Feb 15 (Reuters) - BHP Group Ltd (BHP) : DECLARES INTERIM...

Feb 15 (Reuters) - BHP Group Ltd (BHP) :

• DECLARES INTERIM DIVIDEND OF 150 CENTS PER SHARE
• HY UNDERLYING ATTRIBUTABLE PROFIT $10,687 MILLION VERSUS $6,036 MILLION REPORTED LAST YEAR
• BHP GROUP LTD HY ATTRIBUTABLE PROFIT $9,443 MILLION VERSUS $3,876 MILLION REPORTED LAST YEAR
• HY REVENUE FROM CONTINUING OPERATIONS UP 27% TO $30,527 MILLION
• JANSEN SHAFT PROJECT IS 98% COMPLETE AND JANSEN STAGE 1 PROJECT HAS COMMENCED CONTRACT AWARDS
• REVISED OUR NET DEBT TARGET RANGE TO BETWEEN US$5 AND US$15 BILLION
• NET DEBT AT 31 DECEMBER 2021 WAS US$6.1 BILLION
• HY UNDERLYING ATTRIBUTABLE PROFIT FROM CONTINUING OPERATIONS $9,715 MILLION
• GUIDANCE FOR MINERALS CAPITAL AND EXPLORATION EXPENDITURE FOR FULL YEAR HAS DECREASED BY US$0.2 BILLION TO US$6.5 BILLION
• COMPLETION OF PROPOSED MERGER OF OUR PETROLEUM BUSINESS WITH WOODSIDE IS EXPECTED IN JUNE 2022 QUARTER
• REVIEW PROCESS FOR NEW SOUTH WALES ENERGY COAL (NSWEC) IS PROGRESSING, IN LINE WITH TWO-YEAR TIMEFRAME WE SET LAST YEAR
• COMPLETION OF PROPOSED MERGER OF OUR PETROLEUM BUSINESS WITH WOODSIDE IS EXPECTED IN JUNE 2022 QUARTER
• END-USE DEMAND IN CHINA IS EXPECTED TO FIRM OVER COURSE OF 2022 CALENDAR YEAR
• REMAIN POSITIVE IN OUR OUTLOOK FOR LONG-TERM GLOBAL ECONOMIC GROWTH AND COMMODITY DEMAND
• IN NEAR TERM, VOLATILITY IN OPERATING ENVIRONMENT IS EXPECTED TO CONTINUE
• MOMENTUM TOWARDS RECOVERY REMAINS INTACT ACROSS MOST KEY REGIONS
• IN LONG-TERM, PRICES ARE EXPECTED TO BE DETERMINED BY HIGH COST PRODUCTION, ON A VALUE-IN- USE ADJUSTED BASIS, FROM AUSTRALIA OR BRAZIL
• WE ANTICIPATE THAT HEADWINDS THAT BUFFETED CHINA WILL DIMINISH AS 2022 CALENDAR PROCEEDS
• DESYNCHRONISED EXIT FROM EMERGENCY POLICY SETTINGS AROUND GLOBE IS A SOURCE OF UNCERTAINTY
• CAPITAL EXPENDITURE ON DECARBONISATION EXPECTED TO BE AT UPPER END OF GUIDANCE RANGE OF BETWEEN US$2 TO US$4 BILLION UNTIL 2030 CALENDAR YEAR
• LONGER TERM, BOTH DEMAND AND SUPPLY FACTORS INDICATE THAT COPPER IS AN ATTRACTIVE AVENUE FOR FUTURE GROWTH
• EXPECT COST HEADWINDS DUE TO SUPPLY BOTTLENECKS TO REMAIN CHALLENGING IN 2022 CALENDAR YEAR
• DEMAND-LED INFLATION IN BROADER ECONOMY IS EXPECTED TO ENDURE FOR SOME TIME
• IN MEDIUM TERM, CHINA'S DEMAND FOR IRON ORE IS EXPECTED TO BE LOWER THAN IT IS TODAY
• IN LONG-TERM IRON ORE PRICES EXPECTED TO BE DETERMINED BY HIGH COST PRODUCTION, ON VALUE-IN- USE ADJUSTED BASIS, FROM AUSTRALIA OR BRAZIL

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