Woodside Energy reported a 74% fall in annual net profit due to impairments in the U.S. Gulf of Mexico and Australia.

Woodside Energy reported a 74% fall in annual net profit, primarily due to impairing assets in the U.S. Gulf of Mexico and Australia. The company's full-year underlying earnings dropped 37% to $3.32 billion, with annual revenue falling to $13.99 billion. Woodside's annual production reached 187.2 MMboe (513 Mboe/d) and maintained 98% operated LNG reliability. Despite the profit decline, Woodside Energy declared a final dividend of $0.60 a share, bringing the full-year payout to $1.40 a share.

February 26, 2024
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