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BHP Annual Profit Drops by 58% on Commodity Price Pullback -- 2nd Update

Por: MarketWatch Business August 22, 2023

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BHP, the world's biggest miner by market value, reported a net profit of $12.92 billion for the 12 months through June. That is down from a profit of $30.90 billion a year earlier when it had benefited from the sale of its oil-and-gas business and when commodity prices were at or near record highs. BHP said it also continued to grapple with cost inflation, especially in labor, diesel and electricity prices. Analysts expected a profit of... + full article



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