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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bhp Group Limited | LSE:BHP | London | Ordinary Share | AU000000BHP4 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| -10.00 | -0.49% | 2,050.00 | 17,336 | 08:50:35 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2,049.00 | 2,052.00 | 2,056.00 | 2,046.00 | 2,046.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 56.94B | USD 7.9B | USD 1.5575 | 25.50 | 104.45B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:48:06 | O | 10 | 2,050.445 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 07:00 | UK RNS | BHP Group Limited Director/PDMR Shareholding |
| 18/11/2024 | 08:31 | UK RNS | BHP Group Limited BHP Chilean copper investor site tour |
| 18/11/2024 | 07:00 | UK RNS | BHP Group Limited Director/PDMR Shareholding |
| 15/11/2024 | 12:48 | ALNC |  IN THE KNOW: BHP faces balance sheet pressure due to copper investment |
| 14/11/2024 | 16:26 | ALNC | UPDATE: BHP yet to see ruling on criminal charges in Fundao dam fiasco |
| 14/11/2024 | 15:44 | UK RNS | BHP Group Limited Samarco update - Acquittal of criminal charges |
| 14/11/2024 | 14:47 | ALNC | UPDATE: BHP, Vale cleared by Brazil court over 2015 dam disaster |
| 14/11/2024 | 14:24 | ALNC | TOP NEWS: BHP, Vale cleared by Brazil court over 2015 dam disaster |
| 12/11/2024 | 15:50 | UK RNS | BHP Group Limited Director/PDMR Shareholding |
| 07/11/2024 | 07:00 | UK RNS | BHP Group Limited Samarco Update - Ratification of Agreement |
Bhp (BHP) Share Charts1 Year Bhp Chart |
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1 Month Bhp Chart |
Intraday Bhp Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/11/2024 | 12:00 | BHP GROUP PLC EX BHP BILLITON | 1,868 |
| 12/9/2024 | 07:18 | Banjo's Hit Parade | 32 |
| 25/2/2021 | 14:53 | BHP Billiton | 67 |
| 18/4/2019 | 06:29 | BHP Billiton: Global Resources Giant | 46 |
| 16/4/2018 | 05:20 | But with chart | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:48:06 | 2,050.45 | 10 | 205.04 | O |
| 08:46:31 | 2,050.00 | 45 | 922.50 | AT |
| 08:46:01 | 2,047.00 | 10 | 204.70 | AT |
| 08:46:01 | 2,049.00 | 66 | 1,352.34 | AT |
| 08:46:01 | 2,049.00 | 156 | 3,196.44 | AT |
| Top Posts |
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Posted at 21/11/2024 08:20 by Bhp Daily Update Bhp Group Limited is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker BHP. The last closing price for Bhp was 2,060p.Bhp currently has 5,070,273,143 shares in issue. The market capitalisation of Bhp is £201,340,546,509. Bhp has a price to earnings ratio (PE ratio) of 25.50. This morning BHP shares opened at 2,046p |
Posted at 28/10/2024 13:16 by florenceorbis BHP, Vale, and Samarco reach $32bn settlement over 2015 Fundão dam disasterThe settlement includes $7.9bn already spent on remediation and compensation, $18bn to be paid in instalments over 20 years to Brazilian authorities and communities, and $5.8bn in additional obligations to be fulfilled by Samarco Refna Tharayil NSENERGY 28th Oct 2024 Brazil and mining companies reach $32bn settlement over 2015 Fundão dam disaster. The Brazilian federal government, together with the States of Minas Gerais and Espirito Santo, has secured a $31.7bn settlement with mining company Samarco Mineração over the 2015 Fundão dam collapse in Brazil. Samarco is a 50-50 joint venture (JV) between BHP Billiton Brasil and Vale. The JV owned and operated the Fundão tailings dam at the Germano iron ore mine of the Samarco Mariana mining complex. In its 2024 annual report, BHP said that the companies have been in discussions with Brazilian authorities since early 2021 to reach a comprehensive resolution on the existing framework agreement obligations, the Federal Public Prosecution Office’s civil claim, and additional claims. These negotiations were overseen by the Brazilian Federal Court of the 6th Region and the National Court of Justice, with support from a court-appointed mediator and participation from the public prosecutors and defenders. BHP CEO Mike Henry said: “Today’s signing of a comprehensive agreement with the Brazilian government and public authorities is an important reflection of that commitment. “It delivers expanded and additional programs for the environment and for the people, including designated funding for the health system, economic recovery, improved infrastructure and extensive compensation and income support measures, including for farmers, fisher people and Indigenous and Traditional communities.” The settlement includes the $7.9bn already spent on remediation and compensation as of 30 September 2024, along with $18bn to be paid in instalments over 20 years to