BHP - BHP Group
| Previous Close | 51.92 |
| Open | 51.97 |
| Bid | 51.87 x 800 |
| Ask | 51.88 x 1300 |
| Day's Range | 51.78 - 52.30 |
| 52 Week Range | 43.65 - 59.02 |
| Volume | 1,436,377 |
| Avg. Volume | 1,823,758 |
| Market Cap | 128.833B |
| Beta (3Y Monthly) | 0.49 |
| PE Ratio (TTM) | 16.24 |
| EPS (TTM) | 3.20 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.66 (5.12%) |
| Ex-Dividend Date | 2019-09-05 |
| 1y Target Est | 45.05 |
- MarketWatch
BHP shares jump 6% on oil price spike
BHP, a major producer of commodities such as iron ore and steelmaking coal, has a substantial oil-and-gas division that sets it apart from most of its peers and accounted for roughly 15% of the company’s underlying earnings in fiscal 2019.
- Simply Wall St.
What Should Investors Know About BHP Group's (ASX:BHP) Earnings Trend?
In August 2019, BHP Group (ASX:BHP) announced its most recent earnings update, which indicated that the business...
- Zacks
New Strong Sell Stocks for September 13th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Motley Fool
How to Invest in Copper Stocks
Digging into the copper mining industry can reveal some potential investment opportunities and better explain what it takes to make money from an ore that is growing in value.
- Motley Fool
Why Mining Stock Prices Crashed in August
Commodity-related stocks declined on fears over global growth.
- Reuters
BHP investors file resolution to cut funding for Australian coal lobby groups
Several BHP Group shareholders, including the Church of England pension fund, are recommending the company suspend its membership in industry groups that advocate for policies inconsistent with the Paris climate change agreement. The resolution was filed on Tuesday by the Australasian Centre for Corporate Responsibility (ACCR) ahead of BHP's annual general meetings (AGM) in London and Sydney, the ACCR said in a statement. Co-filers included the Church of England Pensions Board and Grok Ventures, the private investment vehicle of Australian tech billionaire Mike Cannon-Brookes, as well as institutional investors that combined hold A$140 billion( $94.6 billion) under management.
- Bloomberg
Tech Billionaire Backs New Demand on BHP Over Climate Action
(Bloomberg) -- Australian billionaire Mike Cannon-Brookes’ private investment vehicle is among backers of a new demand on BHP Group to suspend ties with industry groups that are seen as hindering efforts to meet global climate change goals.Cannon-Brookes’ Grok Ventures, Denmark’s MP Pension and the Church of England Pensions Board are among investors holding assets worth about A$140 billion ($95 billion) who’ve backed a shareholder resolution filed by the Australasian Centre for Corporate Responsibility ahead of BHP’s forthcoming annual meetings, the signatories said in a statement Wednesday.Melbourne-based BHP should suspend membership of industry associations that carry out lobbying or other work that’s at odds with the Paris climate accord, the ACCR said, citing activities by groups including the Minerals Council of Australia and the Business Council of Australia.“Until BHP stops funding for coal lobbyists, we’re extremely skeptical of their environmental or green credentials,” Cannon-Brookes said in the statement.BHP, scheduled to hold an annual meeting in the U.K. in October and in Australia in November, declined to comment. A resolution on industry group links filed by the ACCR to BHP’s annual meetings in 2017 won about 9% of votes cast and was rejected.The producer, which supports the Paris goals and says it has taken action on global warming for two decades, has targets to curb its own carbon dioxide emissions and plans to support customers’ efforts to take similar steps with a $400 million investment program. “Global warming is indisputable,” Chief Executive Officer Andrew Mackenzie said in a London speech in July. “The planet will survive. Many species may not.”BHP last year quit the World Coal Association and said in 2017 it would monitor advocacy by other groups, including the Minerals Council of Australia, following a review of its involvement in 21 associations.Efforts to constrain activities of some groups have been ineffective, according to the ACCR. The organization has also called on other companies, including Rio Tinto Group, to review its ties to industry associations.“Suspension of memberships where advocacy is inconsistent with Paris is the only sensible way forward,” the group’s executive director Brynn O’Brien said in the statement.(Updates with comment from BHP in fifth paragraph.)\--With assistance from Steven Frank.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, Alpana Sarma, Jason RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Dividend Investors: Don't Be Too Quick To Buy BHP Group (ASX:BHP) For Its Upcoming Dividend
BHP Group (ASX:BHP) stock is about to trade ex-dividend in 4 days time. This means that investors who purchase shares...
