Chanticleer
What we learnt: Woodside hits the spot, Sydney casino battle nears
Woodside makes hay while oil prices shine, The Star and Crown prepare to duke it out in Sydney, and Tabcorp rides its lotteries luck. What we learnt from today’s profit results.
The sun is shining on Australia’s oil and gas sector, and Woodside Energy is determined to make the most of the good weather.
Just a day after Santos delivered a stonking increase in profit, Woodside Energy joined the party by reporting a 262 per cent increase in underlying profit to $1.6 billion for calendar 2021, free cash flow of $851 million (up 424 per cent) and an eight-fold increase in the final dividend.
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