BHP Group Plc : 2020-21 earnings set to be solid. Generous cash returns in prospect. What about the fate of the Petroleum division?
>2020-21 production in line with expectations - BHP's 2020-21 production (year to end-June) was broadly in line with our expectations, with copper equivalent production largely stable relative to last year. Production at Western Australia Iron Ore (WAIO) division was solid (+2% at 253.5 Mt) thanks to the ramp-up of South Flank and reliable operating capacity. Escondida (copper), meanwhile, benefited from a solid performance from the concentrator (-10% at 1,068kt) whic...BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
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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