Australia's Woodside Petroleum annual profit soars on higher prices
Reuters
Published Feb 16, 2022 05:31PM ET
Updated Feb 16, 2022 10:20PM ET
(Reuters) - Woodside (OTC:WOPEY) Petroleum Ltd said on Thursday its annual profit more than tripled, helped by higher prices and strong demand for oil and gas.
The company posted an underlying net profit after tax, excluding one-time charges, of $1.62 billion for the year ended Dec. 31, compared with a profit of $447 million a year earlier. Analysts had expected a profit of $1.36 billion, according to RBC.
(This story corrects paragraph 2 to say the company reported results for the year ended Dec. 31, not half-year ended Dec. 31)
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Written By: Reuters
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