BHP.AX - BHP Billiton Limited

ASX - ASX Delayed price. Currency in AUD
29.85
-0.38 (-1.26%)
At close: 4:10PM AEDT
Stock chart is not supported by your current browser
Previous close30.23
Open29.50
Bid29.89 x 0
Ask29.87 x 0
Day's range29.26 - 30.06
52-week range24.05 - 42.33
Volume8,619,346
Avg. volume9,822,243
Market cap150.951B
Beta (5Y monthly)0.97
PE ratio (TTM)16.08
EPS (TTM)1.86
Earnings date18 Feb 2020
Forward dividend & yield2.13 (7.05%)
Ex-dividend date05 Mar 2020
1y target est25.45
  • Bloomberg

    Deep Underground and Sleeping at Work: How to Dodge Covid-19

    (Bloomberg) -- There’s room for about 2,500 people, a golf simulator and a three-storey cafe at BHP Group’s Mulla Mulla mining camp, deep in Australia’s remote Pilbara region, one of the world’s most important iron ore hubs.The site and dozens more like it would be a perfect breeding ground for COVID-19. But sending employees to work from home isn’t an option. For much of the year, it is their home; where they eat, sleep and work in close proximity for weeks at a time.It’s a potentially devastating risk that the biggest resources companies are juggling the world over, from oil rigs in the North Sea to copper mines in the Chilean desert. With much of the world’s raw materials extracted in remote and inhospitable locations, they’re scrambling to protect the well-being of their vast residential workforces while keeping the world supplied with critical commodities.“We are not a business that can do all of our work remotely,” said Mike Henry, chief executive officer of BHP, the world’s top miner and a company that employs about 72,000 staff or contractors, “We are fully focused on action to reduce the risk of transmission.”BHP isn’t alone. Mines in Chile to oil fields on Alaska’s North Slope are limiting access, splitting crews into rotating teams and checking temperatures of employees as they step aboard helicopters or pass through access gates at sites.Isolation zones have been set up at accommodation villages, hot buffets scrapped at canteens, and extra cleaners hired. In Australia, the Royal Flying Doctor Service is on alert to airlift patients from far-flung operations, while at Rio Tinto Group’s Kitimat aluminum smelter in Canada, emergency plans for virus cases are pinned up alongside warnings about the location of grizzly bears.Producers are also attempting to keep pace with rapidly tightening controls on the movement of people and goods, and preparing for the potential impact of multiple positive cases. “Everyone’s got a bunch of scenarios that they’re planning for,” said Paul Everingham, chief executive officer of the Chamber of Minerals and Energy of Western Australia.Read more: World’s Miners Slowly Grind to a Halt on Virus RestrictionsSome cracks are appearing, though largely because the drastic government measures around the world to contain the virus are making it unfeasible to keep operating, as opposed to the virus actually taking down the workforce. Platinum powerhouse South Africa this week said it was shutting its mines for three weeks amid a nationwide lockdown, while operations in copper giants Chile and Peru have been curtailed.A widespread shutdown of global resources production would just deepen the havoc the virus is already wreaking on the commodities industry. While demand is being devastated as swathes of the world go into lockdown, China’s gradually returning to work and is going to start needing more raw materials as its factories fire up again.The challenge is particularly acute in commodity powerhouses like Australia, Russia and Canada where staff often need to be transported in and housed because production sites are so remote.About 20% of Australia’s mining workforce of around 218,000 are fly-in staff that typically stay at sites for between one and four weeks at a time. The U.S. oil and gas sector alone employs about 157,000 people, including on offshore rigs.Canada’s oil sands industry has already had suspected cases and has taken action at camps to reduce the prospects of virus transmission. Producer Suncor Energy Inc. is taking steps including spacing employees out on buses so nobody is sitting next to anyone else.And in Russia, which churns out everything from crude to nickel in some of the most remote locations on the planet, oil producer Gazprom Neft PJSC has increased the length of shifts at its camps. Crude-pipeline operator Transneft PJSC has done the same.“We have remote work sites and a relatively tight density of people,” ConocoPhillips Chief Operating Officer Matt Fox said last week on an investor call. The producer has limited the number of workers at its assets in Alaska, freeing up bed spaces to serve as a potential quarantine, and is reviewing options at other sites, including in Norway and China. “If necessary, we can have quarantine available in these locations,” he said.BP Plc has divided workers at major operational sites into separate shifts, and is restricting contact between the two teams. Other energy producers including Royal Dutch Shell Plc and Inpex Corp. have already had staff test positive for COVID-19 in recent days. South African utility Eskom Holdings SOC Ltd. is housing power station workers in lodges away from their families.Read more: Oil-Sands Workers Brace for ‘Hellish’ Outbreak in Remote CampsAt BHP’s Whaleback operation, opened in 1967 and the oldest mine in Australia’s Pilbara, yellow tape marks out social spacing distances on the floor of a cafeteria and solo workers sit at opposite ends of communal tables usually crowded with staff.Employees at other BHP sites are holding meetings in outdoor picnic areas, or using grids laid out on floors to make sure they don’t stray too close when gathered indoors. A small group of tug boat operators who usually commute from Tasmania to Western Australia -- typically a nine-hour journey on multiple flights -- have been temporarily relocated, along with their families.Rio Tinto and Fortescue Metals Group Ltd. both confirmed Friday they’ll change shift patterns to reduce movement in and out of Australian mines, asking workers to carry out longer stints at a time.It’s inevitable there will be some impact on output as producers implement virus-protection measures, said Paul Mitchell, Sydney-based global mining and metals leader at EY, which is working with clients on handling the pandemic.“Even if you keep running, there will be some disruption, because running at 100% is going to put pressure on a workforce,” he said. Some companies are examining options to add flexibility by housing additional workers closer to their mines in unused tourist accommodation or construction camps. BHP is seeking to hire 1,500 staff in temporary roles to help operations through the crisis.There’s a recognition that busy mining camps hold risks of multiple infections once any cases arise, according to Mitchell. “They’re set up to minimize space,” he said. “They’re not set up for isolation because of their very nature.”Even for miners who return home after their shifts, rather than living in camps, the safest place to be right now may be underground, according to Bob Timbs, a district official for the Construction, Forestry, Maritime, Mining and Energy Union, which represents about 20,000 mining and energy workers in Australia.Members include workers at South32 Ltd.’s Illawarra Metallurgical Coal operation southwest of Sydney, where shift times have been staggered and less than half the usual number of miners are packing in to cages that ferry them on a journey underground that can take as long as 10 minutes.“Once they’re underground and in their development teams, they might only have contact with seven or eight people during the whole day, that’s a lot less than in an office environment,” said Timbs, a third-generation coal miner. “I’ve got more concerns for the guys when they are on the surface.”(Adds details in 18th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, BHP, CVS Health, T-Mobile US and Anthem
    Zacks

