Edition:
India

BHP Group Ltd (BHP.N)

BHP.N on New York Stock Exchange

51.69USD
14 Feb 2020
Change (% chg)

-- (--)
Prev Close
$51.69
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
277,321
52-wk High
$59.02
52-wk Low
$46.62

Latest Key Developments (Source: Significant Developments)

BHP Assesses Directional Risks To Prices Across Portfolio Are Mixed For 12 Mths Ahead
4:18am IST 

Feb 18 (Reuters) - BHP Group Ltd ::FOR 12 MTHS AHEAD, WE ASSESS DIRECTIONAL RISKS TO PRICES ACROSS PORTFOLIO ARE MIXED, WITH CORONAVIRUS OUTBREAK MAJOR SOURCE OF UNCERTAINTY.SEES LOWER IRON ORE PRICES ON AVERAGE IN CY2020 THAN IN YEAR JUST CONCLUDED, WITH CONSIDERABLE TWO–WAY VOLATILITY IN PROSPECT.EXPECT CONDITIONS IN METALLURGICAL COAL IN CY2020 TO IMPROVE SOMEWHAT VERSUS THOSE EXPERIENCED IN THE SECOND HALF OF CALENDAR 2019.  Full Article

BHP Group H1 Underlying Attributable Profit $5,186 Mln
2:52am IST 

Feb 18 (Reuters) - BHP Group Ltd ::INTERIM DIVIDEND PER SHARE OF US 65 CENTS FULLY FRANKED.SEES FY20 COPPER PRODUCTION BETWEEN 1,705 -1,820 KT.H1 UNDERLYING ATTRIBUTABLE PROFIT $ 5,186 MILLION VERSUS $3,732 MILLION.H1 NET PROFIT $ 4,868 MILLION VERSUS $3,764 MILLION.2019 CORONAVIRUS DISEASE OUTBREAK, TRADE POLICY AND GEOPOLITICS ARE KEY UNCERTAINTIES.NET DEBT AS AT DEC. 31 $12,843 MILLION.IF VIRAL OUTBREAK NOT WELL CONTAINED WITHIN MARCH QUARTER , EXPECT TO REVISE EXPECTATIONS FOR ECONOMIC AND COMMODITY DEMAND GROWTH DOWNWARDS.CAPITAL AND EXPLORATION EXPENDITURE GUIDANCE UNCHANGED AT BELOW US$8 BILLION FOR 2020 FINANCIAL YEAR AND APPROXIMATELY US$8 BILLION FOR FY21.SEES 2020 PETROLEUM PRODUCTION VOLUMES TO BE AT BOTTOM OF GUIDANCE RANGE DUE TO IMPACT FROM TROPICAL CYCLONE DAMIEN IN EARLY FEB.FULL YEAR UNIT COST GUIDANCE REMAINS UNCHANGED FOR MAJOR ASSETS.IF VIRAL OUTBREAK NOT DEMONSTRABLY WELL CONTAINED WITHIN MARCH QTR, EXPECT TO REVISE EXPECTATIONS FOR ECONOMIC, COMMODITY DEMAND GROWTH DOWNWARDS.GLOBAL STEEL PRODUCTION GROWTH MODERATED IN FIRST HALF OF 2020 FINANCIAL YEAR.GLOBAL STEEL PRODUCTION IS EXPECTED TO INCREASE MODESTLY IN 2020 CALENDAR YEAR.AS SECOND HALF OF 2020 FINANCIAL YEAR OPENS, INVENTORIES ARE RELATIVELY HIGH IN KEY PARTS OF NICKEL VALUE CHAIN.LONGER TERM, ELECTRIFICATION OF TRANSPORT IS EXPECTED TO REQUIRE ON-GOING INVESTMENT IN NEW SOURCES OF SUPPLY..ANTICIPATE A NET DEMAND LOSS DUE TO 2019 CORONAVIRUS DISEASE OUTBREAK IN NEAR TERM.  Full Article

Mcdermott Awarded Large Project By BHP
Wednesday, 5 Feb 2020 

Feb 5 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED LARGE SURF AND TRANSPORTATION AND INSTALLATION PROJECT BY BHP.MCDERMOTT INTERNATIONAL- PROJECT WILL BEGIN IMMEDIATELY WITH COMPLETION PROJECTED IN AUGUST 2020.MCDERMOTT INTERNATIONAL INC - DEFINES A LARGE CONTRACT AS BETWEEN USD $50 MILLION AND $250 MILLION.MCDERMOTT INTERNATIONAL INC - CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q4 2019 BACKLOG.  Full Article

BHP Posts Qtrly WAIO Iron Ore Production (100% BASIS) Of 68 MT
Tuesday, 21 Jan 2020 

Jan 21 (Reuters) - BHP Group Ltd ::FY20 PETROLEUM PRODUCTION GUIDANCE UNCHANGED BETWEEN 110 AND 116 MMBOE, WITH VOLUMES EXPECTED TO BE TOWARDS LOWER END OF GUIDANCE RANGE .ALL PRODUCTION AND UNIT COST GUIDANCE REMAINS UNCHANGED FOR 2020 FINANCIAL YEAR.QTRLY COPPER PRODUCTION 455 KT VERSUS 416 KT REPORTED A YEAR AGO.QTRLY WAIO IRON ORE PRODUCTION (100% BASIS) 68 MT VERSUS 66 MT REPORTED A YEAR AGO.QTRLY PETROLEUM PRODUCTION 28 MMBOE VERSUS 30 MMBOE REPORTED A YEAR AGO.ESCONDIDA UNIT COSTS TRACKING BELOW FY GUIDANCE AT DEC 2019 HALF YEAR LARGELY AS A RESULT OF HIGHER BY-PRODUCT CREDITS.ALL MAJOR PROJECTS UNDER DEVELOPMENT ARE TRACKING TO PLAN."OUR SIX MAJOR DEVELOPMENT PROJECTS ARE PROGRESSING WELL, AND WE CONTINUE TO ADVANCE OUR EXPLORATION PROGRAMS IN PETROLEUM AND COPPER".REMAIN ON TRACK TO DELIVER SLIGHTLY HIGHER PRODUCTION IN FY20 THAN FY19."NOT IN A POSITION TO PROVIDE AN UPDATE ON ONGOING POTENTIAL FINANCIAL IMPACTS ON BHP BRASIL OF SAMARCO DAM FAILURE".EXPECT JIMBLEBAR FINES FE GRADE TO IMPROVE IN SECOND HALF OF FY 2020.OVER QUARTER, STRONG CONCENTRATOR THROUGHPUT AT ESCONDIDA MORE THAN OFFSET IMPACT FROM SOCIAL UNREST IN CHILE.TOTAL COPPER PRODUCTION IMPACT OF STOPPAGES ASSOCIATED WITH SOCIAL UNREST IN CHILE AT ESCONDIDA EXPECTED TO BE 7 KT FOR 2020 FY.IN COPPER EXPLORATION, THIRD PHASE OF DRILLING PROGRAM AT OAK DAM IN SOUTH AUSTRALIA EXPECTED TO BE COMPLETED IN JUNE 2020 QUARTER.  Full Article

BHP Group Says Diane Jurgens, Chief Technology Officer, Will Leave Co In Early 2020
Monday, 9 Dec 2019 

Dec 9 (Reuters) - BHP Group Ltd ::BHP GROUP LTD - CHIEF TECHNOLOGY OFFICER, DIANE JURGENS, WILL LEAVE BHP IN EARLY 2020.BHP GROUP LTD - RAG UDD HAS BEEN APPOINTED ACTING CHIEF TECHNOLOGY OFFICER, EFFECTIVE DEC 14.  Full Article

BHP Group Says Co Will Subscribe 77 Mln New SolGold Shares
Monday, 25 Nov 2019 

Nov 25 (Reuters) - BHP Group Ltd ::BHP - BHP WILL SUBSCRIBE FOR 77 MILLION NEW SOLGOLD SHARES FOR AGGREGATE SUBSCRIPTION PRICE OF £17.1 MILLION.BHP GROUP - ON COMPLETION OF SUBSCRIPTION, BHP’S INTEREST IN SOLGOLD WOULD INCREASE FROM 11.1% TO 14.7%.BHP- UNDER TERMS OF DEAL ,CO TO ALSO RECEIVE OPTIONS OVER 19.25 MILLION SOLGOLD SHARES WHICH ARE EXERCISABLE UNTIL 25 NOV 2024 AT 37 PENCE PER SHARE.  Full Article

Woodside Petroleum Says Agreed Tolling Price For Scarborough Gas With BHP
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Woodside Petroleum Ltd : :WOODSIDE AND BHP AGREE TOLLING PRICE FOR SCARBOROUGH GAS.TOLLING PRICE IS VALID TO 31 MARCH 2020.SCARBOROUGH GAS WOULD INITIALLY BE PROCESSED ON A DEEP-WATER FLOATING PRODUCTION UNIT.TOLL IS BASED ON BHP MAINTAINING NO MORE THAN A 25% INTEREST IN SCARBOROUGH (WA-1-R) UP TO FINAL INVESTMENT DECISION.FIRST LNG FROM PROPOSED DEVELOPMENT IS TARGETED IN 2024..AGREED TOLLING PRICE IS COMPLEMENTED BY A COMPREHENSIVE, NON-BINDING HEADS OF AGREEMENT ON OTHER TOLLING TERMS.SCARBOROUGH GAS WOULD BE TRANSPORTED THROUGH AN ABOUT 430 KM PIPELINE TO BE PROCESSED AT PLUTO LNG FACILITY.WOODSIDE AND BHP AGREE TOLLING PRICE FOR SCARBOROUGH GAS.  Full Article

BHP Group Says Mike Henry To Become BHP Chief Executive Officer
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - BHP Group Ltd ::MIKE HENRY TO BECOME BHP CHIEF EXECUTIVE OFFICER, EFFECTIVE 1 JANUARY 2020.HENRY REPLACING ANDREW MACKENZIE WHO WILL RETIRE AS CEO ON 31 DECEMBER 2019.ANDREW MACKENZIE WILL STEP DOWN AS CEO, A MEMBER OF EXECUTIVE LEADERSHIP TEAM AND AN EXECUTIVE DIRECTOR OF CO ON 31 DEC 2019.ANDREW MACKENZIE WILL RETIRE FROM GROUP ON 30 JUNE 2020.HENRY WILL BE EMPLOYED UNDER A SINGLE EMPLOYMENT AGREEMENT WITH BHP GROUP WITH NO FIXED TERM.MIKE HENRY WILL BE REQUIRED TO HOLD BHP SECURITIES WITH VALUE AT LEAST EQUAL TO 5 TIMES 1 YEAR'S PRE-TAX (GROSS) BASE SALARY DURING TERM AS CEO.  Full Article

BHP Sees Capex OF $1.4–1.9 Bln For Scarborough
Monday, 11 Nov 2019 

Nov 11 (Reuters) - BHP Group Ltd ::"PETROLEUM IS SET TO DELIVER STRONG RETURNS AND CONTRIBUTE SIGNIFICANT VALUE FOR BHP THROUGH THE 2020S AND BEYOND".SEES FY20 CONVENTIONAL PETROLEUM PRODUCTION OF 110-116 MMBOE.SEES FY20 CONVENTIONAL PETROLEUM UNIT COSTS OF US$10.5-11.5/BOE.PETROLEUM'S GROWTH OPTIONS CURRENTLY INCLUDE SCARBOROUGH, WILDLING PHASE I, TRION AND TRINIDAD & TOBAGO NORTH.RECENT WAVE OF NEW LNG SUPPLY WEIGHS ON MARKET UNTIL MID-2020S; DEMAND GROWTH FROM ASIA & EUROPE COULD ALLOW MARKET TO BALANCE BY MID-2020S.AT SCARBOROUGH, NEGOTIATIONS FOR GAS PROCESSING ONGOING.FOR SCARBOROUGH, SEES CAPEX OF US$1.4–1.9 BILLION (NET), WITH A FINAL INVESTMENT DECISION EXPECTED IN CY20.  Full Article

Bhp Group Says Current Trade Tensions Weighing On Consumer Confidence
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - BHP Group Ltd ::BHP GROUP LTD - CURRENT TRADE TENSIONS ARE WEIGHING ON CONSUMER CONFIDENCE AND HAVE THE POTENTIAL TO IMPACT DEMAND FOR OUR KEY COMMODITIES..BHP GROUP LTD - LONGER TERM OUR VIEW REMAINS POSITIVE.BHP GROUP LTD SAYS ITS SIX MAJOR PROJECTS ARE ON TRACK AND ON BUDGET IN IRON ORE, COPPER, OIL AND POTASH.  Full Article

UPDATE 3-Iron ore prices boosts BHP half-year profit, flags coronavirus risk

* BHP to focus on copper and nickel for growth (Adds chief executive quote, detail on labour force)