olivLaw · US equity research
BHP Group Limited BHP
Metal Mining · SIC 1000 · Vertical: Metal Mining (SIC 1000)
BHP Group Limited is one of the world's largest mining companies, focused on copper, iron ore, coal and, soon, potash. In FY2026 it reported a direct economic contribution of US$50.8 billion and shareholder distributions of US$8.7 billion, according to its annual report filed with the SEC. Its relevance now lies in growing copper demand and a change of CEO, Brandon Craig, from 1 July 2026.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, BHP Group Limited (BHP) stock was 80.14 USD (+2.57% on the day), with market capitalisation 406.8 bn USD, P/E 45.2 on diluted EPS of 1.77 USD over the last 12 months, dividend yield 1.55%, beta 1.06, 52-week range 52.58–98.69 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.3
- weak (30–45)
- Bollinger (20, 2)
- 76.50 – 87.23
- in the lower half of the band · %B 0.34 · band width 13.1%
- SMA 50 / 200
- 85.73 / 81.58
- mixed trend
- MACD (12, 26, 9)
- -1.69 / -1.68
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −7.7% | −1.1% | −6.6 pp | — |
| 3 months | −10.3% | −0.5% | −9.9 pp | — |
| 6 months | −5.0% | +4.4% | −9.4 pp | — |
| Year to date | +32.7% | +12.3% | +20.4 pp | — |
| 1 year | +47.2% | +13.5% | +33.7 pp | −10.3% |
| 3 years | +35.6% | +76.4% | −40.9 pp | +102.6% |
| 5 years | +68.2% | +63.7% | +4.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 89 percentile of its own 9-quarter history (min 9.2, median 28.8, max 64.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.1 bn | 44.3 bn | 38.9 bn | 56.9 bn | 65.1 bn | 53.8 bn | 55.7 bn | 51.3 bn |
| Revenue YoY | +20.7% | +2.7% | −12.1% | +46.2% | +14.4% | −17.3% | +3.4% | −7.9% |
| Net income | 3.7 bn | 8.3 bn | 8.0 bn | 11.3 bn | 30.9 bn | 12.9 bn | 7.9 bn | 9.0 bn |
| Net income YoY | −37.1% | +124.2% | −4.2% | +42.1% | +173.4% | −58.2% | −38.9% | +14.2% |
| Diluted EPS | 0.69 | 1.60 | 1.57 | 2.23 | 6.09 | 2.55 | 1.56 | 1.77 |
| Diluted EPS YoY | −37.1% | +130.4% | −1.8% | +42.0% | +173.2% | −58.2% | −38.9% | +14.1% |
| net % | 8.6% | 18.8% | 20.4% | 19.9% | 47.5% | 24.0% | 14.2% | 17.6% |
| Free cash flow | 13.5 bn | 11.6 bn | 9.7 bn | 21.6 bn | 26.3 bn | 12.0 bn | 11.8 bn | 9.3 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 30 Jun 2025
- Cash
- 11.9 bn USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 52.2 bn USD
- Total assets
- 108.8 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.46x
- ROE
- 17.8%
- ROA
- 8.5%
- FCF margin
- 18.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 38.9 bn | 56.9 bn | 65.1 bn | 53.8 bn | 55.7 bn | 51.3 bn | SEC (XBRL)· 22 Aug 2025verified |
| Operating income | 13.7 bn | 25.5 bn | 34.1 bn | 22.9 bn | 17.5 bn | 19.5 bn | SEC (XBRL)· 22 Aug 2025verified |
| Depreciation & amortisation | 4.7 bn | 5.1 bn | 5.7 bn | 5.1 bn | 5.3 bn | 5.5 bn | SEC (XBRL)· 22 Aug 2025verified |
| EBITDA | 18.4 bn ≈ | 30.6 bn ≈ | 39.8 bn ≈ | 28.0 bn ≈ | 22.8 bn ≈ | 25.0 bn ≈ | SEC (XBRL)· 22 Aug 2025derived |
| Interest expense | 1.2 bn | 1.3 bn | 1.1 bn | 2.1 bn | 2.2 bn | 1.8 bn | SEC (XBRL)· 22 Aug 2025verified |
