Economic contribution report 2026

Our Charter and Our Code of Conduct (Our Code) define how we work at BHP. Our Charter describes our purpose, our strategy and Our Values. It is the single most important means by which we communicate who we are, what we do and what we stand for, and is the basis for our decision-making. Supporting Our Charter is Our Code, which brings Our Values to life so we can make the right choices every day. 

Our approach to tax is underpinned by Our Charter and Our Code, and is embodied in our Tax Principles. The Risk and Audit Committee of the BHP Board endorsed these principles and in FY2026, we conducted annual assurance that we have adhered to our Tax Principles.

The six principles that govern our global approach to tax:

1. Transparency

We are transparent about the taxes and royalties we pay to governments because we believe openness allows our shareholders, employees, contractors, partners, customers and communities to understand the contribution we make and have a greater ability to assess the integrity of the tax systems in the countries where we operate.

2. Corporate citizenship

We act with integrity when engaging with revenue authorities to support positive and constructive relationships. Where possible, for the purposes of obtaining certainty of our tax positions, we engage with revenue authorities on a real-time basis regarding the application of the tax law and to identify and resolve any disagreements on a timely basis.

3. Risk management and governance

We are committed to strong governance. We identify, assess and manage tax risks in accordance with our global Risk Framework. Material risks are reported to the Risk and Audit Committee. For more information refer to BHP Economic Contribution Report 2026, page 17.

4. Business rationale

Our transactions have proper commercial purposes and economic rationale. We locate business activities where value is optimally created. We seek to have a tax charge that contributes to superior business performance and delivers long-term shareholder value. Accordingly, we do not engage in aggressive tax planning.

5. Compliance

We respect and comply with the laws of the countries where we operate. We meet all of our tax compliance obligations on time. Our tax obligations include pricing transactions in our global value chain according to where value is created and economic activity occurs, in compliance with the OECD guidelines, and based on the arm’s length principle.

6. Advocating reform

We support simple, stable and competitive tax rules and the principle that the taxing rights of countries should be commensurate with where the economic activity occurs. We engage in the reform process of international tax rules (including transfer pricing) and local tax rules in countries where we operate. We do this because we believe tax systems should be effective, efficient and competitive, in order to support economic growth, job creation and viable long-term tax contributions.

BHP creates value through a portfolio of large, long-life assets that produce commodities needed for economic growth and the energy transition. We seek to deliver that value through safe, reliable and efficient operations, disciplined capital allocation and long-term partnerships with communities, suppliers, governments and our customers.

We are committed to social value: our positive contribution to society. It is vital for our future and a consideration in the strategic decisions we make.

How we contribute

Exploration and acquisition

• Payments to suppliers and contractors 
• Wages paid to employees 
• Permits, licence fees and employment taxes 

Development and mining  

• Capital expenditure 
• Payments to suppliers and contractors 
• Wages paid to employees 
• Permits and licence fees 
• Employment and sales taxes, import duties, property and land taxes 
• Contributions to communities where we operate  
  
   

Process and logistics 

• Net profits – corporate taxes paid 
• Royalties paid from extraction 
• Payments to suppliers and contractors 
• Wages paid to employees 
• Employment and sales taxes, import duties  
• Contributions to communities where we operate 
• Payments to shareholders and investors 

Sales, marketing and procurement

• Payments to suppliers and contractors 
• Wages paid to employees 
• Corporate, employment and sales taxes, import duties 
  
   

Closure and rehabilitation 

• Payments to suppliers and contractors 
• Corporate taxes paid if alternative revenue streams from post-mining land use are found 
• Lower employment and sales taxes