|Bid||30.56 x 68800|
|Ask||30.74 x 18337000|
|Day's Range||30.36 - 30.86|
|52 Week Range||22.06 - 32.16|
|PE Ratio (TTM)||27.79|
|Earnings Date||Feb 19, 2018 - Feb 23, 2018|
|Forward Dividend & Yield||0.71 (3.53%)|
|1y Target Est||24.95|
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 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'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 ...
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 ...
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.
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 ...
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 ...
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 ...
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.
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.
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.
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 ...
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.
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.
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.
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 ...
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.
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.
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.
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.
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) ...
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.
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.