| Pre-tax income | 12.8 bn | 24.3 bn | 33.1 bn | 21.4 bn | 16.0 bn | 18.4 bn | SEC (XBRL)· 22 Aug 2025verified |
| Income tax | 4.2 bn | 10.6 bn | 10.7 bn | 7.1 bn | 6.4 bn | 7.2 bn | SEC (XBRL)· 22 Aug 2025verified |
| Net income | 8.0 bn | 11.3 bn | 30.9 bn | 12.9 bn | 7.9 bn | 9.0 bn | SEC (XBRL)· 22 Aug 2025verified |
| Diluted EPS | 1.57 | 2.23 | 6.09 | 2.55 | 1.56 | 1.77 | SEC (XBRL)· 22 Aug 2025verified |
| Weighted average diluted shares | 5.1 bn | 5.1 bn | 5.1 bn | 5.1 bn | 5.1 bn | 5.1 bn | SEC (XBRL)· 22 Aug 2025verified |
| Dividend per share | 1.43 | 1.56 | 3.50 | 2.65 | 1.52 | 1.24 | SEC (XBRL)· 22 Aug 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 13.4 bn | 15.2 bn | 17.2 bn | 12.4 bn | 12.5 bn | 11.9 bn | SEC (XBRL)· 22 Aug 2025verified |
| Receivables | 3.4 bn | 6.1 bn | 5.4 bn | 4.6 bn | 5.2 bn | 4.1 bn | SEC (XBRL)· 22 Aug 2025verified |
| Inventories | 4.1 bn | 4.4 bn | 4.9 bn | 5.2 bn | 5.8 bn | 5.5 bn | SEC (XBRL)· 22 Aug 2025verified |
| Current assets | 21.5 bn | 26.7 bn | 28.7 bn | 23.4 bn | 24.3 bn | 22.8 bn | SEC (XBRL)· 22 Aug 2025verified |
| Property, plant & equipment, net | 72.4 bn | 73.8 bn | 61.3 bn | 71.8 bn | 71.6 bn | 76.5 bn | SEC (XBRL)· 22 Aug 2025verified |
| Goodwill | 1.2 bn | 1.2 bn | 1.2 bn | 1.4 bn | 1.3 bn | 1.3 bn | SEC (XBRL)· 22 Aug 2025verified |
| Total assets | 105.7 bn | 108.9 bn | 95.2 bn | 101.3 bn | 102.4 bn | 108.8 bn | SEC (XBRL)· 22 Aug 2025verified |
| Accounts payable | 5.8 bn | 7.0 bn | 6.7 bn | 6.3 bn | 6.7 bn | 6.6 bn | SEC (XBRL)· 22 Aug 2025verified |
| Current liabilities | 14.8 bn | 16.4 bn | 16.9 bn | 19.0 bn | 14.3 bn | 15.6 bn | SEC (XBRL)· 22 Aug 2025verified |
| Total liabilities | 53.6 bn | 53.3 bn | 46.4 bn | 52.8 bn | 53.2 bn | 56.6 bn | SEC (XBRL)· 22 Aug 2025verified |
| Equity | 52.2 bn | 55.6 bn | 48.8 bn | 48.5 bn | 49.1 bn | 52.2 bn | SEC (XBRL)· 22 Aug 2025verified |
| Shares outstanding at year end | 2.9 bn | 3.0 bn | 5.1 bn | 5.1 bn | 5.1 bn | 5.1 bn | SEC (XBRL)· 22 Aug 2025verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 15.7 bn | 27.2 bn | 32.2 bn | 18.7 bn | 20.7 bn | 18.7 bn | SEC (XBRL)· 22 Aug 2025verified |
| Capex | 6.0 bn | 5.6 bn | 5.9 bn | 6.7 bn | 8.8 bn | 9.4 bn | SEC (XBRL)· 22 Aug 2025verified |
| Free cash flow | 9.7 bn ≈ | 21.6 bn ≈ | 26.3 bn ≈ | 12.0 bn ≈ | 11.8 bn ≈ | 9.3 bn ≈ | SEC (XBRL)· 22 Aug 2025derived |
| Investing cash flow | -7.6 bn | -7.8 bn | -7.0 bn | -13.1 bn | -8.8 bn | -13.4 bn | SEC (XBRL)· 22 Aug 2025verified |
| Financing cash flow | -9.8 bn | -17.9 bn | -22.8 bn | -10.3 bn | -11.7 bn | -6.0 bn | SEC (XBRL)· 22 Aug 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 406.8 bn USD
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 16.29 – 34.31 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E21.49 – 34.31 (Mid 26.02)8 companies used · median multiple 14.7x · quartiles 12.1x – 19.3xBVN, ERO, FCX, HBM, NEXA, RIO, SCCO, TMC
- Dividend discount (DDM)16.29 – 21.91 (Mid 18.69)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 17.6% | 79 (vs peers) | 11% |
