Woodside Reports Lower H1 Profits on LNG Price Dip ...Middle East

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Woodside Reports Lower H1 Profits on LNG Price Dip
source : OILPRICE ( Middle East ) () 33
Woodside Energy reported a decline in its first-half profits on the back of lower prices for liquefied natural gas. The net result came in at $1.63 billion, which was 14% lower than the net result for the first half of 2023 The company also booked an operating cash flow of $2.39 billion and a free cash flow of $740 million for the period. The free cash flow figure represented a 136% increase in the year. Chief executive Meg O’Neill noted the recent acquisitions that the Australian energy major made, not always to the cheer of the market,…

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