Yet again, iron ore emerged as a key driver of BHP’s profitability, all thanks to supportive prices. Although copper also fared reasonably well, it was still much-behind potential (in ROCE terms). With respect to fossils, while oil benefited (in margin terms) from operational efficiencies, coal’s severe difficulties weren’t surprising. Fortunately, with the new CEO emphasising on strengthening BHP’s green positioning, it seems that the much-needed strategic change is f
24 Feb 2020
Iron ore-driven H1; green focus slowly coming to the fore
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Iron ore-driven H1; green focus slowly coming to the fore
BHP Group Ltd (BHP:LON) | 2,383 1096.2 2.0% | Mkt Cap: 120,788m
- Published:
24 Feb 2020 -
Author:
Varun Sikka -
Pages:
4
Yet again, iron ore emerged as a key driver of BHP’s profitability, all thanks to supportive prices. Although copper also fared reasonably well, it was still much-behind potential (in ROCE terms). With respect to fossils, while oil benefited (in margin terms) from operational efficiencies, coal’s severe difficulties weren’t surprising. Fortunately, with the new CEO emphasising on strengthening BHP’s green positioning, it seems that the much-needed strategic change is f