Australian LNG Commodities Featured Article Iron ore price

BHP fugly

Tuesday 23 February 2016

BHP is out with its half-year results and it ain’t pretty:

So, a -5.7bn profit, a full Samarco write off and huge shale write down, an annihilated dividend and very gloomy outlook across the portfolio:

All future booms and none in sight. Just as well the stock has been rocketing, although it reversed down -3% in the US after market…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.