Home / Sector / Resources Shares / How has the BHP (ASX:BHP) share price performed since reporting results?

How has the BHP (ASX:BHP) share price performed since reporting results?

Iron ore prices slipped another 4% overnight but BHP shares are climbing

Posted by
Bernd Struben
Bernd Struben earned his BA in economics from the University of Michigan in 1991, with post-graduate studies in environmental economics at the University of Connecticut. Over the years he’s written about and analysed the tourism industry in the Caribbean; Europe’s commercial real estate markets; and, since moving to Australia in 2010, global and Aussie share markets. Bernd studies geopolitical and macroeconomic trends, alongside sector and company specific data, to gauge what he believes could be tomorrow's best investments. In his free time, you might find Bernd at the beach with his family or working on his next science fiction novel.
Published
| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The BHP Group Limited (ASX: BHP) share price is on the rise in early afternoon trade today. It is currently up 1.65% to $40.92 per share.

The S&P/ASX 200 Index (ASX: XJO) is up a more modest 0.82%.

Investors will welcome the BHP share price lift today. The miner has been heavily sold off in recent weeks amid plummeting iron ore prices.

Iron ore dropped another 4% overnight to US$117 per tonne. Just 4 weeks ago, on 17 August, it was trading for US$167 per tonne. That's 30% above today's price.

That was also the day that BHP released its full-year 2021 financial results (FY21).

Below we recap those results, and how the BHP share price has been performing since.

Woman looks puzzled as she types on laptop and uses phone.

Image source: Getty Images

What FY21 results did the ASX 200 miner report?

BHP reported its FY21 results after market close on 17 August. At the time the BHP share price stood at $51.33.

Among the key metrics BHP reported were underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) of US$37.4 billion (AU$51.2 billion). That was up 69% from FY20.

The mining giant also gifted investors a big dividend boost. The company declared a final dividend of US$2.00 per share, fully franked. That brought BHP's full-year dividend to $3.01 per share, up 151% on the previous year.

Earnings reporting day also came with a big announcement on BHP's merger deal with Woodside Petroleum Limited (ASX: WPL).

Commenting on the merger, BHP's chairman Ken MacKenzie said:

The agreement to pursue a merger of BHP's petroleum business with Woodside will maximise the value of our oil and gas assets through increased operating scale and synergies, with a more diversified product portfolio to support the energy transition.

How has the BHP share price performed since the results?

Despite the big dividend payout and soaring profits, investors hit the sell button on 18 August, the first day of trading after the results announcement. The BHP share price closed the day down a painful 7%.

Since reporting, and facing hefty tailwinds from falling iron ore prices, BHP's shares have lost 21%.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Resources Shares

a man wearing a hard hat and a high visibility vest stands with his arms crossed in front of heavy equipment at a mine site.
Resources Shares

3 ASX mining shares: Buy, hold, or sell?

| Bronwyn Allen

ASX 300 mining shares have fallen 16% since the conflict in Iran began.

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Resources Shares

Following a key approval, one broker tips 80% upside for this ASX rare earths stock

| Cameron England

There could be massive gains to be made.

Read more »

Two workers on site discuss the next stage of this civil engineering job.
Resources Shares

This ASX mining stock just jumped. Here's what's driving the move today

| Aaron Teboneras

Nickel Industries shares are in the green today.

Read more »

A business person directs a pointed finger upwards on a rising arrow on a bar graph.
Broker Notes

Why this buy-rated ASX mining share is tipped to surge 112%

| Bernd Struben

A leading broker expects this ASX mining share to more than double investors’ money in a year.

Read more »

A woman in high visibility clothing and a hard hat stands in front of an aluminium smelter.
Resources Shares

Rio Tinto just locked in a major deal. Here's why investors are buying today

| Aaron Teboneras

Rio Tinto shares rise after announcing a major aluminium deal.

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Resources Shares

Are these 3 ASX 200 mining shares a buy, hold, or sell?

| Bronwyn Allen

What changes have the experts made to their ratings and price targets since the war in Iran began?

Read more »

A man in a hard hat gives a thumbs up as he holds a clipboard in one hand against a blue sky background.
Resources Shares

ASX mining shares have slumped but long-term outlook is positive

| Bronwyn Allen

The ASX 200 materials sector has slumped 19% since the war in Iran began.

Read more »

Two workers working with a large copper coil in a factory.
Broker Notes

Should you buy this $8 billion ASX 200 copper stock amid surging global demand?

| Bernd Struben

A leading analyst drills into the outlook for this $8 billion ASX copper miner.

Read more »