BHP loses $US148 million when the price of iron ore falls by $US1.
According to BHP’s 2015 annual results, the company had record production of 254 million tonnes of iron ore, 256 million oil barrel equivalents and 43 million tonnes of coal.
But the average realised price for a tonne of iron ore fell 41% to $US53. Crude oil was down 33% to $US52 a barrel.
Here’s the impact on profits across BHP’s commodities: