Report

BHP Group Plc : Q3 2021-22 production disappoints but overall FY 2021-22 production and cost guidance are maintained

>Q3 2021-22 production disappoints somewhat - BHP’s Q2 2021-22 production report (FY ending June) came overall below our expectations. Group copper equivalent production decreased 4% y-o-y in Q3 2021-22 mainly due to lower copper volumes. Production at the copper division (23% of FY 2020-21 EBITDA) decreased 6% y-o-y to 369.7 kt (ODDO BHF: 450.7 kt; Q3 2021-22: 366 kt) as the higher volumes at Olympic dam following completion of the smelter maintenance were offset by ...
Underlying
BHP Group Ltd

BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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