BHP Group Plc : Q3 production mostly consistent with FY 2019-20 guidance. Capex cuts I prospect
>Q3 production overall consistent with management guidance - BHP Q3 2019-20 (financial year ending in June) came in broadly in line with our expectations. Group copper equivalent production was broadly unchanged over 9M 2019-20 and is now expected to be in line with last year (previous guidance was slightly up). At the Petroleum division (16% of FY 2019 EBITDA) Q3 production fell short of our expectations at 25 MMboe (i.e. -11% q-o-q) due to increased downtime at Bass...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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