a shift away from coal. Fraser declined to name the bidders for South 32's coal assets but South African power utility, the main customer for the coal, requires any new contracts to be signed with suppliers that have more than a 50 percent black shareholding.

  • Reuters18 days ago

    Activist Elliott steps up calls for BHP to scrap dual listing

    Activist investor Elliott Advisors on Monday stepped up calls for the world's biggest mining company BHP (BLT.L)(BHP.AX) to scrap its dual listing, demanding the company agree to review the matter by the time it posts results on Feb. 20. Elliott has previously urged BHP to change its structure, with listings in both Britain and Australia, but the company has resisted. BHP declined to comment on Elliott's latest letter to its board, in which the activist investor said that removal of the dual-listing structure would deliver more than $22 billion of shareholder value, citing its own independent report.

  • Reuters18 days ago

    February the real test for Australia's shaky power supply

    Australia's strained power supply grid has largely withstood soaring temperatures this summer, but a year after the nation's biggest city, Sydney, was hit by blackouts, the real test comes this month. A state-wide blackout in South Australia in September 2016 sparked a conservative backlash over the use of solar and wind at the expense of dirtier but 'always-on' coal-fired generation and a scramble to add back-up power. South Australia, the country's most wind energy-dependent state, has installed the world's biggest lithium ion battery from Tesla Inc and diesel generators.

  • Reuters25 days ago

    Miners and oil companies fuel gain for FTSE

    By Helen Reid LONDON (Reuters) - Britain's top share index pulled ahead of sluggish European markets on Monday thanks to its strong cyclical tilt as mining and oil stocks powered higher. The FTSE 100 (.FTSE) ...

  • Reuters28 days ago

    Union, Colombia's Cerrejon mine return to talks in bid to avoid strike

    Colombia's top thermal coal mine Cerrejon and its largest union have returned to talks in a bid to avoid a strike over pay and benefits, the two sides said on Friday. A 10-day voting period for union members to decide whether to stop work after failed talks ends on Monday afternoon. "By request of the company we returned to the negotiating table on Thursday," Aldo Amaya, president of the Sintracarbon union, told Reuters.

  • Reuters28 days ago

    Chinese steel mills win domestic iron ore pricing in some 2018 contracts

    Chinese steelmakers have succeeded in a push to include domestic iron ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities. The move marks a major step in the evolution of iron ore pricing after the industry abandoned decades-old closed door talks between miners and steelmakers in 2010 in favour of a daily price index.