BHP Billiton Ltd
(ASX:BHP) has released its operational report for the year ended 30 June 2016.
The mining company says it exceeded full year production guidance for petroleum, copper and coal. In addition, BHP says it had record full year production from its Western Australian Iron Ore operations.
In regards to petroleum operations, BHP says it has started exploration drilling in Trinidad, Tobago and the Gulf of Mexico, following positive results from its Shenzi North prospect during the year.
BHP also says underlying attributable profit in the June 2016 half year is expected to include additional charges of up to US$175 million.
BHP reported a net loss of $7.85 billion at 31 December 2015.
