Woodside Energy has posted a massive 417% increase in net profit to $US1.64 billion for the first half of the year.
The oil and gas company said the result came from high energy prices and better operational performance.
?There is no doubt that energy security has become a fundamental issue for world energy markets in the wake of Russia's invasion of Ukraine, and we are seeing that translate into commodity prices?, said CEO Meg O?Neill.
The result, its first since the mega merger with BHP?s petroleum assets, will deliver shareholders a huge rise in interim dividends - jumping to $US1.09 a share, up from US30 cents the previous year.
Shares in Woodside lifted 1.84% following the announcement.