Business
Here’s why the BHP (ASX:BHP) share price is closing in on its record high
The BHP Group Ltd (ASX: BHP) share price was a positive performer on Tuesday.
The mining giant’s shares rose almost 3% to close the day at $47.00.
This leaves the BHP share price trading within touching distance of its record high of $47.54.
Why did the BHP share price push higher today?
Investors were buying BHP shares on Tuesday following the release of a solid half year result. For a deeper dive into its result, you can read about it here.
For the six months ended 31 December, the mining giant posted a 15% increase in revenue to US$25.64 billion and a 21% jump in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to US$14.7 billion. The latter was driven by a 3-percentage point expansion in its…
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