Stock story

History

BHP is the largest mining company in the world and the largest Australian company by market capitalisation. The ‘Big Australian’, as it is colloquially known, has been a mainstay of Australian equities since it began life as Broken Hill Proprietary in 1885, merging with UK-listed Billiton in 2001.

Why we like them

Commodities are cyclical by nature, but BHP’s scale, diversification, strong balance sheet and future- facing outlook has allowed it to consistently invest and grow through multiple cycles. This resilience through the cycle is why BHP is a long-term holding in the Fidelity Australian Equities Fund.