Woodside Energy has declared a huge interim dividend after posting a massive 417% increase in net profit for the first half of the year.
The oil and gas company said the profit surge was driven by soaring energy prices and better operational performance.
The result is Woodside?s first since the mega merger with BHP?s petroleum business and has led to a huge rise in interim dividends - jumping to $US1.09, up from US30 cents the previous year.
Investors have cheered the stellar earnings report, with shares in the oil and gas giant climbing to their highest in three years.