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BHP Group Plc : Production and cost guidance maintained which will require a flawless performance in Q4. Adjustment of capex will be for 2021

>Maintaining of production guidance validates an ambitious Q4 - China has shown signs of recovery in recent weeks, especially regarding heavy industries. Management confirmed that its backlog is well stocked (blast furnace utilisation rate in China at 79% in April vs 73% at the beginning of the year, low iron ore stocks in Chinese ports). Management logically expects the rest of the world to be significantly impacted by the pandemic, hence a marginal adjustment of the...
Underlying
BHP Group Plc

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.

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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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