Woodside Profit Jumps 27% as Higher Prices Offset Lower Production

Woodside Energy reported first-half 2026 net profit after tax of $1.67 billion, representing a 27% increase compared to the prior-year period. The Australian energy producer benefited from strengthened commodity prices across global oil and liquefied natural gas markets, which offset significant production headwinds during the period.
The company’s underlying profit rose 7% to $1.33 billion, while operating revenue climbed 13% to $7.45 billion. Woodside’s average realized price incr