Woodside Energy posts 24% slide in profit as lower prices weigh on FY earnings
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The news: Oil giant Woodside Energy reported a 24% drop in full-year profit to USD2.72 billion ($3.85 billion), as lower realised prices offset record annual production.
The numbers: The result beat average estimates of USD2.61 billion, according to Visible Alpha data. Operating revenue fell 1% year on year to USD12.98 billion, below estimates of USD13.11 billion.
The group declared a final dividend of 59 US cents per share, up from 53 US cents per share last year. That took full-year dividends to 112 US cents per share, down from 122 US cents per share last year.
The context: Woodside acting CEO Liz Westcott said the record annual production in 2025 exceeded the company’s guidance range, while unit production cost decreased 4% from 2024 to USD7.8 per barrel of oil equivalent.
“Our strong underlying NPAT of $2.6 billion and free cashflow of $1.9 billion is a testament to the performance of the base business during a period of increased capital expenditure and softening prices,” said Westcott.
The source: ASX