| FCF conversion · Quality | 103.0% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | -7.7% | 0 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | -33.7% | 0 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 11.0x | 100 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.5x | 55 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 45.2x | 11 (vs peers) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.3% | 29 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet82/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality89/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation19/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BHP GROUP LIMITED (BHP). Latest full fiscal year: 2025; data up to 2025-06-30.
Figures computed from the financial statements: revenue 51.3 bn USD in 2025; YoY growth -7.9%; net margin 17.6%; ROE 19.5%.
The estimated value range is 18.89–28.11 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 22.35 USD, the price of 80.14 USD leaves a potential of -72.1% (value / price − 1) and a margin of safety of -258.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 17.6%
- FCF conversion: 103.0%
- Interest coverage: 11.0x
What contradicts it
- Revenue CAGR 3Y: -7.7%
- EPS CAGR 3Y: -33.7%
- P/E (TTM): 45.2x
- FCF yield: 2.3%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Metal Mining (SIC 1000) · same industry (4-digit SIC) · compared with 26 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BHPBhp Group Limited | 406.8 bn | 45.2 | 19.5% | 17.6% | −7.9% | +47% / +36% |
| SCCOSouthern Copper Corp | 149.3 bn | 23.0 | 53.2% | 37.3% | +17.4% | +35% / +163% |
| RIORio Tinto PLC | 106.2 bn | 13.9 | 17.0% | 17.3% | +7.4% | +18% / +22% |
| FCXFreeport-McMoRan Inc. | 89.9 bn | 29.2 | 21.8% | 16.2% | +1.8% | +46% / +68% |
| HBMHudbay Minerals Inc. | 8.8 bn | 15.4 | 19.7% | 25.7% | +9.4% | +31% / +388% |
| CLFCleveland-Cliffs Inc. | 7.3 bn | — | -8.5% | -2.4% | −3.0% | −2% / −25% |
| BVNBuenaventura Mining Co Inc | 7.3 bn | 18.1 | 12.6% | 34.9% | +40.1% | +16% / +202% |
| MPMP Materials Corp. | 6.4 bn | — | -4.1% | -19.9% | +10.1% | −42% / +126% |
| EROEro Copper Corp | 3.2 bn | 12.2 | 34.6% | 33.6% | +67.1% | +21% / +150% |
| NEXANexa Resources S.A. | 1.6 bn | 11.9 | 14.6% | 4.4% | +8.5% | +70% / +103% |
| IEIvanhoe Electric Inc. | 1.2 bn | — | -8.4% | -1,138.7% | +11.8% | −46% / −32% |
| USARUSA Rare Earth, Inc. | 1.1 bn | — | -23.6% | -2,159.3% | unavailable | −39% / −20% |
| TMCTMC the metals Co Inc. | 1.0 bn | 4.2 | -1,123.2% | — | unavailable | −67% / +103% |
| USASAmericas Gold And Silver Corporation | 986.9 m | — | -61.6% | -74.1% | +17.7% | −31% / +413% |
| ASMAvino Silver & Gold Mines Ltd. | 769.3 m | 79.0 | 7.0% | 12.2% | +50.8% | −15% / +746% |
| LARLithium Argentina AG | 682.1 m | — | -9.5% | — | +12.9% | −24% / −21% |
| SGMLSigma Lithium Corporation | 626.1 m | — | -67.4% | -45.6% | −27.3% | −50% / −81% |
| GSMFerroglobe PLC | 547.5 m | — | -25.9% | -12.8% | −18.8% | −34% / −49% |
| ALOYRealloys Inc. | 459.5 m | — | -155.8% | -5,144.4% | −5.3% | −5% / +68% |
