logo
Plus   Neg
Share
Email

BHP Says Positive About Long-term Outlook, Despite Cautious In Short-term

BHP (BHP.AX,BLT.L,BBL,BHP) said it is positive about the long-term outlook, despite it remains cautious in the short-term.

At the annual general meeting, the chairman of the company Ken MacKenzie, said,"We are confident that our portfolio is well positioned to seize the opportunities that will come from population growth and better living standards, and trends such as electrification and decarbonisation. These are all likely to increase demand for our products well into the future."

MacKenzie said he is confident that the company could continue to create value for shareholders in the short, medium and long term.

The company's chief executive officer Andrew Mackenzie said that the company entered the 2020 financial year with a positive outlook for its business.

Mackenzie said, "We have committed to a new climate portfolio analysis in 2020. This will outline our plans to mitigate and adapt to global warming and will include a 'well-below 2 degrees' scenario."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Former Google engineer Anthony Levandowski was sentenced by a U.S. judge to eighteen months in prison for stealing trade secrets from Google's self-driving car unit before he defected to Uber's rival unit. Levandowski admitted that from 2009 to 2016, he worked in Google's self-driving car program, known then as Project Chauffer. JetBlue has strengthened its face covering policy, by prohibiting face masks with vents or exhalation valves, starting August 10. It will also no longer allow customers to claim exemptions from wearing a face covering altogether. Home Depot, Inc. is set to open three new distribution centers in Georgia over the next 18 months, which is expected to create an additional 1,000 new jobs in Greater Atlanta, including full-time and part-time positions. The home improvement retailer has already created more than 5,000 new jobs in Georgia over the last five years.
RELATED NEWS
Follow RTT