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Value and returns at the centre of everything we do

Andrew Mackenzie on the 6 point plan to grow the value of BHP.

BHP CEO Andrew Mackenzie speaks on our 6 point plan to grow value [video]

Our plan to grow shareholder value


1. Cost efficiencies

Focused on further gains

We will further reduce costs and expect to deliver additional productivity gains of US$2 billion by FY2019.

Unit costs have decreased mor than 40% since FY2012 

2. Latent capacity

Attractive returns, limited risk

We can add more than 20% to current production through a series of high-return, low-risk investments in our existing assets to fully utilise installed infrastructure.


3. Onshore US

Guided by value

We have classified our Onshore US asset as non-core and we are actively pursuing options to exit these assets for value.


4. Major projects

Timed for value and returns

We have approved the execution of two major projects - Mad Dog Phase 2 (oil) and the Spence Growth Option (copper). Both represent capital efficient, counter cyclical investments in attractive commodities. 

Learn more about our Capital Allocation Framework.

Capital Allocation Framework video


5. Exploration

Positive results reduce risk for future wells

Our focused Petroleum exploration program has had positive drilling results in the Caribbean and the Gulf of Mexico, while the successful bid for Trion (Mexico) provides further opportunity. These successes have the potential to add valuable reserves to support our Conventional Petroleum business in the years to come.


6. Technology

Improves safety, lowers costs & unlocks resource

Our global Technology function has rapidly deployed high-value, capital-efficient programs to unlock resource and lower costs even further.


BHP Chief Executive Officer Andrew Mackenzie updated progress on the Company’s roadmap to grow long-term shareholder value. See the presentation or listen to the audio webcast.

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