BHP shares were higher after delivering a bumper result for the 2022 financial year, beating marketing expectations. BHP delivered its second-largest profit to date with underlying profit coming in at US$21.3 billion, which does not include the profit generated from the sale of its petroleum assets to Woodside. The full-year dividend came in at US$3.25 per share, well ahead of analyst expectations. Iron ore prices continue to remain elevated (on a 10-year view still above $100/tonne) but the standout was coal operations, as its prices have surged recently and held up much better, benefitting from the Ukraine invasion.