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BHP Earnings Nearly Triple as Coal Prices Run Hot

ADELAIDE, Australia—BHP Group Ltd. stated its annual revenue practically tripled as it benefited from the sale of its petroleum enterprise and powerful commodity costs, but it surely signaled an unsure outlook as rising rates of interest take their toll on developed economies.

BHP, the world’s largest miner by market worth, on Tuesday reported a internet revenue of $30.90 billion for its fiscal yr via June, up from a revenue of $11.30 billion in the identical interval a yr earlier. The outcome included an distinctive acquire of $7.1 billion, largely due to the merger of its petroleum enterprise with Woodside Energy Group Ltd.

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