# BHP Group: Copper overtakes iron ore as primary driver > Live situation record from CLSTR: https://clstr.news/situations/bhp-group-share-price-and-dividend-outlook > Updated: 2026-08-31T01:20:04.000Z. Sources: 31. Developments: 9. For the fiscal year ending June 30, 2026, BHP Group reported a 9% increase in statutory attributable profit to US$9.8 billion and a 15% rise in revenue to US$58.8 billion. A defining feature of this period was a structural shift in earnings, as copper overtook iron ore as the company’s primary profit driver. Copper generated US$18.19 billion in underlying EBITDA, accounting for 54% of the group’s total underlying EBITDA of US$32.9 billion. This performance was supported by average realized copper prices rising approximately 35% to US$5.74 per pound. Despite the pivot toward copper, BHP achieved record iron ore production of 264.7 million tonnes. In response to the strong results, the board declared its highest annual dividend in four years, totaling US$1.72 per share. Analysts have noted BHP’s strategic focus on copper and other critical minerals to capitalize on global electrification and decarbonization trends. To meet this demand, the company is developing a copper pipeline across Australia, Chile, and Argentina, aiming to increase production by up to 40% by 2035. By late August 2026, the broader mining sector, including peers like Anglo American, showed similar strength driven by robust commodity prices and improved realized prices for industrial metals. ## Claims - BHP reported a 9% increase in full-year profit to US$9.8 billion for the year ended June 30, 2026. (disputed by 14 sources) - Underlying attributable profit increased 30% to US$13.2 billion. (disputed by 3 sources) - Annual revenue rose 15% to US$58.8 billion. (corroborated by 14 sources) - BHP declared a final dividend of 99 cents per share, bringing the full-year distribution to US$1.72 per share. (corroborated by 14 sources) - The company aims to increase copper production by up to 40% by 2035 through its project pipeline in Chile, Australia, and Argentina. (corroborated by 11 sources) - Copper became the company's primary earnings driver, contributing 54% of underlying EBITDA. (corroborated by 10 sources) - Copper EBITDA rose around 48% year on year. (single source) - Iron ore production reached 264.7 million tonnes. (single source) ## Timeline ### 2026-08-31: BHP Group reports US$9.8 billion annual profit BHP Group Ltd reported a 9% increase in annual profit to US$9.8 billion for FY 2026, driven by strong revenue and a strategic focus on copper and critical minerals for the energy transition. 3 sources. https://clstr.news/cluster/bhp-group-reports-us98-billion-annual-profit ### 2026-08-21: Mining sector sees growth as BHP and Anglo American report strong earnings Mining giants BHP Group and Anglo American report strong financial results driven by high copper and nickel prices and increased production volumes. 2 sources. https://clstr.news/cluster/mining-sector-sees-growth-as-bhp-and-anglo-american-report-strong-earnings ### 2026-08-16: BHP copper earnings overtake iron ore to drive record profits BHP's copper earnings have overtaken iron ore for the first time, driving a 9% rise in annual profit to US$9.8 billion and enabling the company's highest dividend in four years. 25 sources. https://clstr.news/cluster/rio-tintos-tomago-smelter-bailout-highlights-rising-aluminium-demand ### 2026-08-08: BHP Group dividend outlook focuses on strong iron ore and copper performance BHP Group Ltd faces a significant dividend announcement on 18 August following a strong year of record iron ore volumes and robust copper production. 2 sources. https://clstr.news/cluster/bhp-group-dividend-outlook-focuses-on-strong-iron-ore-and-copper-performance ### 2026-07-29: BHP Group shares see investor buying and stable performance amid commodity outlook Institutional investors, led by Guardian Partners, added to BHP shares as the stock stayed flat in July, up 1% month‑on‑month, while record iron‑ore output offsets a copper decline caused by a Carrapateena mine 2 sources. https://clstr.news/cluster/bhp-group-shares-see-investor-buying-and-stable-performance-amid-commodity-outlook ### 2026-07-12: BHP Group shares surge on copper strength and dividend outlook BHP shares jump 28% YTD on copper price gains, strong mine output and a $4.3 bn silver streaming deal, while analysts remain mixed and dividend yield falls. 3 sources. https://clstr.news/cluster/bhp-group-shares-surge-on-copper-strength-and-dividend-outlook ### 2026-06-25: BHP reshapes executive team amid analyst debate on share value BHP reorganises its executive team, splitting Americas leadership and adding copper responsibilities, while analysts debate the miner's share value amid mixed iron‑ore and copper outlooks. 3 sources. https://clstr.news/cluster/bhp-reshapes-executive-team-amid-analyst-debate-on-share-value ### 2026-06-21: BHP Group shares surge 70% in a year as dividend yield steadies BHP shares are up 71% YoY, trading near $60.70; analysts rate them mostly hold with modest upside targets, while the dividend yield sits around 3.5% after a $1.04 interim payout. 2 sources. https://clstr.news/cluster/bhp-group-shares-surge-70-in-a-year-as-dividend-yield-steadies ### 2026-05-31: BHP Group shares rise modestly as copper and iron‑ore prices stabilize BHP Group shares rose 0.27% to $62.48 on June 1 as copper and iron‑ore prices steadied; analysts note solid 2025 earnings, rising copper output and a dividend yield near 3.5%. 3 sources. https://clstr.news/cluster/bhp-group-shares-rise-modestly-as-copper-and-ironore-prices-stabilize --- Cite as: BHP Group: Copper overtakes iron ore as primary driver. CLSTR, https://clstr.news/situations/bhp-group-share-price-and-dividend-outlook