| THMInternational Tower Hill Mines Ltd | 455.2 m | — | -2.8% | — | unavailable | −10% / +222% |
| LZMLifezone Metals Limited | 336.9 m | — | -16.7% | -1,289.2% | +652.2% | +1% / −60% |
| USAUU.s. Gold Corp. | 186.4 m | — | -55.2% | — | −30.9% | −35% / +239% |
| PZGParamount Gold Nevada Corp. | 83.9 m | — | -46.1% | — | −54.7% | −20% / +146% |
| WWRWestwater Resources, Inc. | 52.5 m | — | -19.1% | — | unavailable | −57% / −33% |
| COPRIdaho Copper Corporation | 25.7 m | — | -187.5% | — | −63.5% | unavailable / unavailable |
1- and 3-year price returns: for BHP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 42.91 Total return -45% · Per year -45% | 76.25 Total return -3% · Per year -3% | 115.38 Total return 46% · Per year 46% |
| 3 years | 34.08 Total return -55% · Per year -23% | 68.82 Total return -10% · Per year -3% | 115.38 Total return 49% · Per year 14% |
| 5 years | 27.06 Total return -62% · Per year -18% | 62.11 Total return -16% · Per year -3% | 115.38 Total return 53% · Per year 9% |
- Exit P/E± 17.20
- Net margin± 12.04
- Annual revenue growth± 10.88
- Annual dilution± 1.01
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 18 Aug 2026; since then the company filed 6-K (22 Oct 2026), 6-K (21 Oct 2026), 6-K (16 Sept 2026), 6-K (15 Sept 2026), 6-K (14 Sept 2026).
In brief
BHP Group Limited is one of the world's largest mining companies, focused on copper, iron ore, coal and, soon, potash. In FY2026 it reported a direct economic contribution of US$50.8 billion and shareholder distributions of US$8.7 billion, according to its annual report filed with the SEC 1. Its relevance now lies in growing copper demand and a change of CEO, Brandon Craig, from 1 July 2026 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Employee and contractor safetyhigh
A fatality involving a contractor at Peak Downs showed that safety risks remain high, and an investigation is under way 1.
- Commodity price volatilityhigh
Revenue depends on copper, iron ore and coal prices, which can fluctuate significantly 1.
- Growth project executionmedium
Delays or cost overruns at the Jansen or Escondida projects could reduce expected returns 1.
- Energy and inflation costsmedium
Higher diesel and energy prices could affect unit costs, especially if inflation persists 1.
- Regulatory and tax risksmedium
Changes in taxes and royalties in operating countries could reduce margins 1.
Investment thesis
What would need to be true (bull case)
- A leading copper position, with long-term demand supported by electrification and data centres, could support revenue growth 1.
- The cost advantage in iron ore and capital discipline could sustain solid margins even under pressure 1.
- Diversification through potash and the project pipeline could reduce dependence on a few commodities 1.
What would break the thesis
- If commodity prices fall, revenue and shareholder distributions could be affected 1.
- Coal and iron ore have limited growth prospects, and their cyclicality could dilute the advantages of copper 1.
- Large projects carrying execution risk and safety incidents could generate extra costs and reputational damage 1.
