BHP May Add to $23 Billion in Share Buybacks as Profit Surges to a Record
BHP may add to almost $23 billion spent since 2004 buying back stock as the world's largest mining company seeks to deploy cash generated by record profit.
BHP said yesterday it completed a $10 billion share buyback, six months ahead of schedule. Spending that amount again would still leave scope for a $65 billion acquisition in the second half.
BHP is due to report 2011 fiscal year earnings on Aug. 24. Net income will jump 75 percent to a record $22.3 billion according to the average estimate of 14 analysts compiled by Bloomberg.
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Last
$40.26 |
Change
-0.100(0.25%) |
Mkt cap ! $204.3B | |||
| Open | High | Low | Value | Volume |
| $40.46 | $40.49 | $40.16 | $86.96M | 2.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1103 | $40.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.26 | 213 | 5 |
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| Last trade - 12.40pm 19/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |