bhp.com

Strategic intent

BHP is a leading global diversified resources company principally engaged in the discovery, acquisition, development, and marketing of natural resources, specifically copper, iron ore, metallurgical coal, and potash.

Key market signals

• 2026-10: BHP held its 2026 AGM in Sydney, highlighting record iron ore production, copper contributing over half of EBITDA for the first time, and a smooth transition to CEO Brandon Craig.
• 2026-10: BHP announced plans to eliminate approximately 300 operational roles across its South Flank, Mining Area C, Newman, and Jimblebar iron ore mines in Western Australia's Pilbara region to manage rising costs.
• 2026-10: BHP completed the divestment of its historic San Manuel mine in Arizona to Faraday Copper in exchange for a 30% strategic equity stake in Faraday, establishing the Redhawk Copper Complex.
• 2026-08: BHP implemented a major executive leadership restructuring effective September 1, 2026, under new CEO Brandon Craig, appointing Jessica Farrell as President North America and transitioning Edgar Basto to Chief Enterprise Performance Officer.
• 2024-10: BHP ratified a landmark US$32 billion (R$170 billion) settlement with Brazilian authorities over the Samarco dam failure, which continues to have ongoing impacts as additional municipalities join the agreement through 2026.

Financial health

• FY2026 Revenue: US$58.76 billion, up 14.6% year-on-year (source: https://www.bhp.com)
• FY2026 Underlying EBITDA: US$33 billion, up 27% year-on-year with a margin of almost 60% (source: https://www.bhp.com)
• FY2026 Attributable Profit: US$9.8 billion (after a US$2.3 billion non-cash impairment on the Jansen potash project) (source: https://www.bhp.com)

Impact & compliance

Legal & risks

The High Court of England and Wales found BHP liable under Brazilian environmental and civil law for the 2015 Fundão dam failure, with requests for permission to appeal subsequently refused by the High Court and the English Court of Appeal in May 2026. BHP Brasil, Vale, and Samarco entered into […]

Forensic audit — 3 findings

• ⚠ In September 2026, BHP Iron Ore Pty Ltd proposed a significant amendment to Mining Area C in the Pilbara, increasing the...
• ⚠ The High Court of England and Wales found BHP liable under Brazilian environmental and civil law for the 2015 Fundão dam...
• ⚠ BHP Brasil, Vale, and Samarco entered into a comprehensive reparation agreement (the 'New Rio Doce Agreement') with Braz...

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