BHP Group Plc : Q1 performance unlikely to be repeated, Neutral rating
>Q1 2020-2021 better than expected, but Q2 will not be as good - Q1 2020-2021 production (July-September 2020) came in above our expectations (i.e. copper equivalent +2%) due in particular to the strong performance of the metallurgical coal and iron ore (Jimblebar mine) divisions. In contrast, management indicated that in Q2: 1/ the petroleum division would be affected by the exceptionally disruptive hurricane season in the Gulf of Mexico (GoM) as well as tie-in acti...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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