    The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, BHP, CVS Health, T-Mobile US and Anthem

    The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, BHP, CVS Health, T-Mobile US and Anthem

  • Top Research Reports for Bristol-Myers, BHP & CVS
    Zacks

    Top Research Reports for Bristol-Myers, BHP & CVS

    Top Research Reports for Bristol-Myers, BHP & CVS

  • A Sliding Share Price Has Us Looking At BHP Group's (ASX:BHP) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At BHP Group's (ASX:BHP) P/E Ratio

    To the annoyance of some shareholders, BHP Group (ASX:BHP) shares are down a considerable 32% in the last month. Even...

  • It Might Be Better To Avoid BHP Group's (ASX:BHP) Upcoming Dividend
    Simply Wall St.

    It Might Be Better To Avoid BHP Group's (ASX:BHP) Upcoming Dividend

    Readers hoping to buy BHP Group (ASX:BHP) for its dividend will need to make their move shortly, as the stock is about...

  • Is BHP Group's (ASX:BHP) 20% ROE Better Than Average?
    Simply Wall St.

    Is BHP Group's (ASX:BHP) 20% ROE Better Than Average?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Fortescue pays record dividends as earnings surge to new highs
    Motley Fool

    Fortescue pays record dividends as earnings surge to new highs

    Iron ore miner Fortescue Metals Group Limited (ASX: FMG) is rewarding shareholders with a big increase in dividends as it broke a number of records.The post Fortescue pays record dividends as earnings surge to new highs appeared first on Motley Fool Australia.

