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Highlights:
- BHP shares were trading 0.518% higher at 2:30 PM AEDT on ASX today (6 October 2022).
- The company has recorded an underlying EBITDA of US$41 billion, as per the FY22 financial report.
Australian mining and exploration giant BHP Group Limited (ASX:BHP) shares are trading in the green zone with a gain of 0.518%. At the time of writing (6 October 2022 – 2:38 PM AEDT), BHP shares were trading at AU$40.710 apiece on ASX.
Over the past one year, BHP's share price has increased by 11.19%. However, on a year-to-date basis, BHP's stock price has declined by 3.85% (as of 2:28 PM AEDT today).
Meanwhile, S&P/ASX200 was at 6,819.10, up merely 3.40 points or 0.05% at 2:30 PM AEDT. The index has gained 4.04% during the past five days but has declined 8.40% over the last year-to-date.
Factors favouring BHP share prices
On 16 August 2022, BHP Group Limited released the results of its FY22. The company claims to have achieved its strategic milestones in the 2022 financial year. In the FY22 report, BHP listed a few factors that contributed to the company's growth:
- According to BHP, it gained record sales volumes at its WAIO mining hub, along with setting the mined material record at the Escondida location.
- As per the FY22 report, BHP reported underlying EBITDA of US$41 billion at a margin of 65%.
- The baseline OEI2 was improved by 24 basis points thanks to the BHP Operating System (BOS). BHP produced a profit of US$34.1 billion from operations in FY22, witnessing an increase of 34% from the prior year.
- Lastly, BHP paid governments US$17.3 billion in taxes, royalties, and other contributions, as per the FY22 report.
Apart from this, the company paid its eligible shareholders a final dividend of US$1.75 per share on 22 September 2022. The corporation will spend a total of US$8.9 billion, including an additional US$3 billion, to distribute dividends to its stockholders.
Know about BHP Group Limited
BHP Group Limited represents itself as a natural resources company dealing in mineral resource exploration, development, production, and processing. The company has its operations all over the world and is headquartered in Melbourne, Australia. Sales and marketing are handled out of Singapore.
