BHP Group Plc : Q2 2021-22 production prints on the low side but overall production and cost guidance are maintained
>Q2 2021-22 production comes in on the low side - BHP’s Q2 2021-22 production report (FY ending June) came in below our expectations. Group copper equivalent production decreased 4% y-o-y in Q2 2021-22 largely due to lower copper and metallurgical coal volumes. Production at the copper division (23% of FY 2020-21 EBITDA) fell 15% y-o-y to 365.5 kt (ODDO BHF: 429.6 kt; Q1 2021-22: 377 kt) on the back of lower volumes at Olympic Dam due to smelter maintenance, while Es...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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