BHP has global mining operations in every major commodity including oil, gas, and copper.
But make no mistake: BHP remains a juggernaut in mining traditional commodities. It earns about 40% of its profits from iron ore, and 20% each from oil, coal, and copper. Those proceeds are then measured against a set of capital-spending rules that determine how much should be returned to shareholders, and how much should be allocated to finding new opportunities.
"I think shale has been a great success. And I think it'll remain that way for gas. But a lot of the shale oil developments we were a part of until we sold came as a result of people being a bit depressed by the low gas prices, because there was so much gas. I think this might be a relatively temporary phenomenon. And when that's apparent, and there's a shortage of new oil production coming on, I think you might see a bit of spiking [in prices].
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
Weiterlesen »
Former Pimco CEO Douglas Hodge charged in major college cheating schemeHodge, who served as Pimco CEO from 2014 to 2016, allegedly agreed to use bribery to facilitate the admission of two of his children to the University of Southern California as athletic recruits.
Weiterlesen »
Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
Weiterlesen »
A definitive list of the 13 richest tech billionaires in the worldAmazon CEO Jeff Bezos tops the list of the richest tech billionaires in the world.
Weiterlesen »
Cramer on the shocker from GE's CEO: 'You dropped a bomb on my head'CNBC's Jim Cramer says was shocked by GE's CEO Larry Culp's modified expectations for the struggling conglomerate's near-term turnaround.
Weiterlesen »
Analysis | The Daily 202: Howard Schultz hopes to benefit from Michael Bloomberg's decision not to run for presidentAnalysis: Howard Schultz hopes to benefit from Michael Bloomberg's decision not to run for president
Weiterlesen »
Logitech can consider much bigger deals than before: CEOLogitech International could make much bigger deals than it has before to accele...
Weiterlesen »
Exxon Mobil CEO sets plan to boost spending; shares sinkExxon Mobil Corp said on Wednesday it plans to open its wallet and boost spendin...
Weiterlesen »
Amazon's 'Momazonians' demand back-up day care, say it's costing them promotionsThe working mothers want back-up day care from the company and say the lack of support has been costing them promotions.
Weiterlesen »
Facebook CEO says he'll double down on privacyMark Zuckerberg said Facebook will start to emphasize new privacy-shielding messaging services, a shift apparently intended to blunt privacy criticisms of the company. In effect, the Facebook co-founder and CEO promised to transform the service from a company known for devouring the personal information
Weiterlesen »