What’s brewing at BHP Limited? - Kalkine Media

January 16, 2023 07:07 PM AEDT | By Khushboo Joshi
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Highlights 

  • Shares of BHP have gained 8.43% in the last one month of trading on ASX.
  • In the previous six months, the company has gained 34%.
  • In December 2022, BHP inked a scheme implementation deed to acquire OZ Minerals.

Australian multinational firm dealing in mining, metals, natural gas, and petroleum, BHP Group Limited (ASX:BHP) is an ASX 50 index company and got listed on the ASX in 1885.

With a market capitalisation of AU$251.46 billion, BHP is among the most crucial companies affecting Australia’s economy.

Meanwhile, as far as BHP’s share price is concerned, on 16 January 2023, the shares traded at AU$49.610, down 0.060% at 2:27 PM AEDT. 

Here are recent developments at BHP Limited

  • On 22 December 2022, BHP revealed that it had entered into a scheme implementation deed (SID) with OZ Minerals (ASX:OZL) to acquire 100% of OZL.
  • BHP would be paying AU$28.25 per OZL share under the scheme.
  • BHP shared that this is a non-indicative proposal, and the SID will be following a four-week exclusive due diligence period.  
  • As per BHP, at the offer price of AU$28.25 per OZL share, OZL is valued at AU$9.6 billion.
  • In its Annual General Meeting held in November 2022, BHP highlighted that it has delivered strong operational and financial results in 2022.
  • The company recorded EBITDA of US$40.6 billion, up 16%, free cash flow of US$25.2 billion, up 30% and declared a total dividend of US$3.25 per share.
  • BHP’s cash returns to shareholders for the year stood at US$16.4 billion. The company also distributed a further US$19.6 billion in value as an in-specie dividend via the merger of its petroleum business with Woodside. In total, BHP provided US$36 billion in value returned to shareholders last year.
  • BHP shared that its global economic contribution topped US$78 billion in the last financial year. This includes more than US$57 billion in Australia. 

Recent share price performance

BHP shares have marked a gain of 4.25% in the last five trading days on the ASX. In the previous one month of trading, the company has gained 8.56%. In the last six months of trading, BHP has increased 34.11%, and in the last year of trading, it has accelerated by 7.43%. On a year-to-date basis, BHP has gained 9.38% and in the last five years, it has surged by 61.55% (as of 2:49 PM AEDT, 16 January 2023).


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