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Woodside profit trebles on merger, prices

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Woodside Energy’s full-year net profit has more than trebled due to soaring commodity prices and its merger last June with BHP’s petroleum business.

Core net profit, the figure most closely watched by the market, jumped to $US5.23 billion in the year ended December 31, up 223 per cent from 2021 but shy of the market consensus.Dominic Lorrimer

Woodside declared a final dividend of $US1.44 a share, up from $US1.05 a share at the same time last year. The full-year payout to shareholders totalled $US4.8 billion.

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