Woodside Energy in Australia has reported strong operational and financial results for H1 2025, producing 548,000 barrels of oil equivalent per day. Despite a decrease in half-year net profit after tax to $1.31bn, the company saw a 10% year-on-year growth in operating revenue, reaching $6.59bn.

The board announced a fully franked interim dividend of $0.53 per share, reflecting a payout ratio of 80% of the underlying NPAT. Woodside Energy CEO Meg O’Neill highlighted the company’s strong asset performance, financial stability, and disciplined capital management.

Excluding impairment, Woodside’s EBITDA from the underlying base business increased by 5% to $4.6bn. The marketing segment contributed $144m to the total EBIT, showcasing efficiency improvements and value creation in trading and shipping its products.

Woodside reported a net cash from operating activities of $3.33bn and a capex of $2.55bn for H1 2025, an 8% increase from the previous year. Dividends distributed decreased to $1bn. The company entered into multiple long-term LNG sales agreements and is progressing major projects like Scarborough and Trion.

Woodside announced the completion of the Beaumont New Ammonia Project in Texas, with first production targeted for late 2025. The company also finalized the sale of a 40% interest in its Louisiana LNG project to Stonepeak, a global investment firm. The Scarborough and Trion projects are on track for completion in the coming years.

Read more at Yahoo Finance: Woodside reports strong production growth in H1 2025