Woodside Petroleum Limited
(ASX:WPL) has reported a lift in its interim profit on the back of stronger prices and sales volumes.
The oil and gas producer increased its net profit by almost 27 per cent a record $US1.1 billion in the first half of the 2014 financial year.
Woodside says the result was supported by higher prices and sales volumes, no impairment losses and lower exploration and evaluation expenses.
CEO Peter Coleman has described the financial result as outstanding and highlighted record production as a testament to the ongoing reliabilityof the company’s assets.
A fully-franked record interim dividend of $US1.11 has been declared, increasing 34 per cent from the year before.
