Petroleum was less than 15% of revenue in FY19. Crude has gone down in price, IO up. So petroleum revenue % will be even less for FY20. Lower average crude prices in FY20 shouldn't make a material difference to the overall picture, especially as IO margins are so high. I think BHP will surprise to the upside when results are released, and frankly I'm surprised it hasn't already hit the pre-COVID highs of approx $41.
BHP $38.20 breakout - Target $40.30, page-9
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Last
$39.73 |
Change
-0.280(0.70%) |
Mkt cap ! $201.4B | |||
| Open | High | Low | Value | Volume |
| $39.90 | $40.05 | $39.61 | $245.1M | 6.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3989 | $39.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.75 | 8637 | 2 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |