We have a long-standing commitment to the communities, regions and countries that we operate in.
Our economic contribution in FY23
We contribute in many ways, but one of the most fundamental is the economic contribution we provide through jobs, payments to suppliers, taxes, royalties, dividends and social investment.
A$18 billion in taxes and royalty payments
We continue to be one of the largest taxpayers in Australia. In the last year we paid A$18 billion1 in tax and royalty payments to governments in Australia.
10% of all revenue in Queensland
We continue to be one of the largest contributors in Queensland. 10%4 of all revenue (excluding grants) in Queensland last financial year came from BHP-operated projects.
8% of Australia's corporate tax
We continue to be one of of the largest taxpayers in Australia. We expect to pay 8%3 of all corporate tax paid in Australia on FY2023.
A$17.5 billion in dividends paid
If you’ve got an Australian super
fund, chances are it is benefitting from BHP shares. We paid A$17.5 billion5 in dividends to shareholders in the 2023 financial year.
A$7.9 billion with suppliers
Our operated projects in Queensland spent A$7.9 billion2 with suppliers in the 2023 financial year.
A$5.3 billion in state royalties and other payments to governments
Our operated projects in Queensland also spent A$5.3 billion in state royalties and other payments to governments.
Our contribution to Australia's future
How we contribute
1 Calculated based on A$ denominated payments.
2 Amount is translated at the FY2023 average rate of AUD/USD 0.673.
3 Based on the actual corporate tax paid in FY2023 by BHP Group, and by comparison to forecasted 2022/2023 company tax cash receipts per the 2023/2024 Commonwealth
of Australia Budget.
4 Based on the actual cash contribution paid to government in FY2023 by BHP-operated projects (including 100 per cent of BHP Mitsubishi Alliance’s contribution), and by comparison to forecasted total revenue 2022/2023 data (excluding grants) per the 2023/2024 Queensland Budget.
5 FY2023 amounts for Australia are translated at the FY2023 average rate of AUD/USD 0.673.