India, Feb. 24 -- Australia's Woodside Energy Group Ltd. (WOPEF.PK,WOPEY.PK,WPL.AX), formerly known as Woodside Petroleum Ltd, reported that its profit attributable to equity holders of the parent for the year ended 31 December 2024 climbed to US$3.573 billion or 186.9 US cents per share from US$1.660 billion or 86.9 US cents per share in 2023. In 2024, there were no impairment losses, compared to an impairment loss totaling US$1.917 billion for the Shenzi, Wheatstone and Pyrenees assets in 2023.
but underlying net profit after tax decreased 13% year-over-year to US$2.880 billion, primarily due to lower realized oil and gas prices.
Woodside reported record production of 193.9 million barrels of oil equivalent (MMboe), or 530 Mboe/day, for...