Underlying profit for the June half rose 4 per cent at the oil and gas producer, which is seeking to head off potential industrial action possible from September 2.
Net income rose six per cent to $US1.74 billion in the six months ended June 30Woodside Energy has posted a 6 per cent increase in first-half profit to a record, buoyed by an increase in oil and gas production to an oil time high after the merger with BHP’s petroleum business in June last year.
The Perth-based oil and gas producer declared an interim dividend of US80¢ per share, down 27 per cent from US109¢ at the same time a year earlier when the payout was boosted by a completion payment on the BHP deal. Ms O’Neill pointed to progress on new projects during the June half, including a final investment decision on the large Trion oil project offshore Mexico, and on the next phase of gas development on fields off the West Australian coast to supply the partly owned Wheatstone LNG project.with two Japanese trading houses who will buy into the company’s $16.5 billion Scarborough LNG project in Western Australia.
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