Brazilian authorities, municipalities, Indigenous peoples, and traditional communities. Further obligations valued at $5.8bn will be implemented by Samarco under the terms of the agreement. BHP Brasil’s estimated financial outflow under this settlement aligns with its FY2024 provision of $6.5bn for the dam failure. Key terms of the agreement allocate resources to critical social and environmental programmes. The compensation for indigenous and traditional communities will total $1.4bn. Samarco will serve as the primary obligor under the terms of the settlement, with BHP Brasil and Vale each bearing secondary liability for any unmet obligations based on their ownership shares at the time of the disaster. The settlement’s payment schedule requires an initial instalment within 30 days of court confirmation, followed by payments every six months and annually over a period of 20 years. Obligations are expected to be completed over approximately 15 years, with $1.2bn projected for FY25, $2.6bn for FY26, and $600m for FY27. The settlement agreement is subject to approval from the Brazilian Supreme Court. |
Posted at 25/10/2024 17:22 by waldron BHP, Vale agree to pay $30bn compensation for Brazil dam disasterThe dam collapse triggered a giant mudslide that swamped villages, rivers and rainforest, killing 19 people (Douglas Magno) AFP Fri, 25 October 2024 at 6:01 pm CEST 2 min read Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in compensation for a 2015 dam collapse that triggered the country's worst environmental disaster. President Luiz Inacio Lula da Silva attended the signing of the deal over the collapse of a tailings dam at a mine in the southeastern town of Mariana, which triggered a giant mudslide that swamped villages, rivers and rainforest, killing 19 people. "I hope the mining companies have learned their lesson: it would have cost them less to prevent (the disaster), much less," Lula said after a ceremony attended by representatives of Brazil's Vale and Australia's BHP, co-owners of the Brazilian company Samarco that operated the Fundao dam. The agreement comes on the fifth day of a mega-trial in London over whether BHP was liable for the spillage of over 40 million cubic meters of highly toxic mining sludge, the equivalent of 12,000 Olympic swimming pools, on November 5, 2015. More than 620,000 complainants, including 46 Brazilian municipalities, are seeking an estimated £36 billion ($47 million) in damages in the civil trial. BHP denies responsibility. BHP and Vale had already agreed in 2016 to pay 20 billion reais (about $3.5 billion at today's rate) in compensation, but the negotiations were re-opened in 2021 due to what the government called their "non-compliance" and the slow progress of Brazil's justice system in resolving the dispute. Friday's agreement in Brazil covers their past and future obligations to assist people, communities and ecosystems affected by the disaster. The companies agreed to pay 100 billion reais (17.5 billion dollars) to local authorities over twenty years and 32 billion reais ($5.6 billion) towards compensating and resettling the victims and repairing the harm caused to the environment. The remaining 38 billion reais ($6.6 billion) is the amount that the companies say they have already paid in compensation. raa/app/cb/bjt |
Posted at 27/8/2024 14:20 by sarkasm BHP reports 39% drop in FY24 attributable profit to $7.9bnThe Australian mining and metals company’s revenue for FY24 was $55.6bn, an increase of 3% compared to the revenue of $53.82bn in FY23 Staff Writer 27th Aug 2024 NSENERGY BHP’s attributable profit in FY24 drops 39% to $7.9bn. (Credit: BHP) BHP has reported an attributable profit of $7.89bn for the company’s financial year ended 30 June 2024, a 39% decrease from $12.92bn in the previous financial year. This decline was primarily attributed to an after-tax loss of $5.8bn, driven by a $2.7bn impairment of Western Australia Nickel and a $3.8bn charge related to the Samarco dam failure. In addition, the loss was partially offset by a post-tax gain of $700m from the disposal of the Blackwater and Daunia metallurgical coal mines in Australia. The Australian mining and metals company’s revenue for FY24 was $55.66bn, an increase of 3% compared to the revenue of $53.82bn in FY23. BHP’s growth in revenue is driven by higher realised prices in iron ore and copper, with sales volumes increasing by 3% and 5%, respectively. Its basic earnings per share for FY24 was $1.6, a decrease of 39% compared to that of the prior financial year. For FY24, BHP’s profit from operations was $17.53bn, which is 24% low compared to $23bn in FY23. The company’s net operating cash flow increased 