Business Description:
BHP Billiton Limited (BHP) is a diversified resources group with a global portfolio of quality assets. Core activities comprise of mining, exploration, production and distribution of minerals, mineral products and petroleum.

Strategy Analysis:
BHP aims to be the supplier of choice to its end-use customers. Its strategy is three-pronged: build on its diverse reserves base and ensure that best practices are shared quickly across its operations; maintain a steady pipeline of greenfield projects for internal growth; and help increase its pipeline by staying close to its customers. BHP Billiton reported NPAT up 85.9% to US$23.65bn for the year ended 30 June 2011. Revenues from ordinary activities were US$71.74bn, up 35.9% from last year. Diluted EPS was 426.9 US cents compared to 227.8 US cents last year. Net operating cash flow was US$30.08bn compared to US$16.89bn last year. The final dividend declared was 55 US cents, taking the full year dividend to 101 US cents compared with 87 US cents last year. Underlying EBITDA and Attributable profit (excluding exceptional items) increased by 51% to US$37.1bn and 74% to US$21.7bn respectively, while Underlying return on capital, excluding investment associated with projects not yet in production, increased to 50%.