ASX Update 14 Aug 2019

Half-Year 2019 Results

We're laying the foundations for growth

Woodside Photography 2018 - Drone-4 [Image by Jarrad Seng]

For the half-year to 30 June 2019, we reported net profit after tax (NPAT) of US$419 million, delivered production of 39.0 MMboe and recorded operating revenue of $2,260 million.

An interim dividend of 36 US cents per share was declared.

The first half was characterised by strong production performance from the NWS Project and Wheatstone. Our base business continued to generate strong cash flows and margins, as we prepare to deliver our growth opportunities. Pluto LNG’s first major turnaround was completed in June 2019 to support safe, reliable and efficient production for many years. Strong cash flow generated by Pluto LNG will contribute significantly to delivery of our growth strategy.

Woodside CEO Peter Coleman said the company had laid the foundations for a strong second half in 2019 and is on track to deliver annual production of approximately 100 million barrels of oil equivalent in 2020.

Click here to read the full report, and here to watch our CEO Peter Coleman discuss our results with CommSec's Tom Piotrowski.