11% to $20.66bn in the reported financial year. In the prior financial year, BHP’s net operating cash flow was $18.7bn. BHP’s underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) for FY24 were reported at $29bn, up from $27.95bn in FY23, representing a 4% increase. The company’s production totalled 1,865 kilotonnes (kt) of copper, 260 million tonnes (mt) of iron ore, 22.3mt of steelmaking coal, 15.4mt of energy coal, and 81.6kt of nickel in FY24. BHP aims to increase its copper production by an additional 4% in FY25. BHP CEO Mike Henry said: “BHP delivered a strong set of results in FY24 on the back of solid operational performance. We delivered record volumes at Western Australia Iron Ore, where we extended our lead as the world’s lowest cost iron ore producer. “Across our global copper assets, we grew overall copper volumes by 9% for the second consecutive year and expect to deliver a further 4% in FY25.” |
Posted at 27/8/2024 08:07 by sarkasm TOP NEWS: BHP cuts dividend as annual profit falls 25% amid high costsTue, 27th Aug 2024 08:28 (Alliance News) - BHP Group Ltd on Tuesday lowered its dividend after its annual profit declined by a quarter, reflecting volatile commodity prices and rising costs. The Melbourne-based miner said pretax profit slumped 25% to USD16.04 billion for the financial year that ended June 30 from USD21.40 billion a year earlier, as it faced escalating costs. Expenses, excluding net finance costs, rose 15% to USD36.75 billion from ZAR31.87 billion. Loss from equity accounted investments, related impairments and expenses was USD2.65 billion, swung from profit of USD594 million. Revenue rose 3.4% to USD55.65 billion from USD53.81 billion, driven mainly by higher prices of iron ore and copper. These rises were partially offset by lower energy coal and nickel prices, and lower steelmaking coal volumes following the divestment of Blackwater and Daunia mines in April. BHP said its external operating environment in 2024 financial remained relatively volatile, with key commodity prices mixed. Underlying earnings before interest, tax, depreciation and amortisation was up 3.6% to USD29.0 billion from USD28.0 billion. BHP declared a final divided of 74 US cents, down 7.5% from 80 cents. This dragged down by 14% its total annual payout to 146 cents from 170 cents. Earnings per share dropped 39% to 155.8 cents from 255.2 cents. BHP said it has a pipeline of copper projects under development in Chile and Australia. The negative impact of inflation on its cost base continues to recede, but some elements remain a concern, the company said, adding it expects the lagged effect of inflation to continue to flow into 2025 financial. The labour market remains a core inflationary concern, it warned. Over the long term, the outlook for its key commodities remains positive, BHP said. BHP shares were up 1.4% to 2,109.00 pence in London and up 0.3% at ZAR493.00 in Johannesburg early Tuesday. They closed up 1.3% at AUD41.35 in Sydney. By Artwell Dlamini, Alliance News reporter Comments and questions to newsroom@alliancenew |
Posted at 30/12/2023 15:32 by zho Hmmm. It works for me using Google, but not other search engines. Anyway, here it is, omitting graphs:It's time to buy the 'Big Australian' This mining colossus is a smart, long-term option with its clear focus on a slimmed-down set of metals and fertiliser At the risk of anthropomorphising a digger of rocks, BHP (BHP) comes across as the most relaxed of the major miners. While it is the sector’s largest by market capitalisation, the ‘Big Australian’ has kept to its antipodean roots while Rio Tinto (RIO) looks to massively expand its iron ore output with the Simandou mine in Guinea and Glencore (GLEN) shifts beyond its current coal, copper, cobalt and trading remit with a company split in two years. BHP has used its healthy balance sheet to both buy smaller miners and build organically, but has kept to well-travelled paths. This year’s OZ Minerals buyout has added reserves near the Olympic Downs mine in South Australia, while its next mega-mine is the Jansen fertiliser project in Canada. Meanwhile, BHP plans to sell its stakes in two metallurgical coal mines in Queensland for $4bn (£3.14bn), following the spin-off of the remaining BHP Petroleum assets into Woodside Energy (AU:WDS). Much of this action may have passed by UK investors, after BHP folded its UK plc legal structure into its Australian limited company entity two years ago, prompting its exit from the FTSE 100. Shorn of its index membership, but with a reshaped portfolio, BHP’s recent share price weakness belies a more compelling company later this decade (providing price forecasts for its major