Woodside Petroleum Limited
(ASX:WPL) has reported its second largest annual profit result over a year in which revenue grew 25 per cent to a record $US7.4 billion.
The oil and gas producer boosted its net profit by 38 per cent to $US2.4 billion over the full 2014 financial and calendar year.
The result comes after Woodside last month posted record annual output and sales revenue and flagged plans to revise its investment expenditure.
Looking ahead CEO Peter Coleman has confirmed production is likely to come in between 84 - 91 million barrels of oil equivalent (mmboe) in 2015.
A fully-franked final dividend of $US1.44 has been declared, taking the full year payout to $US2.55 per share.
