BHP Billiton (BHP.US) is an Anglo-Australian multinational mining, metals, and petroleum company with a market capitalization of $147.12 billion as of August 15, 2023. Founded in 1885 as Broken Hill Proprietary Company, it later merged with Billiton in 2001.
The company is a major global player in the resources sector, involved in the exploration, extraction, and processing of minerals, metals, and energy resources. It operates across diverse commodities, including iron ore, copper, coal, oil, and more.
The company went public in Australia and London in 1885. Its history is marked by significant contributions to the mining industry and international trade. The company's commitment to sustainability and responsible mining practices has contributed to its reputation as a leader in the resources sector.
Over the past five years, the stock price of BHP Billiton has shown significant fluctuations. At its lowest point in March 2020, the stock price reached an all-time low of $29.78, while in May 2021, it reached its highest point of $82.07. The stock price has been influenced by various factors such as market trends, company policies, national and global economic situations, and demand and supply dynamics in the commodities industry.
To become a successful trader, one must use the right trading strategies and tools. Traders may consider using different trading strategies, such as day trading, swing trading, position trading and scalping trading, depending on their individual preferences. For example, day trading could be useful for traders who make quick trades during the same day. Furthermore, traders may also consider using different trading tools and indicators to analyse the stock's price, such as candlestick patterns, Bollinger Bands, and Fibonacci Retracements.
As a trader, it is essential to study competitors before trading any stock and that applies to HP Billiton too. So who are its competitors?
- Rio Tinto (RIO.US) is a multinational mining corporation with operations spanning several continents. Founded in 1873, the company is known for its diverse portfolio of commodities, including iron ore, aluminium, copper, diamonds, and more. Rio Tinto is recognized for its focus on sustainable mining practices and commitment to environmental responsibility.
- Vale SA (VALE.US) is a Brazilian multinational mining company established in 1942. It's one of the world's largest producers of iron ore, nickel, and other minerals. Vale has a significant role in the global supply of metals essential for industries like steel production. The company's commitment to safety and sustainability drives its operations.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.