Woodside Energy's annual profit declines 13%

Reuters
02-25
Woodside Energy's annual profit declines 13%

Feb 25 (Reuters) - Oil and gas producer Woodside Energy WDS.AX reported a 13% drop in its full-year profit on Tuesday, hurt by lower realised prices which offset higher production.

The company posted an underlying net profit after tax of $2.88 billion for the year ending December 31, ahead of the Visible Alpha consensus estimate of $2.83 billion, but below last year's $3.32 billion.

It declared a final dividend of 53 cents per share, compared with 60 cents apiece last year.

(Reporting by Sameer Manekar in Bengaluru; Editing by Shounak Dasgupta)

((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))

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