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Sept. 16, 2019, 1:57 a.m. EDT

BHP shares jump 6% on oil price spike

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By Rhiannon Hoyle


AFP/Getty Images

SYDNEY--Shares of BHP Group Ltd. /zigman2/quotes/201448516/delayed AU:BHP +2.76%   /zigman2/quotes/208108397/composite BHP +0.61%  ( /zigman2/quotes/203323256/delayed UK:BHP +1.52% , the world’s biggest mining company by value, jumped as much as 6% to 39.34 Australian dollars (US$27.05) a share early Monday following a surge in crude oil prices.

BHP, a major producer of commodities such as iron ore and steelmaking coal, has a substantial oil-and-gas division that sets it apart from most of its peers and accounted for roughly 15% of the company’s underlying earnings in fiscal 2019.

The jump, which followed a 13% surge in Brent crude prices following an attack on Saudi Arabia’s oil infrastructure, took BHP’s Australian stock to its highest intraday value since Aug. 1.

Read: U.S. oil’s 10% surge after Saudi attack puts it on track for the biggest daily gain in 3½ years

/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.41
+0.95 +2.76%
Volume: 2.44M
May 28, 2020 12:32p
P/E Ratio
13.25
Dividend Yield
6.02%
Market Cap
$179.51 billion
Rev. per Employee
N/A
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/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 46.21
+0.28 +0.61%
Volume: 2.08M
May 27, 2020 4:00p
P/E Ratio
12.43
Dividend Yield
6.19%
Market Cap
$67.63 billion
Rev. per Employee
N/A
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/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,571.80 p
+23.60 +1.52%
Volume: 5.91M
May 27, 2020 4:35p
P/E Ratio
10.80
Dividend Yield
7.17%
Market Cap
£78.29 billion
Rev. per Employee
N/A
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