commodities support ongoing investments, of course). Near-term hurt Even with a strong – though flattening – iron ore price, investors have shied away from BHP and Rio Tinto this year. This points to scepticism that a price of more than $120 a tonne can hold, given shakiness in the Chinese construction sector. For BHP, results for its June-end financial year did not give investors much to get excited about, given the fall in earnings and a decline in the final dividend to 80¢ a share, down from 175¢ in 2022. Analyst forecasts are for sales to remain flat this year, at around $28bn each half – well short of the $35bn peak in the first half of the 2022 calendar year. This has been driven by both lower prices and some operational slowdowns. The Escondida mine in Chile, the world’s biggest copper mine, has seen production bounce around month on month. In October, the most recent period for which output is available, production was at the rate of 1mn tonnes a year, down a sixth in a month. Full-year guidance is currently slated for between 1.08mn and 1.18mn tonnes. This comes after costs climbed 17 per cent last year, which chief executive Mike Henry has described as “a solid outcome in the context of what other producers are experiencing”. Iron ore has been stronger. Henry cited “$5 more per tonne in free cash flow than that reported by our largest competitor” as an indicator of BHP’s relative performance. Expansion is also planned for the key Pilbara iron ore complex, with output for this year guided at 282mn to 294mn tonnes, on route to medium-term capacity of 305mn and eventually 330mn tonnes. Growing plans In the meantime, there is plenty on Henry’s desk already. On top of running the copper and iron ore units and fighting rising costs, there is the Jansen build and the various OZ Minerals additions in South Australia. The company has hitched its wagon to four materials for the coming decade: iron ore, copper, nickel and potash. By contrast, Rio Tinto is moving into lithium, and is committed to finally building the sprawling Simandou project in Guinea. It’s partly this asset that brightens BHP’s relative appeal. Rio Tinto will spend billions on funding a new railway to get the ore to port and has already experienced much grief operating in Guinea. The project’s partners, mostly Chinese, are pushing hard to get moving in a bid to ramp up non-Australian iron ore supply. First output is now expected in 2025, and could eventually produce 200mn tonnes a year – equivalent to 10 per cent of the market. |
Posted at 18/9/2023 19:17 by ariane Labor’s work laws will cut dividends, BHP warnsPeter Ker and Tom Richardson The Review Sep 18, 2023 – 7.00pm BHP has warned investors dividends will suffer under the Albanese government’s “same job same pay” agenda, which the miner expects will strip more than $1.3 billion from its annual earnings based on a conservative reading of the bill, equivalent to 5000 jobs. The nation’s biggest company vowed to “continue to argue the case” against the policy while seeking to mobilise support from its army of direct and indirect shareholders on Monday, which it estimated at close to 17 million Australians. BHP’s chief financial officer David Lamont. Carla Gottgens But Workplace Minister Tony Burke signalled he was up for the fight with BHP and its income hungry investors, saying that most companies did not rely on the sort of “loopholesR BHP is vulnerable to the government’s proposed “Closing Loopholes” amendment to the Fair Work Act because it employs about 4500 maintenance and production workers through its “Operations Services” subsidiaries, which typically pay lower wages than the BHP subsidiaries that directly own the company’s mines. The bill seeks to ensure workers employed under structures like BHP’s Operations Services get the same pay as colleagues on different workplace agreements. It is expected to affect companies like Downer and Qantas. BHP warned in May that the policy would increase its costs by $1.3 billion a year, a claim that was dismissed by the government in the explanatory memorandum attached to the bill when it was tabled in parliament on September 4. But on Monday, BHP chief financial officer David Lamont said the $1.3 billion estimate was probably conservative given the bill was broader than originally expected. “The original estimate that we did have of $1.3 billion, we think now is actually light on,” said Mr Lamont during a shareholder webinar. BHP did not initially assume the laws would be extended to service providers like Downer and Thiess, which may also be captured according to paragraph 558 of the memorandum. “This will have a direct impact to our shareholders,” said