Woodside today reported a first-half profit after tax of US$828 million, underpinned by continued strong performance of the North West Shelf and higher revenues. The underlying net profit after tax of US$842 million was up 3.6%.
Woodside Chief Executive Officer Peter Coleman said “ Our focus on operational excellence continues to deliver outstanding results and today’s financial result highlights the ongoing strength of the company’s base business.
“ Woodside’s extensive production facilities are performing well and delivering strong revenues. With around US$2.9 billion in cash and undrawn facilities, together with continued strong cash flows from the underlying business, we enter the second half of 2011 well positioned to fund our growth plans.
“ We will continue a disciplined approach to investment to maximise, deliver and capture value from our existing business, our LNG growth options and select opportunities .”
Key Points
[mappress] Source: Woodside, August 17, 2011;