BHP Remains True to Form With CEO Pick -- Market Talk

Dow Jones10:51

0251 GMT - In choosing its next CEO, BHP has kept to its usual form: picking a solid operator from within its own ranks to succeed its CEO after a roughly six-year tenure, Citi analyst Ephrem Ravi says in a note. In doing so, it has demonstrated why it is a "long term hold" stock, Ravi says. He says that while BHP tends to underperform in bull markets, it typically significantly outperforms in bear markets and throughout commodity cycles. "Stability of strategy, conservativeness in capital allocation, relentless focus on building skills and capabilities and building big-ticket (but long-term) value creation options are what distinguishes BHP from other miners over the last two decades," Ravi says. BHP shares are down 3.1% at A$48.53. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

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March 18, 2026 22:51 ET (02:51 GMT)

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