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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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|---|---|---|---|---|---|
| 8.00 | 0.32% | 2,493.00 | 955,662 | 16:35:27 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2,491.00 | 2,493.00 | 2,519.50 | 2,473.00 | 2,496.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 54.19B | USD 12.92B | USD 2.5513 | 12.33 | 159.28B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:05:54 | O | 57,679 | 2,493.154 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/12/2023 | 07:56 | ALNC |  TOP NEWS: BHP taps Vandita Pant as new financial chief in reshuffle |
| 07/12/2023 | 07:00 | UKREG | BHP Group Limited CFO and Executive Leadership Team Update |
| 07/12/2023 | 00:30 | DJN | BHP CFO Steps Down in Executive Reshuffle -- Update |
| 06/12/2023 | 23:21 | DJN | BHP CFO Steps Down Amid Executive Reshuffle |
| 10/11/2023 | 07:13 | UKREG | BHP Group Limited Director/PDMR Shareholding |
| 03/11/2023 | 09:04 | UKREG | BHP Group Limited Director/PDMR Shareholding |
| 01/11/2023 | 07:00 | UKREG | BHP Group Limited Final Director's Interest Notice |
| 01/11/2023 | 06:11 | DJN | BHP CEO Says China Commodity Demand Robust Despite Economic Struggles --.. |
| 01/11/2023 | 04:31 | DJN | BHP CEO Says Jury's Out on China Recovery, But Commodity Demand Robust |
| 31/10/2023 | 09:10 | ALNC | TOP NEWS: BHP moves ahead with next phase of USD15 billion potash mine |
Bhp (BHP) Share Charts1 Year Bhp Chart |
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1 Month Bhp Chart |
Intraday Bhp Chart |
| Smart Money! BHP is a large holding in the following funds: | ||
| Fund | Percentage of Fund | Last Updated |
| BLACKROCK ENERGY AND RESOURCES INCOME TRUST plc | 4.30% | 2023-05-31 |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/12/2023 | 23:21 | BHP GROUP PLC EX BHP BILLITON | 1,725 |
| 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 | - |
| 11/2/2007 | 03:23 | Banjo's Hit Parade | 29 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-08 18:06:04 | 2,493.15 | 57,679 | 1,438,026.30 | O |
| 2023-12-08 18:06:04 | 2,493.00 | 166 | 4,138.38 | O |
| 2023-12-08 17:30:48 | 2,498.72 | 12,846 | 320,984.93 | O |
| 2023-12-08 17:27:23 | 2,500.97 | 1,542 | 38,564.96 | O |
| 2023-12-08 17:16:22 | 2,492.98 | 1,392 | 34,702.30 | O |
| Top Posts |
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Posted at 09/12/2023 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 2,485p.Bhp currently has 5,064,408,782 shares in issue. The market capitalisation of Bhp is £159,275,656,194. Bhp has a price to earnings ratio (PE ratio) of 12.33. This morning BHP shares opened at 2,496p |
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 19/8/2023 05:20 by garycook EARNINGS PREVIEW: UBS sees "downside risk" to BHP earnings consensus.UBS said it sees "modest downside risk" to BHP Group's financial 2023 consensus earnings, despite the diversified mining ending its fourth quarter on a solid note. The Swiss bank said BHP saw a "strong finish" to financial 2023, with record production achieved at Waio, Spence & Olympic Dam, but remained cautious on the firm's annual earnings outlook amid uncertain demand, higher costs, and higher capital expenditure. UBS said it sees an around 4% downside risk to financial 2023 consensus earnings before interest, tax, depreciation and amortisation and an around 6% downside risk to underlying earnings. It also expects BHP to trim its dividend payout to 60% of its financial 2023 earnings and its net debt to land in the "top half" of BHP's target range. UBS forecasts BHP's earnings before interest, tax, depreciation and amortisation will total USD27.6 billion in financial 2023. In financial 2022, BHP reported Ebitda of USD39.27 billion and underlying Ebitda of USD40.60 billion. BHP Group will release its results for the year ended June 30 on Tuesday at 0830 AEST. Berenberg forecasts financial 2023 revenue at USD54.7 billion, Ebitda at USD27.7 billion, and earnings per share at USD2.50. It predicts a final dividend of USD0.83 per share, or 65% of BHP's earnings, taking the full-year dividend to USD1.73 per share. "We think this is the end of the large dividends era, and the start of capital investment in new projects - management will not be drawn on [mergers & acquisition] strategy but we think there is more for BHP to do here," the bank said. Looking beyond results, Berenberg said it is keen to see "more management colour" in a number of areas on Tuesday. Berenberg said it was interested in hearing initial thoughts on the integration of the OZ Minerals assets and where BHP thinks it can create value, as well as commentary on the firm's nickel strategy, given that the financial 2024 guidance is "light". It is also looking more detail on the Spence plant in Chile, given financial 2024 guidance "underwhelm[ed]" and more detail on the production and cost outlook for Escondida in Chile, which Berenberg said has been "struggling somewhat". Finally, Berenberg is eager to hear the company's thoughts on capital allocation and its cost guidance for financial 2024. The stock is up 5.2% at AUD43.69 each in Sydney over the past 12 months. Was expecting 105 Cents Dividend. But we will see on Tuesday. |
