BHP Speeds Up Plans to Exit U.S. Shale Unit

BHP Billiton's first half profit reached a three-year high, boosting investor returns. Despite this, the company faced pressure from Elliott Management for a corporate overhaul. Analysts noted that while some financial figures were below expectations, the dividend payout exceeded predictions, highlighting the cash generation by mining companies. BHP's strategic decision to exit its US shell business, a problematic investment, aligns with activist investor demands. The company aims to capitalize on positive oil and gas market trends.

What was the reason for BHP Billiton's increased investor returns in the first half?

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What percentage of profits is BHP paying out in dividends?

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How did copper prices impact BHP's performance during the half?

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What concerns did Elliott Management raise regarding BHP Billiton?

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What was the outcome of BHP's investment in the shell business?

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