Woodside shares hit amid worries on costs, dividends

Angela Macdonald-SmithSenior resources writer

Feb 17, 2025 – 3.11pm

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Woodside Energy shares dropped as much as 3.7 per cent on Monday after the oil and gas producer issued guidance for costs and tax expenses for the 2024 year that implies the final dividend could fall shy of expectations by as much as 20 per cent.

Core net profit for Woodside for the full 2024 year could be about $US2.8 billion ($4.4 billion) based on the figures released by the company on Monday, MST Marquee energy analyst Saul Kavonic said.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.