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   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

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   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

No model set

   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

No model set

   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

No model set

   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

No model set

   at Glass.Mapper.Sc.GlassHtml.MakeEditable[T](Expression`1 field, Expression`1 standardOutput, T model, Object parameters, Context context, Database database, TextWriter writer) in c:\TeamCity\buildAgent\work\8567e2ba106d3992\Source\Glass.Mapper.Sc\GlassHtml.cs:line 540

Our corporate purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources.

Strategy

Our strategy is to own and operate large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market.

We believe our position in the resources industry is unique, largely due to our proven and consistent strategy. The simplicity of our portfolio, the scale and quality of our assets and our standardised systems and processes are all distinctive attributes – further strengthened by our people and operational excellence.

We operate in a dynamic, globally competitive environment. Our strategy has delivered strong performance over time, which has created sustainable value for our shareholders, customers, employees and the communities in which we operate.

 

Values

In everything we do, we are guided by Our BHP Billiton Charter values of Sustainability, Integrity, Respect, Performance, Simplicity and Accountability.

Our overriding commitment is to work to ensure the safety of our people and respect our environment and the communities in which we work. This commitment informs everything we do and influences every aspect of our work.

 

Success factors

We are successful when our:

  • people start each day with a sense of purpose and end the day with a sense of accomplishment;
  • teams are inclusive and diverse;
  • communities, customers and suppliers value their relationships with us;
  • asset portfolio is world-class and sustainably developed;
  • operational discipline and financial strength enables our future growth;
  • shareholders receive a superior return on their investment.

 

We maintain a strong focus on the following strategic priorities to execute our strategy.

Operating sustainably

Sustainability is at the core of Our Charter values. It means putting health and safety first, being environmentally responsible and supporting communities.

We integrate health, safety, environmental, social and economic factors into our decision-making and we play an important role in economic development and improving standards of living. As part of making a valuable contribution as community partners, we seek meaningful, long-term relationships that respect local cultures and create lasting benefits.

For more information on sustainability, refer to section 1.11 and our Sustainability Report.

 

A more productive organisation

To date, our productivity improvements have delivered significant value, including gains of over US$10 billion secured since 2012. In FY2016, we achieved US$437 million in productivity gains and we expect this strong momentum to continue, with US$2.2 billion of gains targeted over the two years to the end of FY2017.

More information on our new Operating Model.

 

Disciplined capital management

Our strong balance sheet remains a fundamental enabler of our strategy. It provides access to sufficient, low-cost funding at all points in the cycle, which offers optionality and helps to insulate our operations from rising volatility.

We continue to implement measures to both preserve this balance sheet strength and align our capital allocation framework with our industry’s cyclical nature.

See what our approach to capital allocation looks like in section 1.6.3 of our Annual Report.

 

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