QUOTE AND NEWS
Market Intelligence Center  Feb 25  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on BHP Billiton PLC (BBL). Look at the Jun. '15 $50.00 covered call for a net debit in the $48.63 area. This trade has a duration of...
Wall Street Journal  Feb 24  Comment 
The U.S.’s role as a so-called world swing oil producer won’t last long as its petroleum growth will peak sometime in the next decade and then go into decline, BHP Billiton PLC’s Tim Cutt said.
CNNMoney.com  Feb 24  Comment 
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Market Intelligence Center  Feb 11  Comment 
After Tuesday’s trading in BHP Billiton PLC (BBL) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 4.41% or 12.57% (for comparison purposes only), while providing 5.90% downside...
CNNMoney.com  Feb 10  Comment 
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CNNMoney.com  Jan 30  Comment 
Another day, another problem for Big Oil. Chevron on Friday became the latest energy company to scale back its ambitions this year due to falling oil prices.
CNNMoney.com  Jan 29  Comment 
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CNNMoney.com  Jan 21  Comment 
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The Hindu Business Line  Jan 15  Comment 
Former Australia Test fast bowler Brett Lee today announced that he will retire from all forms of cricket following the conclusion of the Big Bash League (BBL), thereby drawing curtains to his ill...
Market Intelligence Center  Jan 8  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on BHP Billiton PLC (BBL) that includes 7.80% downside protection. Sell one contract of the Jun....




RELATED WIKI ARTICLES
 

BHP Billiton plc is the London corporate office for BHP Billiton Group. Though its shareholders differ from BHP Limited it shares direct control of the company with Australia based BHP Limited (board of directors and management however only a minority of them are appointed from BHP Billiton plc due to its smaller market value). The plc designation came from before the 2001 merger of BHP and Billiton when Billiton had its central office in London. BHP Billiton plc is listed on exchanges in London, USA and South Africa. BHP Billiton's market cap is about 20% smaller than its counterpart BHP Billiton.

The division, the British part of the enlarged company is the source of much of BHP Billiton's present coal, aluminum and titanium operations. The larger BHP contributed the oil, copper and diamond businesses.

Complete information on the company is at BHP Billiton Limited's article BHP Billiton

Brief company overview

pg.63 in'10 20F[1] % share 2010 2009 2008
diamonds (mil ct)80%3.0503.2213.341
titanium '000 T37.76%434654643
nickel '000 T100%176.2173.1167.9
cobalt T100%1001,4001,700
iron ore (mil T)85%124.962114.415112.260
manganese mil T44.4%-60%6.1244.4756.575
meta coal Mt24.6Mt50%
13Mt80-100%
37.38136.41635.183
energy coal Mt100%
(33%Colombia)
66.13166.40180.868

Even though BHP Billiton is by far the world's biggest resource company it has yet to develop and begin operating key assets (including the AUS$1.3 trillion Australian olympic dam deposit). Because of that the range of products it receives revenue from is not as diverse as it is for competitors like Rio Tinto; BHP has $133 billion worth of gold at olympic dam but in 2010 the company recorded no gold production (Rio Tinto produced 733,000 ounces of gold in fiscal 2010). For example iron ore, base metals, coal, petroleum and aluminum account for 85.2% of BHP Billiton's revenue but only 68.0% of assets.

Production (revenue, ebit, assets)

Despite production of some key products being down or flat for 2010 revenue was at a record high, the result of very strong commodity prices (with the exception of coal, for coal revenue was down 29.3% even though production (metallurgical and energy coal together) rose 0.7%). Rising prices also helped the bottom line; revenue was up 5.2% even though core expenses were down 13.9% (operating profit showed excellent results but earnings before taxes were pushed down; they were basically steady on the year).[1]

Merger of BHP Limited and Billiton plc

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The merger happened in May 2001 and formed the largest diversified resources company in the world. Though the combined company was to have its main headquarters in Melbourne, Australia the deal got more support from England's Billiton (91.5% compared to 88.2% from BHP). BHP workers showed up in the thousands to protest the deal citing potential job losses. At the time Australia was the most important region of operations for the combined company making up 37% of total assets and 52% of revenue (revenue includes other operations in Asia). For the first year revenue was around US$18.6 billion and ebit US$3.3 billion (that compares to US$52.8 billion in 2010 revenue and US$19.7 billion in ebit).[2]

Shareholders (June 2010)

Australia and England are the main sources of investment with 97.87% (99.05% including New Zealand) of BHP Limited shares owned by Australians and 79.7% of BHP plc shares owned by people in England (97% of shares outside of England are owned in South Africa). 69% of BHP Limited is corporate owned while 99.36% of BHP plc is corporate owned.[1]

References

  1. 1.0 1.1 1.2 BHP Billiton 2010 20 F Annual Report page 11, 245 (2010).
  2. BHP shareholders say yes to Billiton merger (2001-05-20).
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