Follow our live coverage here.
Follow our live coverage here.
Woodside says its statutory net profit after tax rose 115 per cent in 2024 to $US3.57 billion ($5.62 billion), but it will pay a smaller dividend.
Australia’s largest oil and gas producer said its underlying net profit for the 12 months to December 31 was down 13 per cent to $US2.88 billion ($4.5 billion), primarily due to lower oil and gas prices.
The company produced a record 193.9 million barrels of oil equivalent in 2024, underpinned by strong early production at its Sangomar oil field off the coast of Senegal, which $1.5 generated US$950 million in sales revenue since producing its first oil in June.
Woodside chief executive Meg O’Neill said that Woodside was set to become a highly cash-generative business.
Our proven track record of operational excellence, disciplined investment decisions and world-class project execution is delivering near-term rewards for our shareholders while laying the foundations for a new chapter of value creation.
Woodside’s Scarborough project 375km off the Pilbara coast of WA is now 80 per cent complete and on track for its first LNG cargo in 2026, O’Neill said.
Woodside said its operating revenue was down six per cent to $US13.2 billion, as the average realised price it received for oil equivalent dropped seven per cent.
Production costs were down two per cent despite the inflationary environment, Woodside highlighted.
Woodside said that it would pay a 53 US cents per share fully franked final dividend, down from 60 cents per share a year ago.
AAP
The life of a politician means listening to your constituents, learning about their concerns and representing their needs in the parliament.
But Liberal candidate for Belmont Biju Anthony might find it a bit more difficult than others to hear from the people he hopes will vote for him in the looming state election – because the mobile number he has plastered all over his political pamphlets and website is disconnected.
“Your call couldn’t be connected, please check the number and try again”.
Anthony is running with a slogan ‘WA deserves better’.
A high-tech vessel has started a fresh search for MH370, the Malaysian Airlines plane that vanished more than a decade ago off our coast.
The use of an unmanned submarine means that more ocean can be searched, and the team behind the search believe the chances that they’ll find the wreck is high.
Good morning, there’s plenty going on around the nation:
- Anthony Albanese has faced a public grilling, fronting an at-times hostile TV audience on ABC’s Q+A, as he battles dismal polling.
- Doctors are warning Australians to temper their expectations of free GP visits as they fear patients will be disappointed when most city clinics keep charging gap fees, despite both Labor and the Coalition pledging $8.5 billion to boost bulk-billing.
- Opposition Leader Peter Dutton says he will slash $24 billion from public service spending to pay for his $9 billion injection into Medicare, doubling down on plans to cull tens of thousands of public servants.
- Penny Wong has accused Coalition senator James McGrath of weaponising antisemitism in a rowdy parliamentary hearing that was shut down during a spat between the foreign minister and opposition MPs.
So, did you subject yourself to the snoozefest that was our political leaders’ debate last night?
Being the political junkies we are here in the office we did – and state politics journalist Hamish Hastie says it was rushed and uninspiring.
Roger Cook (Labor) and Libby Mettam (Liberals) went head-to-head but mostly stuck to their talking points.
The most interesting part was when Cook dropped this clanger: “We put Labor first …we put health first. WA, Labor always does perform best in health care.”
Mettam fired back: “You just said it. Roger Cook, you put Labor first, instead of the people of Western Australia.”
Mostly sunny today, getting to a top of 28 degrees.
Good morning readers, and welcome to our live news blog for Tuesday, February 25.
Making headlines today is a bold plan from Labor that would be one small step for WA, and one giant leap for aspiring astronauts across the state.
Yes, Labor plans to go to infinity and beyond with their election pledge for a space launch facility (or at least fund a business case for one) in WA, which would allow businesses to launch satellites and spacecraft into orbit.
And if the polls don’t go their way on March 8? Well, at least in space no one can hear you scream.
OK, we’ll stop with the puns now. Because there’s more serious news to report.
Like the latest on Perth’s aversion to apartments and its toxic relationship with sprawling suburbs.
New data shows units form a significant proportion of housing options in the world’s biggest cities, but here in the west, Perth has the second-lowest proportion of units to houses in the nation – behind only Hobart. And Hobart has an excuse because, well, it’s Hobart.
One property expert believes Perth’s transition to a bustling city with a high proportion of units to apartments is inevitable.
But it’s hamstrung by the availability of relatively cheap land on the urban fringes.
Sarah Brookes has the latest. You can read all about it here.
Thanks for tuning in today. Stay with us as we bring you more news you need to know.
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