Posted at 10/4/2023 18:31 by misca2 BHP Group Seeks to Delay $44B Brazil Dam Court Case in LondonMarch 30, 2023 Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday. The world’s biggest miner by market value is being sued by around 720,000 Brazilians over the 2015 collapse of the Fundao dam, owned by the Samarco joint venture it holds with Brazilian iron ore mining company Vale. BHP’s lawyers said the 2024 trial should be delayed to allow Vale to participate and to give BHP more time to go through an “enormous̶ Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse BHP’s lawyer Alexander Hutton argued in court filings that the trial should be adjourned until at least June 2025, saying that pushing ahead with a 2024 trial would be “extremely unfair” to BHP. A 14-month delay to the scheduled April 2024 start would take the trial well into 2025, a decade after the dam disaster that killed 19 people when mud and toxic mining waste swept into the Doce river, obliterating villages, contaminating water supplies and reaching the Atlantic Ocean more than 650 km (400 miles) away. BHP denies liability and in December applied to join Vale to the case. Vale has challenged the London High Court’s jurisdiction to determine the claim, which will be heard in July. Simon Salzedo, representing Vale, argued that BHP has no case against Vale and that, if it did, any lawsuit should be brought in Brazil. BHP said in a statement: “The UK case is unnecessary as it duplicates issues already covered by the ongoing work of the Renova Foundation and/or the subject of ongoing legal proceedings in Brazil.” Reparation and compensation programs implemented by the Renova Foundation funded $6 billion in financial aid by the end of 2022, BHP added. “When the lengths of the different phases are added up, it is apparent that BHP envisage a trial process that will extend closer to 2030 than to 2025, particularly if there should be appeals,” Tom Goodhead of law firm Pogust Goodhead, which represents the claimants, said in a witness statement submitted to the court. The lawsuit, one of the largest in English legal history, first began in 2018 and was thrown out of court two years later, before the Court of Appeal ruled in July that it could proceed. BHP has applied to the Supreme Court to end the case without trial following the Court of Appeal’s decision last year. Lawyers representing the claimants said earlier this month that the number of claimants had increased by around 500,000, pushing the potential bill to $44 billion, including interest, if they are successful in the case. (Reporting by Clara Denina and Sam Tobin, additional reporting by Kirstin Ridley; editing by Jane Merriman and Mark Potter) |
Posted at 19/11/2022 09:18 by la forge OZ Minerals close to accepting BHP’s revised takeover offer of $6.4bnBy NS Energy Staff Writer 18 Nov 2022 According to BHP, the proposed transaction will enable the creation of a copper basin in South Australia which could tap potential operational synergies driven by the proximity that OZ Minerals’ Carrapateena and Prominent Hill operations have with its own existing Olympic Dam asset and Oak Dam development resource OZ Minerals (OZL) said that its board intends to recommend a revised takeover proposal of A$28.25 ($18.95) per share in cash from BHP, which translates to an enterprise value of A$9.6bn ($6.44bn). The Australian mining company said that the proposed consideration is the best and final that BHP is willing to offer. OZ Minerals’ board has confirmed to BHP that it plans to recommend the revised proposal unanimously to the company’s shareholders as being in their best interests, in the absence of a superior proposal. The recommendation is also subject to the two mining firms executing a binding scheme implementation agreement (SIA) after BHP completes a confirmatory due diligence and an independent expert finds the revised proposal to be in the best interests of OZ Minerals’ shareholders. In August 2022, OZ Minerals rejected BHP’s takeover bid of A$25 ($16.8) per share in cash or A$8.34bn ($5.6bn) from BHP Group, citing that the proposed deal considerably undervalues its business. OZ Minerals managing director and CEO Andrew Cole said: “BHP’s Revised Proposal is a clear reflection of OZ Minerals’ unique set of highly strategic, quality assets in quality jurisdictions and an enviable multigenerational growth pipeline of copper and nickel assets in strong demand due to global electrification. “We look forward to working with BHP in a collaborative way to progress the Revised Proposal in the best interests of OZ Minerals’ and its stakeholders.” OZ Minerals is engaged in developing a portfolio of long life, low-cost copper-focused assets. It has two operating assets, which are the Prominent Hill copper mine and the Carrapateena copper mine, both located in Australia. The company and BHP have entered into a confidentiality and exclusivity deed with respect to the latter’s revised proposal. According to BHP, the proposed deal will enable the creation of a copper basin in South Australia which could tap potential operational synergies driven by the proximity of the Carrapateena and Prominent Hill operations with its own existing Olympic Dam asset and Oak Dam development resource. BHP CEO Mike Henry said: “BHP’s proposal represents a highly compelling offer for OZL shareholders, providing certainty at a time of macroeconomic uncertainty and market volatility, and increasing risks for the industry. “The combination of BHP and OZL’s assets, skills and technical expertise provides a unique opportunity not available under separate ownership, with complementary resources including the Oak Dam exploration prospect and existing facilities within close proximity, backed by BHP’s strong balance sheet, capital discipline and commitment to sustainable development.” |
