CompaniesEnergyEarnings seasonPrint articleWoodside holds firm on Scarborough after $US4b lossAngela Macdonald-SmithSenior resources writerFeb 18, 2021 – 8.57amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginKey PointsRevenue ($USb) 3.6, down 27%Profit before tax (US$m) -5440 v year earlier 862 Net profit ($USm) -4028 v 343Final dividend: 12c, payable March 24Woodside Petroleum has doubled down on its target to give the go-ahead in the December half on its $16 billion Scarborough gas project in Western Australia, despite slumping to a $US4.03 billion ($5.2 billion) net loss for 2020.“Scarborough remains firmly on track for a targeted FID [final investment decision] in the second half of 2021, with around 50 per cent of our expected equity gas production now under contract,” chief executive Peter Coleman said.Loading...Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonWoodside Energy GroupGasOilLatest In EnergyFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review Magazine‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetLauren SamsThis Brisbane restaurant deserves a Michelin starHow Ozempic and other GLP-1s are transforming much more than just waistlinesBOSS Financial ReviewCan you take an extended career break and not hurt your career?Hannah TattersallGen Z doesn’t do water cooler chat. Here’s what bosses should doHow skateboarding helps this director switch offLife & LeisureInside the Big Bang watch party in GenevaLuke Benedictus and Matthew DrummondGo retro with a new Steve McQueen watch and Van Cleef’s rarest jewelsHow to lift your way to a longer lifeRich ListBillionaire furniture mogul’s $12m hinterland retreat smashes recordBonnie CampbellApartment prices in record jump to $19,000 per square metreCettire recruits Accent shoe chief Daniel Agostinelli to its board
