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.”