BHP Profit Surpasses Forecasts as Copper Earnings Overtake Iron Ore for First Time

洞察:
BHP Group Limited reported a half-year underlying attributable profit on February 16, 2026, that exceeded market expectations, driven primarily by the strong performance of its copper division. For the first time, copper accounted for a majority of the group's underlying operating earnings, contributing 51% of the total. This result marks a structural shift for the company as copper officially overtook iron ore as the largest contributor to its underlying operating earnings.
FILE PHOTO: A BHP Group logo is displayed on their building in Adelaide, Australia, September 18, 2025. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A BHP Group logo is displayed on their building in Adelaide, Australia, September 18, 2025. REUTERS/Hollie Adams/File Photo
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