BHP is a world-leading resources company. They extract and process minerals, oil and gas, with more than 62,000 employees and contractors, primarily in Australia and the Americas. Their products are sold worldwide, with sales and marketing led through Singapore and Houston, United States. Their global headquarters are in Melbourne, Australia.
They operate under a Dual Listed Company structure with two parent companies (BHP Billiton Limited and BHP Billiton Plc) operated as if they were a single economic entity, which they refer to as BHP. They are run by a unified Board and management.
Their corporate purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources. They do this through their strategy: to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.
They are among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. They also have substantial interests in oil, gas and energy coal.
Structure and Strategy
Their strategy is to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.
They have a simple and diverse portfolio of tier one assets around the world, with low-cost options for future growth and value creation. This allows them to apply their values and culture, emphasise safety and productivity, deploy technology and exert capital discipline to extract the most value and the highest returns from their assets.
Their Operating Model allows them to leverage their expertise across their business, with multifunctional teams that connect across the organisation to share best practice, make them safer and solve problems together.
They are among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. They also have substantial interests in oil, gas and energy coal.
Consistent with their strategy, they have a plan to grow the value of BHP. This plan is focused on six key areas:
Cost efficiencies – focused on further gains
Latent capacity – attractive returns, limited risk
Major projects – timed for value and returns
Exploration – positive results reduce risk for future wells
Technology – improves safety, lowers cost and unlocks resource
Onshore US – value and flexibility
