MARKETS

Woodside records 74% fall in net profits despite record output

Record production doesn’t halt the impacts of lower commodity prices

Colin Sandell-Hay

Woodside CEO Meg O'Neill

Woodside CEO Meg O'Neill

Woodside has today reported a 74% decline on net profits after tax (NPAT) thanks to a major fall in commodity prices and a historic impairment cost. While it achieved record production of 187.2 MMboe...

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