Broken Hill Proprietary Company
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| Public | |
| Traded as | : : BHP : BBL ASX: BHP JSE: BIL FTSE 100 Component |
| Industry | Metals and Mining |
| Founded | Broken Hill Proprietary Company Limited (BHP) 1885; Billiton plc 1860; Merger of BHP & Billiton 2001 (creation of a DLC) |
| Headquarters |
Melbourne, Australia (BHP Billiton Group & BHP Billiton Limited) London, United Kingdom (BHP Billiton plc) |
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Area served
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Worldwide |
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Key people
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Jacques Nasser AC (Chairman) Andrew Mackenzie (CEO) |
| Products | Iron ore, coal, petroleum, copper, natural gas, nickel & uranium |
| Revenue | A$30.9 billion (2016) |
| US$6.2 billion (2016) | |
| Profit | US$6.2 billion (2016) |
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Number of employees
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65,000 (2017) |
| Website | www |
BHP, the trading entity of BHP Billiton Limited and BHP Billiton plc and formerly known as BHP Billiton, is an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia. Founded in 1885 in the isolated mining town of Broken Hill, it was the world's largest mining company measured by 2015 market values and Australia's fourth largest company (by revenue), formerly the largest.
BHP Billiton was formed in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc. The result is a dual-listed company. The Australia-registered BHP Billiton Limited, which has equal financial share in the company, has a primary listing on the Australian Securities Exchange and is one of the largest companies in Australia measured by market capitalisation. The English-registered BHP Billiton plc has a primary listing on the and is a constituent of the FTSE 100 Index.
In April 2017 activist hedge fund manager Elliott Advisors proposed a plan for BHP to spin off its American petroleum assets and significantly restructure the business, including the scrapping of its dual Sydney-London listing, suggesting shares be offered only in the United Kingdom., while leaving its headquarters and tax residences in Australia where shares would trade as depositary instruments. At the time of the correspondence Elliott held about 4.1 percent of the issued shares in London-listed BHP Billiton PLC, worth $3.81 billion. Australia's government warned it would block moves to shift BHP's stock listing from Australia to the United Kingdom. Australian Treasurer Scott Morrison said the move would be contrary to the country's national interest and would breach government orders mandating a listing on the Australian Securities Exchange. BHP dismissed the plan saying the costs and risks of Elliott's proposal outweighed any potential benefits.
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Wikipedia