It led to a 124 percent increase in profit for the fiscal year, which ran until the end of June, to $ 8.3 billion.
Nevertheless, the company declared a record final dividend of 78 United States cents per share, up from 63 United States cents a year ago, for a record full-year dividend of $US2.35 per share.
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BHP Billiton Chief Executive Andrew Mackenzie said he would stick up for the benefits of globalization and opposed moves towards greater intervention such as removing the independence of central.
"There's obviously been a slight cooling in appetite based on some of the concerns we have seen in the short-term for the global economy". But mining giant BHP (BHP) saw its share price decline by almost 2% on Tuesday to £17.64 with the company admitting a softening of demand in important parts of the world, particularly China.
AJ Bell investment director Russ Mould said that while the figure is considerably less than the $20bn-plus it used to spend during the previous commodities boom, it is "still a very significant amount of money".
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Demand from China has not yet been significantly affected by the trade war, Mackenzie said.
BHP (BHP.L) CEO Andrew Mackenzie said that the trade standoff between the U.S. and China was a consideration for the company, warning that there was "no doubt" that it would "put a dampener on world economic growth".
BHP and the other commodity producers find themselves in a tug-of-war between the attempts to stimulate the Chinese economy through infrastructure and construction spending, and the damage being inflicted by the escalating tariff war between Washington and Beijing.
In some ways the trade dispute is coming down to a game of chicken between Beijing and Washington, with both seemingly now betting that they can hold out longer than the other.
U.S. President Donald Trump has repeatedly criticized the U.S. Fed, accusing it of undermining the administration's economic policies.
For commodity producers such as BHP the old adage of "hope for the best, prepare for the worst" seems the logical corporate strategy.
But the company was jolted by a collapse in commodity prices in 2014, forcing it to introduce a series of cost-cutting measures.