Key takeaway: The oil and gas producer did better than the market thought, given contracting market conditions, with it putting into place an action plan to reduce its 72.8 million tonnes of CO2 by five million tonnes.
Australia’s largest energy firm, the ASX-listed Woodside, achieved a record year for production but its profits were hit by markets coming down from an incredible high in 2022 – due to oil and gas prices spiking following Russia’s illegal invasion of Ukraine – and an impairment of the
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
Revenue: Down 17% to US$13.99b
Net profit:Down 74% to US$1.67b
Key takeaway: The oil and gas producer did better than the market thought, given contracting market conditions, with it putting into place an action plan to reduce its 72.8 million tonnes of CO2 by five million tonnes.
