|Operations||BHP is the world's largest miner, with products ranging from aluminum to zinc -- along with oil and gas -- and worldwide distribution.|
|Market Cap||$242 billion|
|Trailing P/E Ratio||19.1|
|Return on Equity TTM||28.8%|
When I previously heralded BHP Billiton
As you likely recall, the company spent major portions of the past two years attempting to effect an iron ore joint venture with Rio Tinto
BHP also offered nearly $40 billion for Saskatchewan's PotashCorp
While massive flooding in central Queensland has quite literally dampened its coal operations, BHP has achieved record iron ore production and shipments in the first half of its financial year. At the same time, it has benefited from strong copper production and prices.
In November, its often overlooked petroleum operation became the first company to receive approval to drill a new well in the U.S. Gulf of Mexico, following the lifting of the government-imposed deepwater drilling stoppage. Chevron
Finally, it's impossible to consider BHP without looking at the company's potential acquisitions. For some time, expectations of a run at Anadarko
The bottom line
While intrigue will likely continue to shadow BHP, I remain convinced that the company constitutes an extremely compelling core holding.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Fool contributor David Lee Smith doesn't own shares in any of the companies named in this article. The Motley Fool has a disclosure policy.