Woodside Energy Group (ASX:WDS) has recorded a full-year net profit after tax (NPAT) of US$6,498M, up 228% on the back of increased production and sales, producing 157.7 MMboe (million barrels of oil equivalent per day).
Its underlying NPAT of $5,230M, up 223%, determined a final dividend of US 144 cents per share, bringing the full year fully franked dividend to US 253 cents per share.
With the emergence of crisis conditions in the east coast energy market last Winter, it supplied around 20% of its consumed gas, after acquiring Bass Strait assets in its merger with BHP’s petroleum business.
But due to the company’s profit, its tax and royalty payments for the year more than tripled to a record $2.7B.