While BHP’s full-year results seemed decent, the impact of COVID-19 was evident in H2. Iron ore and copper performed well, but material fossil vulnerabilities (again) came to the fore. Hence, the final dividend was cut significantly. Now management is (finally) considering the disposal of its (thermal) coal assets, and some oil & gas assets. However, difficult market conditions are likely to pose serious challenges. Moreover, the near-term (market) uncertainties are added concerns.<
20 Aug 2020
Mixed full-year results; final dividend slashed; uncertainties ahead
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Mixed full-year results; final dividend slashed; uncertainties ahead
BHP Group Ltd (BHP:LON) | 2,309 -1246.9 (-2.3%) | Mkt Cap: 117,037m
- Published:
20 Aug 2020 -
Author:
Varun Sikka -
Pages:
4
While BHP’s full-year results seemed decent, the impact of COVID-19 was evident in H2. Iron ore and copper performed well, but material fossil vulnerabilities (again) came to the fore. Hence, the final dividend was cut significantly. Now management is (finally) considering the disposal of its (thermal) coal assets, and some oil & gas assets. However, difficult market conditions are likely to pose serious challenges. Moreover, the near-term (market) uncertainties are added concerns.<