BHP CEO Is 'Slightly Alarmed' by Trade Protectionism

The video features an interview with Andrew Mackenzie, CEO of BHP Billiton, discussing the company's earnings, market conditions, and strategic focus on debt reduction. Mackenzie highlights the cautious outlook due to uncertain global economic conditions and protectionism. The discussion covers capital allocation, productivity improvements, and growth strategies, particularly in copper and oil markets. The video also addresses the ongoing copper strike in Chile and its potential impact on production.

What is the primary focus of BHP Billiton's recent financial strategy?

• Increasing production volume

• Expanding into new markets

• Acquiring new companies

• Debt reduction

How does BHP Billiton plan to grow its value according to Andrew Mackenzie?

• By entering new markets

• By increasing production volume

• By acquiring smaller companies

• By enhancing productivity and reducing costs

What is BHP Billiton's approach to managing cash flow in the iron ore market?

• Hedging against price fluctuations

• Increasing production costs

• Reducing production volume

• Improving productivity and reducing costs

What is the expected trend for copper demand according to BHP Billiton?

• Demand will exceed new supply

• Demand will decrease

• Demand will remain stable

• Demand will match new supply

What factors are contributing to the bullish outlook for oil prices?

• Increased US production

• Decreased global demand

• New oil discoveries

• OPEC cuts and increased demand

What is the impact of the Escondido mine strike on BHP Billiton's copper production?

• It reduces production temporarily

• It permanently decreases production

• It has no impact

• It increases production

What is Andrew Mackenzie's stance on selling BHP Billiton's shale assets?

• He believes it's a good time to sell

• He plans to sell immediately

• He is uncertain about selling

• He believes the price could go higher