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Another record payout for BHP even as costs climb

Market now pushing for M&A as payouts go up and debt comes down
February 15, 2022
  • Iron ore, copper and coal prices drive record interim profit
  • The Big Australian's boss commits to growing "future facing" commodities sales

The world’s biggest mining company, BHP (BHP), has maintained its hefty payout plans even as costs are spiking in the second half of its financial year, resulting in a record $7.6bn (£5.6bn) half-year dividend. This will be the first dividend under the company’s unified corporate structure, which passed a shareholder vote last month, as well as the first results after the decision to sell off petroleum assets to Woodside Petroleum (AU:WPL)

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