  • Why Sims Ltd is suffering when big miners are rallying
    Motley Fool

    Why Sims Ltd is suffering when big miners are rallying

    Shares in Sims Ltd (ASX: SGM) were thrown on to the scrap heap while shares in BHP and Rio Tinto are rallying. Here's why...The post Why Sims Ltd is suffering when big miners are rallying appeared first on Motley Fool Australia.

  • Why the Monadelphous share price is the top performer on the ASX 200 today
    Motley Fool

    Why the Monadelphous share price is the top performer on the ASX 200 today

    The Monadelphous Group Limited (ASX: MND) share price jumped this morning after the construction and engineering group posted its first half results and outlook.The post Why the Monadelphous share price is the top performer on the ASX 200 today appeared first on Motley Fool Australia.

  • BHP shares on watch after first-half profit jump and dividend increase
    Motley Fool

    BHP shares on watch after first-half profit jump and dividend increase

    The BHP Group Ltd (ASX: BHP) share price will be one to watch today, after the resources giant released its half year results and declared its second highest dividend payment.The post BHP shares on watch after first-half profit jump and dividend increase appeared first on Motley Fool Australia.

  • 2 tax breaks the ATO is begging you to take
    Motley Fool

    2 tax breaks the ATO is begging you to take

    The ATO is begging you to take advantage of these 2 tax breaks, which should help accelerate your wealth higher if you’re smart. The post 2 tax breaks the ATO is begging you to take appeared first on Motley Fool Australia.

  • Should you invest in ASX shares like the Aussie super funds?
    Motley Fool

    Should you invest in ASX shares like the Aussie super funds?

    Aussie super funds like Unisuper and Hostplus are cashed up and ready to pounce on ASX shares - so should you be doing the same right now?The post Should you invest in ASX shares like the Aussie super funds? appeared first on Motley Fool Australia.

  • This ASX 200 gold share just posted record net profit
    Motley Fool

    This ASX 200 gold share just posted record net profit

    Shares in ASX 200 gold miner Regis Resources Ltd (ASX: RRL) are on watch today after a record net profit from the mining group.The post This ASX 200 gold share just posted record net profit appeared first on Motley Fool Australia.

  • 3 ASX events you missed on Friday
    Motley Fool

    3 ASX events you missed on Friday

    A recap of the top things you missed on Friday as the S&P/ASX 200 (INDEXASX: XJO) finished the week on a high.The post 3 ASX events you missed on Friday appeared first on Motley Fool Australia.

  • 4 ASX shares to get you started in investing
    Motley Fool

    4 ASX shares to get you started in investing

    If you're looking to get started in investing, here's why I think BHP Group Ltd (ASX: BHP) and these 3 other ASX shares are a great place to begin. The post 4 ASX shares to get you started in investing appeared first on Motley Fool Australia.

  • 4 ASX shares to watch in week 3 of reporting season
    Motley Fool

    4 ASX shares to watch in week 3 of reporting season

    Here are 4 great ASX shares to watch during the busiest week of February's ASX reporting season.The post 4 ASX shares to watch in week 3 of reporting season appeared first on Motley Fool Australia.

  • How to invest in ASX shares with a low Aussie dollar
    Motley Fool

    How to invest in ASX shares with a low Aussie dollar

    Here's what a record low Aussie dollar means for your ASX shares today.The post How to invest in ASX shares with a low Aussie dollar appeared first on Motley Fool Australia.

  • 3 high yield ASX dividend shares that smash low interest rates
    Motley Fool

    3 high yield ASX dividend shares that smash low interest rates

    Westpac Banking Corp (ASX:WBC) expects two rate cuts in 2020. Luckily, you can smash low interest rates with these ASX dividend shares...The post 3 high yield ASX dividend shares that smash low interest rates appeared first on Motley Fool Australia.

  • How to invest for the future
    Motley Fool

    How to invest for the future

    Here are a few things to think about before you start to invest for your children's future in 2020.The post How to invest for the future appeared first on Motley Fool Australia.