Headquartered in Melbourne, Australia, BHP Billiton is an Anglo-Australian petroleum, mineral extraction and mining company.
Image: company website
The company is among the world’s largest producers of metallurgical coal, iron ore, copper, uranium, oil and natural gas. The company was created through the Australian Broken Hill Proprietary Company Limited and Billiton plc in 2001, and has ever since been a leading company in Australia.
The company is one of the largest listed companies in Australia. It is led by Andrew Mackenzie as the Chief Executive Officer. BHP Billiton has its operation in over 25 countries employing around 41,000 people worldwide. In 2015, the company was responsible for production of 256 million barrels of oil equivalent, 233 million tons of iron ore, 1.7 million tons of copper, 43 million tons of coal. With this, the company clocked $30.5 billion dollars of revenue in 2015. However, the company is in a loss overall of 6.1 billion dollars. The company has been the finalist in the prestigious CDP 2015 Australian Climate Leadership Awards in the largest absolute carbon reduction category.
The company is also a front runner in various corporate social responsibility programs across Australia. Their charter is based on the values of sustainability, integrity, respect, simplicity, accountability and performance. It donates one percent of its pretax profit, on the basis of previous year profits in community programs. The company has established BHP Billiton Foundation and BHP Billiton Sustainable Communities as independent charities at the global level. The BHP Billiton Matched Giving Program contributes a further two dollars to the recipient organization for every dollar donated by an employee. However, the company has also been mired in controversies related to extraction and marketing of fossil fuels and responsible for greenhouse gas emissions since the beginning of the industrial age.