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Woodside Profit Slides 24 Percent Despite Oil and Gas Production Boom

The energy giant says there’s potential growth in the Asia Pacific region.
Woodside Profit Slides 24 Percent Despite Oil and Gas Production Boom
A Woodside logo is seen in Perth, Western Australia, on March 16, 2024. Susan Mortimer/The Epoch Times
Monica O’Shea
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Oil and gas giant Woodside Energy has reported a 24 percent drop in its underlying net profit after tax (NPAT) at US$1.2 billion in the first half of 2025.

The energy company attributed this fall to lower oil and gas prices, and depreciation of its Sangomar oil project in Senegal.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]