- Reuters
Chevron, BHP evacuate workers from Gulf of Mexico due to hurricane
Major offshore oil and gas producers on Friday were evacuating non-essential staff from production platforms in the U.S. Gulf of Mexico due to the threat from Hurricane Dorian. BP, Chevron Corp and BHP Group said they had or were in the process of removing some workers from their facilities as a precautionary measure. Some computer models project Dorian may cross the Florida peninsula and enter the Gulf of Mexico.
- Reuters
UPDATE 2-Chevron, BHP evacuate workers from Gulf of Mexico due to hurricane
Chevron Corp and BHP Group said on Friday they are evacuating non-essential workers from four oil production platforms in the U.S. Gulf of Mexico due to the threat from Hurricane Dorian. None of Chevron's offshore production has been shut in due to Dorian, the company said. Exxon Mobil Corp and Occidental Petroleum said they are closely monitoring Dorian, and Gulf of Mexico operations were operating normally.
- Kiplinger
Betting on Stocks Down Under
With their sound fundamentals and enticing yields, Australian stocks make logical additions to any portfolio.
- Reuters
Talks on Guinea's iron ore advance, BHP nears deal on Nimba-sources
CONAKRY/LONDON, Aug 29 (Reuters) - Leading miner BHP is near a deal to divest its stake in Guinea's Nimba iron ore deposit, while three big miners are vying to develop half of the country's Simandou, the largest known untapped iron ore reserve, sources close to the talks said. Guinea has struggled for decades to extract money from its iron ore, which has been left undeveloped because of protracted legal disputes and the cost of infrastructure.
- Bloomberg
BP's Alaska Exit Is a Sign of Oil's Times
(Bloomberg Opinion) -- There goes the other pipeline. Back in the day, BP Plc was sometimes dismissed as a “two-pipelines company.” This referred to two of its biggest positions: The Forties field and pipeline system in the North Sea and the Trans Alaska Pipeline bringing oil south from the Prudhoe Bay wells in Alaska. Forties was sold off in 2003 (the field) and 2017 (the pipes). Now, BP is leaving Alaska.In some respects, the $5.6 billion sale of the company’s Alaska portfolio is par for the course. BP has been selling assets for much of this decade in order to fund compensation and reshape the business after 2010’s Macondo blowout. More generally, selling mature oil and gas fields to smaller, independent companies planning to squeeze out more is a standard part of the development cycle. In 2003, Apache Corp. took Forties; the Alaska sale is to privately held Hilcorp Energy Co. To be an oil major is to be constantly ranking projects in terms of potential and deciding if you’re better off keeping them or flogging them.Yet the symbolism is inescapable. Alaska is embedded deeply in BP’s history and identity. Former CEO Lord John Browne, who led the late 20th-century mega-mergers that transformed BP from a two-pipeline company, kicked off his career there in 1969, just after BP struck oil. One of those big deals he ended up doing, the $33 billion acquisition of Atlantic Richfield Co. in 2000, was predicated in part on consolidating BP’s position in Alaska – only for antitrust regulators to force the sale of those particular assets to Phillips Petroleum Co. (now ConocoPhillips).Back then, BP was on the hunt for “elephants,” or giant oil and gas fields that typically took many years – and country-sized balance sheets – to develop. Hence Browne’s acquisition spree.The world has moved on. While producers still relish big discoveries, the intervening boom and bust in oil prices has made investors leery of big-ticket investments and more demanding in terms of payouts. Apart from, by and large, holding capex budgets in check, oil majors have been retreating from traditional strongholds, with Royal Dutch Shell Plc virtually leaving the Canadian oil sands, Chevron Corp. recently exiting the U.K. North Sea and Exxon Mobil Corp. putting its Norwegian assets up for sale. BP put its own Norwegian business into a joint venture in 2016.Meanwhile, they have been diverting cash to dividends and buybacks in order to keep investors onside – BP’s stock yields almost 7% – as well as directing more of their capex to shorter-cycle shale development.BP paid BHP Group Plc $10.5 billion in cash for its shale assets last year. Besides reducing BP’s leverage at a dicey