BHP’s London shares dropped by 4.8% overnight as the market digested the lower-than-expected profit result and higher-than-expected debt.
Shares in the company lost 4.9% in Australia.
Deutsche Bank downgraded the stock to neutral, while Citi downgraded its recommendation to hold off the back of the result.
The ASX 200 finished less than 3 points higher as Metals & Mining slumped by 3%.
Also weighing on the index was Fortescue Metals Group, which dropped by 4.7% after releasing a half-year profit slightly ahead of expectations.
Sandfire Resources, which reported a strong December half yesterday, was one of the better performers in the mid-tier, ...