BHP Group Limited (BHP), often known as "BHP", is an Anglo-Australian multinational mining, metals and petroleum company. The company is headquartered in Melbourne, Australia and is recognized as one of the world’s largest miners of major commodities such as iron ore, metallurgical coal, copper and uranium. It also owns substantial interests in oil, gas, and thermal coal.
BHP was formed via a merger between Billiton Plc and BHP Limited in 2001, thus creating a dual-listed company structure under a single board of directors. The UK-based Billiton Plc was listed on the London Stock Exchange, and the Australia-based BHP Limited was listed on the Australian Securities Exchange. However, in 2018, the company simplified its structure to have only one class of shares, listed on both exchanges but incorporated and headquartered in Australia.
The company maintains a strong ethical focus, deeply ingrained in its values, including Sustainability, Integrity, Respect, Performance, Simplicity, and Accountability. BHP is committed to respect the environment, sourcing responsible and sustainable commodities, and contributing positively to the communities it operates in.
BHP plays a significant role in the global natural resources industry, producing various amounts of significant commodities to cater for energy and resources needs worldwide. Their strategic approach allows them to create long-term shareholder value while also considering the needs of the environment and the community holistically.
In 2021, BHP reported annual revenue of over $62 billion, maintaining its place amongst the most valuable companies in Australia. Today, with mining operations in Australia, Canada, Chile, United States, Brazil, Colombia, and Peru, among others, the company employs over 40,000 people and has operations and investments spread across more than 100 locations worldwide.
Over the years, BHP has continually embraced innovation and technology to improve their operations, including the use of automation and digital technology in mines to increase productivity while reducing environmental impact.
Despite the cyclical nature of its industries, BHP has shown resiliency, managing market fluctuations in commodity prices by adopting a disciplined and balanced investment approach. It continues to seek opportunities for growth and efficiency while maintaining safety standards and minimizing environmental impacts.
BHP's robust operational performance and initiatives towards sustainable development have positioned it as a global leader in the mining, metals and petroleum industry. Its vast contributions to the global supply of essential commodities bolster the company's pivotal role in enabling economic growth and societal development.