Woodside Energy will take a $US140 million ($213.5 million) profit hit after abandoning a major hydrogen project in the United States, one of many clean energy investments scrapped after Donald Trump’s re-election.
The producer has also suffered a blowout in the budget for decommissioning old oil and gas fields, resulting in a cost of as much as $US500 million that will be booked in its first-half earnings.
