Woodside Energy profits fall by $US3.3 billion despite record production [Video]

The fall in energy prices over the past year plus write-offs in WA and in the US clobbered its profit, despite record production.

Operating revenue fell 17 percent, with net profit fell 37 percent, or by $US3.3 billion.

The final dividend was cut by $84US cents a share to $US60 cents.

“The crystal ball game is a difficult one to predict, I would suggest that 2023 is more representative of the long term,” says Woodside CEO Meg O’Neill.

“But the reality is we’ve got geopolitical question marks continuing – we’ve got war in the Middle East… we’ve got an election in the US.”