BHP Huge Profit and Record Dividend But Warns on Higher Costs And Global Uncertainty

Australian mining giant BHP Billiton’s June quarter earnings saw huge leaps in revenue but lagged behind forecasts. $BLT announced a record dividend however cautioned on higher cost pressures and macroeconomic uncertainties.

BHP Sells U.S. Shale Assets To BP for $10.5 Billion

Australian mining giant BHP announced it will sell its U.S. shale assets to Britain’s oil major BP for $10.5 billion.  BHP about a year ago said it would sell them after it had determined “are non-core and we are actively pursuing options to exit these assets for value”.