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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 -0.06%   /zigman2/quotes/208108397/composite BHP -1.04%  ( /zigman2/quotes/203323256/delayed UK:BHP -1.02% , 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
$ 34.84
-0.02 -0.06%
Volume: 3.77M
Oct. 18, 2019 2:58p
P/E Ratio
14.66
Dividend Yield
5.50%
Market Cap
$182.25 billion
Rev. per Employee
N/A
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/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 47.67
-0.50 -1.04%
Volume: 1.37M
Oct. 17, 2019 6:30p
P/E Ratio
14.04
Dividend Yield
5.58%
Market Cap
$70.92 billion
Rev. per Employee
N/A
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/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,606.00 p
-16.60 -1.02%
Volume: 5.22M
Oct. 17, 2019 4:35p
P/E Ratio
12.24
Dividend Yield
6.56%
Market Cap
£82.05 billion
Rev. per Employee
N/A
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