Mr Lamont. “$1.3 billion will come directly off our earnings each year that will then flow directly to dividends, we estimate that to be about 30¢ on a dividend payout.” BHP declared fully franked dividends worth $US1.70 a share, or about $US8.7 billion ($13.5 billion), for the year to June 30, – the fourth-biggest annual payout in the miner’s history. Mr Lamont’s 30¢ estimate is a hypothetical figure based on the policy being in place in the 2023 financial year, and BHP absorbing a $1.3 billion hit to earnings. The past five years have marked a golden era for shareholder returns at BHP amid high commodity prices and an inflationary backdrop that has ensured resource producers are price makers, not price takers. Mr Lamont hinted that jobs could also be affected if BHP sought to mitigate the financial impact of the policy. “Another way to look at it; that $1.3 billion is equivalent to about 5000 jobs in BHP,” he said. BHP’s estimate that it has about 17 million shareholders includes those who are underlying investors through their superannuation accounts. Speaking on the same webinar, BHP’s Minerals Australia president Geraldine Slattery said the proposed laws would “cut short” a large number of Australian workers. “For shareholders it is something you should be very concerned about,” she said. Mr Burke said the reforms would only compel BHP to pay rates it had already agreed to pay some of its staff under workplace agreements. “It’s odd that a company would be alarmed at having to pay the rates of pay it has already agreed to,” he said. “Most businesses in Australia don’t use this loophole. There are very few workplaces where the hourly rate for a casual is lower than the rate for a permanent worker.” Plato Investment Management managing director Don Hamson said the imposition of higher costs on BHP would inevitably lead to lower profits, lower dividends and perhaps a lower valuation for BHP shares. “Ultimately if this is a permanent reduction in earnings this will equal a capital reduction as well in the value of shares, so shareholders will get a double whammy of less capital value and less income along the way,” he said. Mr Hamson said lower profits would also mean BHP would pay less tax. “Somebody might be better than someone else at the same job. I don’t pay all my staff the same as some are more productive than others, and have different skills or experience in similar roles,” he said. The nation’s biggest industry super fund, AustralianSuper, declined to comment. |
Posted at 28/8/2023 12:42 by loganair Where next for the BHP dividend?Following the release of the miner’s results, analysts at Goldman Sachs have been adjusting their forecasts and have now included their expectations for FY 2028. First up, in FY 2024, the broker is now expecting the BHP dividend to come in lower at 119 US cents (185.4 Australian cents) per share. Based on the current BHP share price of $43.02, this implies a dividend yield of 4.3%. Goldman then expects another cut to 106 US cents (165.1 Australian cents) per share in FY 2025. This will mean a yield of 3.8% for income investors. The trend is expected to continue in FY 2026, with the broker forecasting a 97 US cents (151.1 Australian cents) per share dividend from BHP. This equates to a 3.5% dividend yield. A final (modest) cut is then forecast in FY 2027 to 96 US cents (149.5 Australian cents) per share. This would mean a yield of 3.45% for investors. Finally, the broker believes it will be time to increase the BHP dividend in FY 2028. It has pencilled in a fully franked 101 US cents (157.3 Australian cents) per share dividend for that financial year. This represents a 3.65% dividend yield. In summary, that will be: FY 2024 – 119 US cents FY 2025 – 106 US cents FY 2026 – 97 US cents FY 2027 – 96 US cents FY 2028 – 101 US cents Positives: Exposure to a diverse portfolio of commodities. A focus on shareholder returns. Negatives: Economic outlook uncertainty. Western tensions with major customer China. |
