BHP Billiton is a global leader in the resources industry, and its share price has been a barometer of the health of the sector over the last few decades. The company’s growth and success has seen its share price rise steadily since the early 2000s, and today it is one of the world’s most valuable companies.
BHP Billiton was created in 2001 by a merger between two of Australia’s largest mining companies, Broken Hill Proprietary and Billiton. The two companies had been operating independently since the late 19th century, and the merger was seen as a way for them to combine their strengths and become a global leader in the resources industry.
The newly formed BHP Billiton was listed on the Australian Stock Exchange in 2002, and the company’s share price began to climb. The company’s focus on expanding into new markets and increasing its production of commodities saw it become one of the largest resources companies in the world, and its share price rose further.
The global financial crisis of 2008-2009 saw BHP Billiton’s share price take a hit, as the resources sector was one of the hardest hit by the downturn. However, the company was able to weather the storm and its share price recovered, and by 2010 it had reached a new high.
Since then, the company’s share price has risen steadily, and in 2015 it reached an all-time high of over $45 per share. This was driven by strong demand for commodities, particularly iron ore and coal, as well as BHP Billiton’s strong financial performance. The company has continued to perform well, and its share price has remained relatively stable since then.
In 2017, the company announced a merger with rival resources company Rio Tinto, creating a new global giant in the resources sector. The merger was seen as a positive move for BHP Billiton, and its share price rose in response. The company’s share price has continued to rise since then, and today it is trading at around $45 per share.
BHP Billiton’s share price has been a reflection of the health of the resources sector over the last few decades, and the company has been a leader in the industry. Its strong financial performance and commitment to expanding into new markets has seen its share price remain relatively stable since 2010, and it looks set to continue its growth into the future.
Conclusion
BHP Billiton’s share price has been a reflection of the health of the resources sector over the last few decades. The company’s focus on expanding into new markets and increasing its production of commodities has seen its share price rise steadily since the early 2000s, and today it is one of the world’s most valuable companies. The company’s strong financial performance and commitment to expanding into new markets has seen its share price remain relatively stable since 2010, and it looks set to continue its growth into the future.