Woodside Half Yearly Profit

Submitted by Share Trading on 18 August, 2010 - 10:13

Oil producer, Woodside Petroleum (ASX:WPL) have posted an increase of almost 40 percent in net profit after tax for the first six months to June 30 of $US 901 million or 39.5 percent.

Woodside Petroleum Dividends

WPL have declared a dividend for the first half. Interim dividend is 50 cents per share, fully franked, an increase of 4 cents on the corresponding period 1H 2009.

  • Reported net profit after tax of $901 million up 40% (1H 2009 $646 million), due mainly to stronger commodity prices and the gain on the sale of Woodside’s Otway assets.
  • Underlying net profit after tax of $813 million up 26% (1H 2009 $646 million).
  • Revenue of $2,102 million up 45% (1H 2009 $1,446 million) largely due to stronger commodity prices.
  • Production of 36.7 MMboe down 8% (1H 2009 40.1 MMboe) due to the divestment of Woodside’s Otway gas assets and natural field decline in our oil assets.

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!