Posted at 15/10/2022 12:41 by ariane Here’s the BHP dividend forecast for 2022 to 2024This mining giant has paid out some huge dividends recently. Here, Edward Sheldon looks at the BHP Group dividend forecast for the years ahead. Edward Sheldon, CFA❯ Published 15 October, 8:47 am BST Mining powerhouse BHP Group (LSE: BHP) has been a bit of a cash cow for investors in recent years. Last financial year, for example, it rewarded shareholders with total regular dividends of USD $3.25 per share, which translates to a yield of about 13% at the current share price. Is the company set to continue paying out monster dividends going forward? Let’s take a look at the BHP dividend forecast for the years ahead. BHP dividend forecasts First, there are a couple of things to explain. The first is that BHP’s financial year ends on 30 June. So, the year ending 30 June 2023 is ‘FY2023’ The second is that BHP reports its financials, and declares its dividends, in US dollars. So, all forecasts are in dollars. This is important to note because the GBP/USD exchange rate is quite volatile at the moment. In other words, the yield on offer today could be quite different to the yield when the dividends are actually paid if exchange rates fluctuate. As for the forecasts, right now City analysts expect BHP to pay out $2.09 per share for FY2023 and $1.86 per share for FY2024. These projected payouts are lower than the $3.25 paid last financial year. However, they still translate to very high yields. At today’s share price and exchange rate, the projected payout for FY2023 equates to a prospective yield of 8.3% while the estimated payout for FY2024 translates to a prospective yield of 7.4%. Assuming that these dividend forecasts are accurate (analysts’ estimates can be way off the mark at times), BHP looks set to continue being a cash cow for investors. Are BHP shares worth buying for income? Would I buy BHP shares for the big dividends on offer? The answer to that question is actually no. One reason I’d pass on BHP is that the stock is ‘cyclical̵ I don’t see the point of collecting a 8% yield if the share price can potentially fall around 70% like it did here. I’d need many years of dividends to make up for that kind of capital loss. I prefer dividend stocks that are a little more stable in nature. Another issue for me is the fact that BHP tends to cut its dividend when business conditions are challenging. This is not ideal from an income-investing perspective. I prefer to invest in companies that consistently increase their dividend payouts year after year. I can rely on these kinds of businesses to provide me with a certain level of income. So, while the yield here does look very attractive, I won’t be buying the shares for my portfolio any time soon. Ed Sheldon has no position in any of the shares mentioned. The Motley Fool UK |
Posted at 31/7/2022 07:05 by loganair 25 July 2022 - Potash potential:BHP is working on a major potash project. Potash is seen as a greener form of fertiliser. It said that it’s “low emission, biosphere friendly and positively leveraged to decarbonisation̶ The resource business describes potash as a “future facing commodity with attractive long-term fundamentals and differentiated demand drivers” compared to other commodities. BHP said there is reliable base demand, leveraged by population growth and higher living standards. The project provides a platform for growth through potential capital efficient expansions. Stage 2 studies for Jansen are being accelerated to provide maximum optionality. The business is expecting Jansen to be low cost and to be able to generate a high profit margin for BHP. Jansen is a reason to be positive on the BHP share price over the long term. |
Posted at 01/6/2022 07:37 by waldron Release Time IMMEDIATEDate 1 June 2022 Release Number 19/22 Merger completion and in specie distribution BHP Group (BHP) is pleased to announce that the merger of BHP's oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today. BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHP's announcement on 20 May 2022. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.76 [1] . The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share. As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. This reflects the net cash flows generated by BHP Petroleum, less cash dividends paid by Woodside to BHP, between the Merger effective date of 1 July 2021 and completion. This net payment to Woodside will be subject to a customary post-completion review which may result in an adjustment to the amount paid. BHP Chief Executive Officer, Mike Henry said: "The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. BHP's world class portfolio is weighted towards commodities which support economic growth and have decarbonisation upside and combined with our operational excellence will underpin attractive returns and long-term value growth." Trading of Woodside shares and depositary interests Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows : 2 June 2022 New Woodside shares on ASX Woodside American depository shares on NYSE 6 June 2022 Woodside depository interests on LSE -------------------- Sale facility For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders. Authorised for lodgement by: Stefanie Wilkinson Group Company Secretary |
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