Woodside see profit jump by a quarter

Company News

by Rachael Jones

Woodside (ASX:WPL) has recorded a full-year net profit after tax (NPAT) of $1.92 billion, an increase of 28 per cent from the prior corresponding period.

Production was 91.4 million barrels of oil equivalent (MMboe) and operating revenue was $5.24 billion.

EBITDA is at 3.814 billion up from $2.918 from last year.

Woodside has an oil project in Senegal targeted for a final investment decision this year, and plans for the large Scarborough, Pluto-2 and Browse gas projects in Western Australia in 2020.

The company produced 6 per cent of global LNG supply.

The directors have declared a final dividend of US 91 cents per share (cps), bringing the full-year dividend to US 144 cps.

Shares in Woodside (ASX:WPL) are trading 2.75 per cent higher to $35.82.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.