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 financial expert or broker looks worried as he checks out a graph showing market volatility.
Resources Shares

2 ASX 200 mining shares this fund manager is backing for long-term growth

| Bronwyn Allen

Blackwattle is invested in the ASX 200's largest diversified miner and its biggest lithium producer.

Read more »

Two mining workers on a laptop at a mine site.
Resources Shares

Buying ASX 200 mining shares? Here's how Rio Tinto, Fortescue and BHP stacked up in March

| Bernd Struben

Buying Rio Tinto, Fortescue, or BHP shares? Here’s how the ASX mining stocks performed in March’s sinking market.

Read more »

Miner looking at a tablet.
Resources Shares

Why are shares in this ASX copper developer surging more than 45%?

| Cameron England

A deal for a major funding package has been struck.

Read more »

Woman with gold nuggets on her hand.
Resources Shares

Northern Star Resources posts Q3 gold sales, on track for FY26

| Laura Stewart

Northern Star Resources sold 381,000 ounces of gold in Q3 FY26, keeping its production guidance in sight.

Read more »

A group of people in suits and hard hats celebrate the rising share price with champagne.
Resources Shares

$7,500 invested in Rio Tinto shares 10 days ago is now worth…

| Samantha Menzies

The miner's shares crashed 15% in the first three weeks of March.

Read more »

An executive stands looking out a glass window over the city.
Resources Shares

Why this ASX 200 stock just jumped 5% on Wednesday

| Aaron Teboneras

Perenti shares are up 5% after naming a new Chief Executive.

Read more »

Smiling miner.
Resources Shares

3 reasons why the Rio Tinto share price could be a buy

| Tristan Harrison

Let’s unearth why Rio Tinto could be an opportunity worth digging into.

Read more »

Two workers working with a large copper coil in a factory.
Resources Shares

Up more than 90% over the past year, analysts say this ASX copper stock can keep going

| Cameron England

Canaccord Genuity says this is a copper stock to watch.

Read more »