Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Woodside First-Half Profit Rises 27% on Increase in Prices

Don't Miss Out —
Follow us on:

Aug. 20 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, said first-half profit rose 27 percent on higher prices and output.

Net income was $1.11 billion in the six months ended June 30, from $873 million a year earlier, Perth-based Woodside said today in a statement. That matches the $1.1 billion median estimate of six analysts surveyed by Bloomberg News.

Woodside is pushing ahead with overseas expansion as it faces pressure to boost reserves after delays at its proposed Browse and Sunrise liquefied natural gas ventures in Australia. Sales climbed 24 percent to $3.55 billion.

Woodside’s $2.7 billion plan to buy back stock from Royal Dutch Shell Plc was blocked by shareholders earlier this month, leaving Europe’s largest oil company with a larger, unwanted stake in the Australian gas producer.

To contact the reporter on this story: James Paton in Sydney at

To contact the editors responsible for this story: Jason Rogers at Keith Gosman, Andrew Hobbs

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.