.WoodsideEnergy has announced a 417% surge in net profits as energy prices soar EnergyPrices revenue oil gas LNG investment Australia resources
PERTH – Higher energy prices have seen oil and gas major Woodside Energy report a 417% surge in net profits after tax for the first half of 2022, while earnings before interest, taxes, depreciation and amortisation increased by 132%.
“In particular, production from Pluto was increased by the start-up of Pyxis Hub and the commencement of gas flows through the Interconnector pipeline to Karratha gas plant . This well-timed investment allowed us to supply three LNG cargoes, one condensate cargo and pipeline gas into a strong market, generating $419-million in revenue and delivering additional value to our shareholders.”
“We are increasing activities at our Scarborough and Pluto Train 2 projects in Western Australia, with all major equipment items procured, fabrication of the floating production unit topsides and Pluto Train 2 construction works underway, the subsea trees for the initial development phase complete and pipeline manufacturing progressing.
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