You are here

Prices & Quotes - UK Markets - BHP Group (BHP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,737.80p
Change Today:
9.60p
Market Cap:
36,704m
Sector:
Mining

BHP to buy out Hess share of Shenzi

By Josh White

Date: Tuesday 06 Oct 2020

LONDON (ShareCast) - (Sharecast News) - BHP has signed an agreement with Hess Corporation to acquire an additional 28% working interest in the six-lease Gulf of Mexico development Shenzi, it announced on Tuesday.
The FTSE 100 company said Shenzi is structured as a joint ownership, with BHP being the operator with a current interest of 44%, while Hess owns 28% and Repsol holds another 28%.

It said it had agreed to a purchase price of $505m, subject to customary pre and post-closing adjustments.

The board said the acquisition would bring its working interest to 72%, and immediately add around 11,000 barrels of oil equivalent per day of production at 90% oil.

It said the transaction was consistent with its strategy of targeting counter-cyclical acquisitions in high-quality producing or near producing assets.

The board said that, while its strict capital allocation framework tests ensured all investments were resilient to low points in the commodity cycle, it also recognised the potential for price upside over the medium term given the global slowdown in development activity, adding that the company was "well-positioned" to participate in that upside.

BHP said it believed that the fundamentals for oil and advantaged gas would be attractive for the next decade, and likely beyond.

"This transaction aligns with our plans to enhance our petroleum portfolio by targeted acquisitions in high quality producing deepwater assets and the continued de-risking of our growth options," said the company's president of petroleum operations, Geraldine Slattery.

"We are purchasing the stake in Shenzi at an attractive price, it's a tier one asset with optionality, and key to BHP's Gulf of Mexico heartland.

"As the operator, we have more opportunity to grow Shenzi high-margin barrels and value with an increased working interest."

At 0841 BST, shares in BHP Group were down 0.23% in London, at 1,648.8p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BHP Group Market Data

Currency UK Pounds
Price 1,737.80p
Change Today 9.60p
52 Week High 1,851.60p
52 Week Low 939.80p
Volume 8,117,620
Shares Issued 2,112.07m
Market Cap 36,704m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 13
Buy 0
Neutral 7
Sell 1
Strong Sell 1
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BHP Group Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Sep-20 05-Mar-20
Paid 22-Sep-20 24-Mar-20
Amount 55.00¢ 65.00¢

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 152 @ 1,737.80p
16:35 4,174,199 @ 1,737.80p
16:29 250 @ 1,741.00p
16:29 117 @ 1,740.80p
16:29 42 @ 1,739.60p

BHP Group Key Personnel

Chair Ken MacKenzie
CEO Mike Henry