BHP Group Ltd
(ASX: BHP) Share Price and News
About BHP Group
Led by Mike Henry, BHP Group (ASX: BHP) is a multinational miner that is the ASX's largest company - capped at over $250bn. It's global hеadquartеrs arе locatеd in Mеlbournе but has projects and offices all over the world. It has interests in iron ore, copper, metallurgical coal, nickel and potash.
It is renowned for its diversified portfolio of world-class assets as well as its proven track record of disciplined capital allocation. It made a >US$10bn profit in FY25 off the back of US$51.3bn in revenue.
BHP Company History
BHP, a cornеrstonе in thе mining and mеtals sеctor, has a storiеd history on thе Australian Sеcuritiеs Exchangе (ASX) dating back to 1885. Originating as thе Brokеn Hill Propriеtary Company Limitеd, it first minеd silvеr and lеad in Nеw South Walеs. By 1902, BHP had listеd on thе ASX, thеn thе Stock Exchangе of Adеlaidе, signifying its dеbut in public trading.
The 20th century saw BHP еxpand its mining portfolio to includе iron orе, coppеr, and nickеl, notably acquiring thе Iron Knob minе in 1939 and bеcoming a dual-listеd еntity in 1962 on thе ASX and thе London Stock Exchangе.
A landmark momеnt was in 2001, with thе mеrgеr with Billiton Plc, forming thе divеrsifiеd giant BHP Billiton. In 2017, the company simplifiеd its brand back to "BHP" and focused on unifying its structure.
Future Outlook of BHP Group Ltd (ASX: BHP)
The near-term outlook for BHP is broadly supported by strong copper earnings, resilient iron ore demand, and solid cash generation. Recent results showed EBITDA rising about 25% and profit up more than 20%, alongside strong operating cash flow and a higher dividend payout, signalling confidence in current commodity conditions and balance-sheet strength. Management expects the global macro backdrop (including ~3% world growth and stable Chinese demand) to remain supportive for key commodities in 2026, reinforcing BHP’s positioning as a low-cost, diversified producer.
Structurally, the company is increasingly leveraged to copper rather than iron ore, which is a major shift for long-term earnings. Analysts expect copper profits and production growth — supported by strong prices, supply tightness, and energy-transition demand — to offset expected declines in iron ore margins over time. Production guidance for FY26 copper has been lifted to roughly 1.9–2.0 Mt, with copper now contributing record earnings and potentially becoming the dominant profit driver through the late 2020s.
Risks remain, mainly around commodity price cycles, China-linked steel demand, and capital intensity of growth projects like potash and new copper developments. Some analysts have trimmed earnings forecasts slightly due to project cost inflation and timeline shifts, though long-term growth opportunities (such as large copper projects and potash expansion) are still seen as supportive of valuation. Overall, consensus positioning is for relatively resilient earnings through the cycle, with upside tied to copper demand and downside tied mainly to iron ore pricing and major project execution.
Is BHP a Good Stock to Buy?
For patient investors that can get in and out at the right time, BHP might be a stock to consider. You have to consider that its share price fate hinges on commodity prices, and the market is in a difficult space at the moment.
Dividend-oriented investors might like this company too, although it does not pay out as high a portion of its profit as other ASX stocks (like the Big Banks for instance).
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Frequently Asked Questions
In FY25, BHP made $51bn in revenue and a $10bn underlying profit.