BHP ltd : H1 results solid and in line, constructive outlook for 2024
>Results in line, copper strength offsets softness on iron ore, coal and nickel - BHP’s H2 2023 (to 31 December) results were in line with expectations. Underlying EBITDA was $ 13.9bn, 1% below the consensus and ODDO BHF but up 5% y-o-y thanks to higher commodity prices and volumes partly offset by lingering inflation, with unit costs 5% higher, but representing a deceleration vs previous levels. The largest iron ore division saw a 27% increase to $ 9.7bn, albeit 1% ...BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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