-0.9 C
Ottawa
Sunday, November 9, 2025

Woodside Profit Slides 24 Percent Despite Oil and Gas Production Boom

Date:

The energy giant says there’s potential growth in the Asia Pacific region.

Woodside Profit Slides 24 Percent Despite Oil and Gas Production Boom

A Woodside logo is seen in Perth, Western Australia, on March 16, 2024. Susan Mortimer/The Epoch Times

Monica O’Shea

|Updated:

Oil and gas giant Woodside Energy has reported a 24 percent drop in its underlying net profit after tax (NPAT) at US$1.2 billion in the first half of 2025.

The energy company attributed this fall to lower oil and gas prices, and depreciation of its Sangomar oil project in Senegal.

Monica O’Shea

Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]

Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

Subscribe

Popular

Biophotons: Humans are “Beings of Light”

Many scientists still mourn the passing of the brilliant Dr. Fritz-Albert Popp (recently deceased in 2018). He was an unexpected “great gift to science”...

The “Universe 25” experiment

The "Universe 25" experiment remains one of the most unsettling studies ever conducted in behavioral science. It was carried out by American ethologist John B....

More like this
Related

Beijing Suspends Latest Rare Earth Export Curbs, Restores Soybean Licenses

Workers transport soil containing rare earth elements for export...

Day in Photos: Rally in Serbia, Explosions in Jakarta, and a Waning Gibbous Moon

Students gather in front of the Serbian National Assembly...

Average UK House Price Jumped to New Record High in October, Says Halifax

Demand from home buyers has held up well moving...

Economists Warn US Must Build Millions of Homes to End Affordability Crunch

Townhouse for sale in Elkridge, Md., on Sept. 27,...