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
$42.96 |
Change
0.570(1.34%) |
Mkt cap ! $217.9B | |||
| Open | High | Low | Value | Volume |
| $42.74 | $43.16 | $42.65 | $205.9M | 4.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13803 | $42.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.97 | 35250 | 1 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |