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.
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.
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.
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.