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24 Pages

BHP Billiton corporate report


BHP Billiton corporate report

Report summary

BHP Billiton has remained financially strong, despite falling prices across all of its commodities. The company's main protective action has been to slash capital spend. Its company-wide budget for FY 2016 was down 36% from FY 2015, and its petroleum spend fell 50%, with most of the cuts levied at its unconventional business. In a move to protect its A credit rating - one of the highest in the mining sector - BHP also replaced its progressive dividend policy with one more closely linked to underlying profit, freeing up a further US$4.8 billion of capital.  


What's included?

This report includes 2 file(s)

  • BHP Billiton corporate report PDF - 1.53 MB 24 Pages, 7 Tables, 27 Figures
  • BHP Billiton Corporate Report.xls XLS - 3.16 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Strategic response
    • Current strategic positioning
    • Strategic priorities
      • 1. Re-defining its strategy for long-term growth
      • 2. Adapting the US unconventional portfolio to a low oil price environment
      • 3. Managing declines in its conventional business
      • 4. Counter-cyclical approach to exploration
  • Financial health
    • Overview
    • Cash flow breakeven outlook
  • Investment
    • Overview
    • Legacy assets
    • Development pipeline
  • Resources, reserves and production
    • Production
    • Reserves and resources
  • Key success factors
  • Economic assumptions

In this report there are 34 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
    • Benchmark: share price performance
    • Benchmark: evolution of market premium
    • Strategic fit of upstream regions
    • Benchmark: % NPV,10 by resource theme
    • Benchmark: indexed production
    • Benchmark: new project returns
    • Benchmark: capex by development status
    • BHP: production by country
    • BHP: divestment candidates by NPV, 10
    • Top Eagle Ford players - risked resource by sub-play
    • Top ten Eagle Ford well breakevens
    • Benchmark: Remaining NPV, 10 by play
    • Top ten Permian well breakevens
    • Conventional production by asset
    • Conventional cash flow by asset
    • Benchmark: Exploration value creation
    • Benchmark: Deepwater acreage by risk
  • Financial health
    • BHP: cash flow breakeven
    • BHP: petroleum upstream cash flow by resource theme
  • Investment
  • Resources, reserves and production
    • Reported historic and Wood Mackenzie forecast total production
    • BHP: production by resource theme
    • BHP: production by development stage
    • Reserves and resource detail
    • Benchmark: reserves and resources detail
    • Benchmark: reserves and resource life
  • Key success factors
    • Key success factors: Table 1
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Economic assumptions: Image 1
    • Economic assumptions: Image 2
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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