Down 20% in 6 months, what’s next for the BHP share price?

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.