Completed capital management initiatives
|Description||Date commenced||Date completed||Shares repurchased||Cost (local currency)||Cost (US$ million)|
|August 2004 program|
|Off-market buy-back of BHP Billiton Limited shares||23 November 2004||180,716,428||A$2,272m||US$1,780m|
|February 2006 program|
|Off-market buy-back of BHP Billiton Limited shares||03 April 2006||95,950,979||A$2,250m||US$1,600m|
|On-market buy-back of BHP Billiton Plc shares||27 April 2006||16 May 2006||18,820,000||£217m||US$409m|
|Total under February 2006 program||114,770,979||US$2,009m|
|February 2011 expanded program|
|On-market buy-back of BHP Billiton Plc shares||07 September||14 December||243,625,800||£3,012m||US$6,002m|
|Off-market buy-back of BHP Billiton Limited shares1||26 March 2007||141,098,555||A$3,501m||US$2,817m|
|Off-market buy-back of BHP Billiton Limited shares2||11 April 2011||146,899,809||A$6,000m||US$6,340m|
|Off-market buy-back of BHP Billiton Plc shares2||16 November 2010||29 June 2011||94,935,748||£2,275m||US$3,677m|
|Total under February 2011 expanded program||626,559,912||US$18,836m|
|November 2018 program|
|Off-market buy-back of BHP Limited shares||17 December 2018||265,839,711||A$7,348m||US$5,220m|
- On 23 August 2006, BHP Billiton announced its intention to return US$3 billion to shareholders over the next 18 months through a series of share buy-backs.
On 7 February 2007, a US$10 billion extension to this program was announced. At that date, 93,435,000 shares in BHP Billiton Plc had been repurchased under the August 2006 program at a cost of US$1.7 billion, leaving US$1.3 billion to be carried forward and added to the February 2007 program.
On-market purchases of BHP Billiton Plc shares continued until 14 December 2007, when the program was suspended until further notice.
- On 15 November 2010, BHP Billiton announced its intention to continue the company's strong track record of returning excess capital to shareholders by reactivating the remaining US$4.2 billion component of its previously suspended US$13 billion buy-back program.
On 16 February 2011, BHP Billiton announced an expanded total US$10 billion capital management program (which includes the US$4.2 billion reactivated on 15 November 2010) which was completed on 29 June 2011.