Strong Half-Year Financial Performance
Woodside Energy reported a net profit after tax of more than $1.3 billion, with an EBITDA margin of 70%, despite lower realized prices and inflationary pressures.
Record Production Levels
Achieved half-year production of 548,000 barrels of oil equivalent per day and total production of 99.2 million barrels of oil equivalent, with exceptional performance at Sangomar contributing significantly.
Cost Reduction Success
Reduced unit production costs by 7%, bringing the average to $7.70 per barrel of oil equivalent, which is attributed to increased efficiency and strategic cost control measures.
Strategic Investment Decisions
Final investment decision on Louisiana LNG, positioning Woodside as a global LNG powerhouse, with construction of Train 1 already 22% complete.
Significant Safety Achievements
No high consequence injuries or significant environmental impacts recorded during the half, with 100,000 hours worked without lost time injuries at Northwest Shelf project.
Dividend Policy and Shareholder Returns
Announced a fully franked interim dividend of $0.53 per share, representing a half-year annualized yield of 6.9%, maintaining a payout at the top end of the range.