BHP reports solid FY19

Diversified giant BHP has exceeded its full-year production guidance for petroleum, while hitting its revised targets for both iron-ore and copper output in the year ended June.

CEO Andrew Mackenzie told shareholders on Wednesday that BHP finished the 2019 financial year with an 11% increase in quarterly production, driven by strong operational performances across its portfolio, including yearly production records at a number of BHP’s petroleum, copper, iron-ore and metallurgical coal operations.