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Highlights:
- BHP shares opened tad lower on Thursday (15 September 2022).
- BHP has shed off almost 4% in last one year. However, BHP’s share price has appreciated by almost 50% in the last five years.
Leading Australian mining giant BHP Group Limited (ASX:BHP) shares opened trading in the red zone on ASX on Thursday (15 September). The share price of BHP was quoted at AU$38.52 per share after falling marginally by 0.207% at 10:12 AM AEST on ASX today.
Meanwhile, the shares of BHP have marked a loss of around 4% on ASX over the last 12 months. Furthermore, on a YTD basis, BHP’s share price dropped almost by 9% on ASX. However, on the contrary, the company’s share price has gained over 47% on ASX in the last five years (as of 10:12 AM AEST today).
What has happened recently within BHP?
BHP came up with its economic contribution report for FY22 recently on ASX. The following are the key highlights of BHP’s FY22 economic contribution report:
- Over the last ten years, BHP has contributed around US$90.5 billion as global income taxes, royalty-related income taxes, royalties and other payments to the government.
- BHP reported a total economic contribution of US$78.1 billion in the financial year 2022.
- The total economic contributions accounted for BHP’s contribution to suppliers, shareholders and investors, social investment towards communities and its employees.
- The company paid US$18.8 billion to its suppliers for purchasing utilities, goods, services, etc., in the given period.
- BHP contributed US$37.3 billion to its shareholders and investors in the form of dividend payments in FY22.
- The company’s social investment cost stood at US$186 million in the given period.
- Lastly, BHP paid US$4.5 billion to approximately 50,000 employees of the company in the form of salary, wages, and incentives in FY22.
BHP is considered to be one of the largest taxpaying companies in Australia, as it paid AU$18.5 billion as taxes, royalty-related income taxes, royalties and other payments to the Australian government in FY22.
An overview of the sectoral performance:
Today, the benchmark S&P/ASX 200 index (INDEXASX:XJO) was quoted 0.208% stronger at 6842.8 points on ASX at 10:33 AM AEST. Nine of the total 11 sectors under the index were trading higher.
Meanwhile, the S&P/ASX 200 Materials sector (INDEXASX:XMJ) was spotted trading 0.083% lower at 15919.3 points on ASX as of 10:36 AM AEST today.
