AllAnalyst Report
logoMorningstarMarch 18, 2024

BHP Group Limited: Mined Commodities Are Essential to the Economy, but Moats Are Rare

Symbols
BHP
Sector(s)
Basic Materials
Rating
Current Price
$56.43
Fair Value
Economic Moat
Stewardship
Summary

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to suppl

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