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Woodside Energy reports a 24% drop in earnings despite higher revenue and production.
Woodside Energy, an Australian oil and gas company, reported a 24% drop in interim earnings to $1.24 billion despite a 10% increase in operating revenue and an 11% rise in production.
The decline is attributed to lower commodity prices and other expenses.
Woodside announced progress on its Scarborough Energy Project and declared an interim dividend of 53 US cents per share, lower than the previous 69 cents.
The company's share price fell by 1.5% to $26.49.
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Woodside Energy informa una caída del 24% en las ganancias a pesar de mayores ingresos y producción.