BHP Group Plc : Production guidance (now) looks conservative. Upward revision to our estimates. Neutral rating maintained
>Q2 2020-21 production (ultimately) better than expected - BHP's production in Q2 2020-21 (FY end June) was broadly in line with our expectations with copper equivalent production in H1 broadly stable compared to last year. Production at Western Australia Iron Ore (WAIO) was strong (+6% in H1 at 128.4 Mt) at an annualised rate of 257 Mt above the annual guidance (244-253 Mt). Management is cautious on H2 due to the cyclone season, maintenance operations and continued...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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