Posted at 18/11/2022 08:13 by waldron TOP NEWS: BHP says Oz board backs raised offer of AUD28.25 per shareFri, 18th Nov 2022 07:32 Alliance News (Alliance News) - BHP Group Ltd said on Friday the board of Oz Minerals Ltd intends to recommend an improved takeover offer that values Oz at AUD9.6 billion. Oz is a gold, copper and nickel miner. It owns and operates the Prominent Hill and Carrapateena mines in South Australia. It also has an interest in the Pedra Branca copper-gold mine in Brazil. BHP, a Melbourne-based diversified miner, said it increased its non-binding indicative offer to AUD28.25 per Oz share in cash, representing a premium of 49% to Oz's closing price of AUD18.92 per share on August 5, when BHP tabled it initial offer. Back in August, BHP offered AUD25.00 per share in cash for Sydney-listed Oz, but the Oz board rejected it at the time. On Friday, Oz confirmed that its board intends to unanimously recommend BHP's revised offer to its shareholders. It said the takeover approach was in the best interest of its shareholders in the absence of a superior proposal. The two companies said on Friday they had entered into a confidentiality and exclusivity deed in relation to the revised proposal. Under this accord, Oz has granted BHP four weeks to undertake exclusive confirmatory due diligence and negotiate a binding agreement. The four-week period is expected to commence on or around Monday next week. BHP said its latest Oz offer represented its the "best and final" price it is willing to pay. Shares in BHP closed up 0.3% at AUD43.94 in Sydney on Friday, giving it a market capitalisation of AUD222.59 billion, about USD149.21 billion. Oz was up 4.0% to AUD27.34 in Australia, giving it a market capitalisation of AUD9.15 billion. BHP said Oz might pay a franked dividend to Oz shareholders before the deal is implemented. The revised proposal is subject to conditions including completion of due diligence, and shareholder and regulatory approvals. "The cash consideration price under the revised proposal will be reduced by the cash component of any dividends or return of capital paid by OZL before the date of the implementation of the revised proposal," BHP said. BHP Chair Ken MacKenzie said: "BHP's proposal would provide value to BHP shareholders by increasing exposure to future facing commodities, attractive synergies and adding to our pipeline of growth options." Added BHP Chief Executive Mike Henry: "BHP's proposal represents a highly compelling offer for OZL shareholders, providing certainty at a time of macroeconomic uncertainty and market volatility, and increasing risks for the industry." By Artwell Dlamini; artwelldlamini@allia |
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 03/10/2022 06:22 by maywillow Release Time IMMEDIATEDate 3 October 2022 Number 32/22 2022 NOTICE OF MEETING BHP Group Limited (BHP) will hold its 2022 Annual General Meeting (AGM) at the Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia on Thursday 10 November 2022, starting at 10:00am (Perth time). The Notice of Meeting and Proxy Form can be accessed via BHP's website at bhp.com/limitedagm. The following documents have also been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: hxxps://data.fca.org - BHP Notice of Meeting 2022 - BHP Proxy Form 2022 (Australia) - BHP Proxy Form 2022 (South Africa) In accordance with Regulation 7.11.37 of the Australian Corporations Regulations 2001 (Cth), persons who are registered holders of shares in BHP as at 4:00pm (Perth time) on Tuesday 8 November 2022 will be entitled to attend and vote at the AGM as a shareholder. Share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the AGM. Shareholders entitled to attend and vote at the meeting have the right to appoint a proxy to attend and vote for them. The proxy does not need to be a shareholder of BHP and can be an individual or a body corporate. To appoint a proxy, shareholders must submit their proxy form no later than 10:00am (Perth time) on Tuesday 8 November 2022. The Proxy Form (Australia) available on BHP's website is only for use by shareholders who hold their shares in BHP directly on the Australian Securities Exchange (ASX). The way shareholders hold their BHP shares may have changed following the unification of BHP's dual listed company structure in January 2022. If shareholders hold BHP shares that are traded on an exchange other than the ASX, they can attend the meeting in person as a guest or watch the webcast online at bhp.com/limitedagm. Shareholders who hold BHP shares that are traded on an exchange other than the ASX and would like to vote on the resolutions that will be proposed at the AGM should do so in advance of the meeting by following the instructions set out in the Notice of Meeting. If shareholders would like more information about their shareholdings or how to participate in the AGM, please contact BHP's registrar Computershare via www.investorcentre.c Authorised for lodgement by: Stefanie Wilkinson Group Company Secretary |
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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