5 Most Valuable Australian Companies

1. BHP Group Ltd ADR (NYSE: BHP)

Market cap: $194.3 billion

Topping our list of the 15 most valuable Australian companies is Melbourne-based BHP Group. BHP Group is a multinational mining conglomerate specializing in the exploration and production of minerals such as iron ore, copper, and metallurgical coal. BHP also operates in the oil, gas, and energy coal sector. BHP is one of the world’s largest iron ore companies. In 2020, BHP produced approximately 280 million tonnes of iron ore.

In February 2021, BHP launched a partnership with two of the largest steel companies in the world, China’s HBIS Group Ltd and Japan’s JFE Steel. BHP is to invest $15 million in each partnership to develop technologically integrated material-making solutions that will reduce greenhouse gas emissions. 

In the first half of the year ended on 31 December 2020, BHP announced total earnings of $14.7 billion, with $10.2 billion EBITDA from the iron ore segment. The copper segment added $3.7 billion EBITDA. Shares of BHP increased by 119% over the past twelve months.

Image by Bishnu Sarangi from Pixabay

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