BHP Billiton year to June profit seen up sharply on higher prices, demand
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Australian resources firm BHP Billiton is expected to post sharply higher earnings in the year to June aided by rising commodities prices, high production levels and continued strong demand from China, analysts said.
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The oilfield services company said profit rose 35 percent to $1.35 billion in the third quarter, as strong demand in Latin America, Russia and Asia offset weakness in domestic markets.
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BHP Billiton, the world&#39;s biggest miner, will buy back as much as A$1.5 billion ($1.6 billion) of its Australian stock as part of a plan to return profit from soaring commodity prices to investors.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday on  the back of high oil prices and stronger than expected refining  and chemicals margins.
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Anglo-Australian mining giant BHP Billiton on Wednesday announced Australia&#39;s biggest ever annual net profit, US$3.51 billion (euros 2.84 billion), thanks to soaring demand.
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Anglo-Australian mining giant Rio Tinto has said that interim net profits rocketed 75.3 percent, with a colossal increase in copper prices contributing one billion dollars to the earnings.
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BHP Billiton on Wednesday reported its highest profit ever as it beefed up production to meet rising demand from China that bolstered prices for its copper, zinc, silver and lead.
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Occidental Petroleum Corp. OXY.N on  Monday reported a higher quarterly profit, benefiting from high  oil and gas prices.
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Occidental Petroleum Corp. OXY.N,  among the top U.S. oil and gas producers, on Thursday said  quarterly profit shot up 70 percent, spurred by the dramatic  rise in oil and gas prices in recent months.
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BHP Billiton chief executive Chip Goodyear yesterday insisted this week&#39;s record profit &quot;isn&#39;t as good as it gets&quot;, as the market wrestled with how to value the stock amid speculation that its share price was near cycle peaks.
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The world&#39;s biggest mining group, BHP Billiton, says its second-half net profit has more than doubled on strong demand for industrial raw materials and forecast sustained high prices for commodities.
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Nucor Corp., one of the largest U.S.  steel producers, on Thursday reported a more than 25-fold  increase in quarterly profit due to high steel prices, and said  it expected demand to remain strong next year.
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UK Coal more than doubles its half-year profits, thanks to the rising profitability of its mines and property portfolio.
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Mining giant BHP Billiton today unveiled record full-year results after commodity prices soared on the back of surging demand in China.
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Mining giant BHP Billiton, which aims to buy rival Rio Tinto, reports record half-year production levels.
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BHP Billiton, the world&#39;s biggest mining company, has doubled its profits in the second half of the year on the back of booming global commodity prices.
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Aug. 18 (Bloomberg) -- BHP Billiton, the world&#39;s biggest miner, more than doubled second-half profit as Chinese demand boosted commodity prices. The company is considering returning as much as $2 billion to investors, including share buybacks.