What to watch
- Final investment decision for the new Escondida concentratorCY2027 or CY2028
- Start of potash production at Jansenmid-CY2027
- Reaching the WAIO production target above 305 MtpaQ4 FY2028
- Outcome of the Peak Downs fatality investigation and follow-up measuresnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 18 Aug 2026; since then the company filed 6-K (22 Oct 2026), 6-K (21 Oct 2026), 6-K (16 Sept 2026), 6-K (15 Sept 2026), 6-K (14 Sept 2026).
The business
BHP extracts and processes essential minerals, including copper, iron ore, and metallurgical and energy coal, and is developing a potash project in Canada 1. The company presents itself as holding large, long-life, low-cost assets in a diversified portfolio, with a business model spanning exploration, development, processing, sales and closure 1. It applies its internal BHP Operating System and a Capital Allocation Framework to order investment decisions 1.
The revenue mix is dominated by copper, which in FY2026 contributed more than half of Group Underlying EBITDA for the first time 1. The rest of the portfolio includes iron ore from Western Australia (WAIO), steelmaking coal from BMA and energy coal from New South Wales 1. The company has also announced capital-unlocking deals, such as the silver streaming agreement for Antamina 1.
The company has changed its executive leadership: Brandon Craig became CEO from 1 July 2026 following the retirement of Mike Henry, and the Board was renewed with a non-executive director appointed in June 2026 1. This marks a new strategic stage centred on accelerated performance and disciplined growth 1.
Segments
Copper
Copper is the main growth driver, with around 2 Mt produced in FY2026 and a 70 per cent EBITDA margin 1. The Escondida and Copper South Australia projects aim to increase attributable production by about 40 per cent by FY2035 1.
Iron ore
The WAIO operations in Western Australia reached record annual production and, according to the company, remain the lowest-cost major iron ore producer, with a cost advantage above US$10 per tonne over its nearest Pilbara rival 1. The production target is above 305 Mtpa by Q4 FY2028 1.
Coal
Steelmaking coal (BMA) and energy coal (NSWEC) increased output and exceeded guidance, but they are mature assets with more limited growth prospects 1.
Market context
Trends
- Copper demand linked to data centrestailwind
The company estimates copper demand from data centres could grow about sixfold between CY2024 and CY2050 1. If this trend holds, it could support copper prices and revenue 1.
- Electrification of diesel fleetsmixed
Shifting to electric equipment could significantly raise the operations' power demand, and the company has started work on future power solutions 1. This implies new investment and technology risks 1.
- Inflation and energy costsheadwind
Inflationary pressure, higher diesel prices and supply disruptions have raised operating costs 1. A strong cost position could offset these pressures better than competitors 1.
- Decarbonisation policiesmixed
The company is working to cut operational emissions and used renewables for much of its electricity in FY2026, which could shape access to steelmaking customers 1. Climate commitments can create both costs and opportunities 1.
- Capital reallocation and project-led growthtailwind
The Capital Allocation Framework ties investment to returns, and streaming deals could unlock value without large outlays 1. A disciplined project pace could support long-term growth 1.
Competitive position
The company benchmarks itself against major copper and mineral producers, which it names in its report for CY2025 copper output data 1. In iron ore, competition comes from Pilbara producers, and in coal from seaborne markets 1.
- Anglo American
Large copper producer, named by the company among competitors in its CY2025 production data 1.
- Freeport-McMoRanFCX
Major copper producer, included in the company's copper production comparison 1.
- Rio Tinto
Competitor in copper and Pilbara iron ore, cited by the company in its cost comparisons 1.
- Fortescue
Pilbara iron ore producer, used as a benchmark for WAIO's cost advantage 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)21 Oct 2026
- Current report (foreign issuer)16 Sept 2026
- Current report (foreign issuer)15 Sept 2026
- Current report (foreign issuer)14 Sept 2026
- Current report (foreign issuer)08 Sept 2026
- Current report (foreign issuer)28 Aug 2026
- Current report (foreign issuer)26 Aug 2026
- Current report (foreign issuer)19 Aug 2026
Sources
- [1] Form 20-F, fiscal year ended 2026-06-30 · SEC / BHP Group Limited · 18 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.