The BHP Group Ltd (ASX: BHP) share price has suffered a sizeable drop over the last six months, falling by around 20%.
Considering the massive size of the BHP market capitalisation, the 20% drop represents a large fall in dollar terms.
But, can things turn around quickly or will BHP shares be in the doldrums for some time?
Don’t forget, BHP no longer owns a petroleum division, so it’s not benefitting from the high prices and useful cash flow.
When it comes to commodity ASX shares, they are heavily reliant on the resource price. A rise in the resource price can largely add to profit, which can then help the share price.
