BHP Group Business Summary

BHP Group Ltd (BHP) operates as a premier global resources company, generating revenue through the large-scale extraction, processing, and marketing of essential commodities. Its business is organized into four primary segments: Iron Ore, Copper, Coal (metallurgical and energy), and Potash. As of early 2026, the company has aggressively pivoted toward "future-facing" minerals, with its Copper segment now contributing over 50% of Group Underlying EBITDA, surpassing Iron Ore as the primary earnings driver. BHP is also nearing completion of its Jansen project in Canada, which will establish it as a major global player in the potash market by 2027. Within the competitive landscape, BHP maintains its status as the world’s lowest-cost major iron ore producer, competing directly with Rio Tinto, Vale, and Glencore. It distinguishes itself through a high-margin, low-cost asset base and a strategic focus on materials critical to global decarbonization and electrification. Originally founded in 1885 by the "Syndicate of Seven" at Broken Hill, the company is currently led by Chief Executive Officer Mike Henry, a 30-year industry veteran who has spearheaded the firm's portfolio simplification and green transition since 2020. The executive team includes Chief Financial Officer Vandita Pant, who brought over two decades of global banking experience from ABN Amro and RBS upon her appointment in 2024, and Chief Technical Officer Johan van Jaarsveld. The Board is chaired by Ross McEwan, the former CEO of National Australia Bank and Royal Bank of Scotland, who assumed the role in March 2025. Other notable board members include Senior Independent Director Gary Goldberg and former HP CEO Dion Weisler, reflecting a leadership pedigree that blends deep mining expertise with international financial and technological governance.