Woodside Petroleum Limited (ASX:WPL) has reported an 8 per cent fall in profits but says that’s due to the positive impact of an asset sale and lower income tax expenses in the corresponding period.
For the six months to June 30 Woodside posted a net profit of $800 million. Revenue was 7 per cent higher than last year thanks to higher commodity prices having a positive impact.
Today’s earnings release will be Peter Coleman’s first full briefing of the market on his strategy since leaving ExxonMobil.
A fully franked interim dividend of US 55 cents has been declared.
