BHP FY Profit Falls On U.S. Shale Oil Write-downs

BHP Billiton plc (BHP.AX, BLT.L, BBL, BHP) reported a profit for the year ended 30 June 2018 that declined 37 percent from last year, reflecting massive write-down on its US onshore oil and gas assets, US tax reform and the ongoing fallout from its Brazilian dam collapse. But, underlying attributable profit increased 33%, supported by 8% Group copper equivalent volume growth.

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