time for oil prices, the Alaska deal can be seen as swapping out of an old, conventional position to help fund expansion in unconventional oil and gas. In that sense, selling Alaska throws the spotlight on these new assets where, like several of its peers, BP is trying to prove that the majors’ scale – which worked in such places as Alaska – can also be an advantage in shale.Alaska is viewed by some as a growth area, particularly – with grim irony – as climate change and the energy-dominance aspirations of the current U.S. administration open up more of it for potential development. However, as a sensitive, remote and challenging environment, it carries extra risks and costs for producers, including the potential for future administrations to restrict activity there again. The state’s oil boom truly began when the panic of the 1973 oil shock swept aside opposition to the construction of the Trans Alaska Pipeline. Its future from here will be shaped at least in part by the challenges of excess oil and associated emissions.Faced with this much change and the need to adapt, there really can be no sacred cash cows.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- American City Business Journals
South Texas Drilling Permit Roundup: BP makes Eagle Ford debut under new name
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
- Zacks
BP Places 21 Bids in the Latest US Gulf of Mexico Lease Sale
BP tallies the second highest bids in the U.S. GoM lease sale 253, which receives 165 bids from 27 companies.
- Simply Wall St.
How Do Analysts See BHP Group (ASX:BHP) Performing In The Next 12 Months?
Based on BHP Group's (ASX:BHP) earnings update on 30 June 2019, analysts seem fairly confident, with profits predicted...
- Zacks
BHP's FY19 Earnings and Revenues Up Y/Y on Higher Prices
Elevated prices and record production from various operations contribute to BHP's fiscal 2019 operating cash flow.
- Reuters
Mining giant BHP pays record dividend, but flags risks to global growth
BHP Group, the world's biggest miner, on Tuesday reported its largest annual profit in five years and posted record full-year dividends, boosted by a dramatic rally in prices for steelmaking ingredient iron ore. BHP has handed back some $20.9 billion to investors for the financial year that ended in June including a 78 cent dividend announced on Tuesday. "Most people were thinking around this level on dividends, but a lack of any additional returns may disappoint some," said analyst Glyn Lawcock at UBS in Sydney.
- Reuters
BHP annual profit rises on robust iron ore prices, pays record dividend
Iron ore prices have staged a dramatic rally this year, with the Dalian iron ore benchmark more than doubling, amid supply outages from Brazil and Australia earlier this year and more Chinese appetite for the steel-making ingredient. China's iron ore imports surged 21% in July from the month before to their highest level since January, as supply grew from miners in Australia and Brazil. Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port and used by BHP, had risen more than 11% in June.
- MarketWatch
Copper trades near a 2-year low, but ‘birth of an epic bull market’ draws near
Copper recently touched its lowest price level in more than two years but as supplies of the red metal tighten, analysts think commodities traders could overcome concerns about the economy, prompting prices for the industrial metal to move higher.
- Barrons.com
Copper Prices May Take Off as Supply Tightens
Sentiment for copper may turn bullish as the market shrugs off concerns about the slowing global economy and the China-U.S. trade war.
- Investopedia
Top Coal-Mining Stocks for 2019
Coal is widely used across the globe as a source of electricity. Find out how efforts to use cleaner energy sources are affecting the top coal stocks in 2019.
- American City Business Journals
Houston-based arm of French energy co. to move headquarters
Engie North America, the Houston-based arm of French utility company Engie, is moving its headquarters from one office complex in the Galleria/Uptown area to another. Engie will move into 109,667 square feet at 1360 Post Oak Blvd. in the Four Oaks Place office complex beginning in December, according to press releases from JLL and Transwestern. The energy company will occupy floors four through nine in the building, which used to be home to BHP Billiton's Houston headquarters.
